Friday, 16 October 2015

Coffee Day Enterprises IPO subscribed 75% on the second day

The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.98 times while the category for non-institutional investors saw 7% subscription, according to NSE data.


The initial public offer of Coffee Day Enterprises, was subscribed 75% on the second day of offer.
The IPO received bids for 1,93,74,885 shares against the total issue size of 2,58,14,198 shares, according to data available with the NSE till 1700 hours. 
The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.98 times while the category for non-institutional investors saw 7% subscription, according to NSE data.
The company has raised over Rs 334 crore from anchor investors. 
The company plans to mop up Rs 1,150 crore through the IPO.

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