Coffee Day plans to raise up to Rs 1500 crore via IPO

Domestic listing will see holding company, Coffee Day Resorts, sell 10-15 per cent for $150 mn. The holding company of Cafe Coffee Day, India's biggest cafe chain, is gearing up to mop up Rs 1,200-1,500 crore through a proposed initial public offering ( IPO) in about nine to 12 months, according to reports. Report said that the domestic listing will see holding company, Coffee Day Resorts, sell 10-15 per cent for $150 mn. Private equity (PE) investors are expected to dilute up to 10% of their stake, stated reports.