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Coffee Day Enterprises Ltd own and operates coffee cafes in India since 1996.
Company is well known for its brand name 'Cafe Coffee Day' (CCD). Company owns a network
of 1,472 Cafe outlets spread across 209 cities in India. As of Dec 2014, Cafe Coffee Day has
market share of 46% in India in terms of the number of chained Cafe outlets.
In addition to having the largest chain of cafes in India, company operate a highly optimized and
vertically integrated coffee business which ranges from procuring, processing and roasting of
coffee beans to retailing of coffee products across various formats. Company is one of the largest
exporters of Indian coffee beans, primarily to Europe, Japan and the Middle East
1. Cafe Coffee Day CCD - 1,423 outlets across 209 cities in India
2. Cafe Coffee Day The Lounge - 42 outlets
3. Cafe Coffee Day The Square - 7 outlets
4. Vending Machines - 28,777 vending machines
5. Fresh & Ground outlet - 424 outlets
6. Coffee Day Xpress kiosks - 590 kiosks
In addition to coffee business, company operate select other businesses that are aimed at
leveraging India's growth potential, namely, development of IT- ITES technology parks,
logistics, financial services, hospitality and ITITES.
Company Promoters:
V.G. Siddhartha is the Promoter of the company. Promoter currently hold 63,945,904 Equity
Shares, equivalent to 54.78% of the pre-Issue issued. Promoter will continue to hold a majority
of the post-Issue paid-up share capital of the Company.
Company Financials:
Particulars For the year/period ended (in Rs. Million)
31 Mar 15 31 Mar 14 31 Mar 13 31 Mar 12
Total Income 25,487.15 22,819.31 20,958.48 15,628.55
Profit After Tax (PAT) -1,594.73 -1,381.03 -738.90 -175.79
Issue Detail:
Issue Open: Oct 14, 2015 - Oct 16, 2015
Issue Type: Book Built Issue IPO
Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 1,150.00 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs. 316 - Rs. 328 Per Equity Share
Market Lot: 45 Shares
Minimum Order Quantity: 45 Shares
Listing At: BSE, NSE
Coffee Day Enterprises Limited allots 1.038 cr equity shares @ Rs. 322 ps aggregating Rs.
334.27 cr to 17 anchor investors Anchors include Blackrock, Government Pension Fund Global,
ICICI Prudential MF, Reliance Life Insurance, Merrill Lynch, Swiss Finance Corp., Axis MF,
Faering Capital India Evolving Fund, Jupiter India Fund, Platinum Asia Fund & Tarra Fund.
4.0
Rating:
Cafe Coffee Day IPO Listing Date
ISIN: INE335K01011
1. Cafe Coffee Day IPO Final Subscription Detail Friday, October 16, 2015 7:06:40 PM
Coffee Day Enterprises Limited IPO Final Subscription Detail:
Public Issue of Coffee Day Enterprises Limited closed today. Allotment status and Listing
information of Cafe Coffee Day IPO will be available soon.
2. Coffee Day Enterprises Ltd IPO - Close Friday, October 16, 2015 12:00:00 AM
Coffee Day Enterprises Ltd IPO (Cafe Coffee Day IPO or CCD IPO) to open on Oct 14, 2015
and close for subscription on Oct 16, 2015. Company is raising Rs 1150 Cr to financing its
coffee businesses and to repayment the loans. The equity shares of the company to be list at BSE
and NSE.
3. Coffee Day Enterprises IPO Subscription Thursday, October 15, 2015 8:32:41 AM
Coffee Day Enterprises Limited IPO Subscription Detail on Day 2.
Public Issue of Coffee Day Enterprises Limited closes for subscription on 16-Oct-2015.
4. Coffee Day Enterprises Ltd IPO - Open Wednesday, October 14, 2015 12:00:00 AM
Coffee Day Enterprises Ltd is entering in the capital markets with an initial public offering, IPO
of *** Equity Shares of Rs 10 each aggregating upto Rs 1150 Cr. The price band for the issue
has been fixed at Rs 316 at lower level and Rs 328 at upper level.
Coffee Day Enterprises Ltd own and operates coffee cafes in India since 1996. Company is well
known for its brand name 'Cafe Coffee Day' (CCD). Company owns a network of 1,472 Cafe
outlets spread across 209 cities in India. As of Dec 2014, Cafe Coffee Day has market share of
46% in India in terms of the number of chained Cafe outlets.
The issue opens on Oct 14, 2015 and closes for subscription on Oct 16, 2015. The equity shares
of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock
Exchange (NSE).
Our Company wasoriginally formed as a partnership firm constituted underthe Indian
PartnershipAct, 1932 on February 1,2008 underthe name Coffeeday Holding Co. Coffeeday
Holding Co. was thereafter converted from a partnership firm to a private limited company under
Part IX of the Companies Act, 1956 as Coffee Day Holdings Company Private Limited and a
fresh certificate of incorporation was issued by the Registrar of Companies, Bengaluru,
Kamataka ("RoC") on June 20,2008. The name of our Company was changed to Coffee Day
Resorts Private Limited and a fresh certificate of incorporation consequent upon change of name
was issued by the RoC on January 25,2010. Subsequently, the name of our Company was
changed to Coffee Day Enterprises Private Limited and a fresh certificate of incorporation
consequent upon change of name was issued by the RoC on August 6,2014. Our Company was
converted intoa public limited company consequent to a special resolution passed by our
Shareholders at the EGM held on January 17,2015 and the name of our Company was changed
to Coffee Day Enterprises Limited. Afresh certificate of incorporation consequent upon
conversion to publiclimited company was issued by the RoC on January21,2015. For details of
change in the name and registered office of our Company, see section "History and Certain
Corporate Matters" on page 218 of the Prospectus.
Registered and Corporate Office: 23/2, Coffee Day Square, Vlttal Mailya Road, Bengaluru
560 001, Karnataka, India; Contact Person: SadanandaPoojary, Company Secretary and
Compliance Officer; Tel:+ 9180 40012345; Fax:+9180 40012650; E-mail:
investors@coffeeday.com; Website: www.coffeeday.com; Corporate Identification Number:
U55101KA2008PLC046866.
BASIS OF ALLOTMENT
The Equity Shares are proposed to be listed on the BSE Limited ("BSE") and the National
Stock Exchange of India Limited ("NSE") and the trading will commence on November
02,2015.
'Please note that the Anchor Investor Issue Price is Rs. 328 per Equity Share.
ISSUE PRICE : Rs. 328 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH THE
ISSUE PRICE IS 32.8 TIMES THE FACE VALUE ANCHOR INVESTOR ISSUE PRICE :
Rs. 328 PER EQUITY SHARE
In terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended
("SCRR"), this is an Issue for at least 10% of the post-Issue paid-up Equity Share capital of our
Company. The Issue is being made in accordance with Regulation 26(1) of the SEBIICDR
Regulations, through the Book Building Process wherein 50% of the Net Issue shall be Allotted
on a proportionate basis to Qualified Institutional Buyers ("QIBs"), provided that our Company
has allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which
one-third was reserved for domestic Mutual Funds only, subject to valid Bids being received
from domestic Mutual Funds at or above the Anchor Investor Issue Price, in accordance with the
SEBI ICDR Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be
available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the
QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other
than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above
the Issue Price. Further, not less than 15% of the Net Issue shall be available for allocation on a
proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue shall be
available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR
Regulations, subject to valid Bids being received at or above the Issue Price. Further, 457,316
Equity Shares will be available for allocation on a proportionate basis to Eligible Employees,
subject to valid bids being received from them at or above Issue Price.
All potential investors, other than Anchor Investors, could participate in this Issue through an
Application Supported by Blocked Amount ("ASBA") process providing details of their
respective bank account which were blocked by the Self Certified Syndicate Banks ("SCSBs").
QIBs (except Anchor Investors) and Non-Institutional Bidders were mandatorily required to
utilise the ASBA process to participate in the Issue. Anchor Investors were not permitted to
participate in the Issue through ASBA Process. For details, see "Issue Procedure" beginning on
page 486 of the Prospectus.
The Issue received 114,644 applications for 57,025,890 Equity Shares (prior to technical
rejections) resulting in 1.6265 times subscription. The details of the applications received in the
Issue from various categories are as under: (before technical rejections):
No. of
No. of
No. of Equity
Category times Amount
Applications Shares
Subscribed
applied
A. Retail Individual Bidders 113,366 10,972,800 0.9060 3,610,694,489.50
B. Non-Institutional Bidders 206 2,743,830 0.5286 901,486,440.00
Qualified Institutional Buyers
C. 31 32,248,710 4.6597 10,577,285,280.00
(excluding Anchor Investors)
D. Anchor Investors 17 10,664,505 1.0273 3,464,439,288.00
E. Eligible Employees 1,024 396,045 0.8660 129,928,610.00
Total 114,644 57,025,890 1.6265 18,683,834,107.50
Final Demand
A summary of the final demand as per the NSE and BSE as on the Bid/Issue Closing Date at
different Bid prices is
Bid Price No. of Equity Shares %toTotal Cumulative Total Cumulative % of Total
316 3,853,530 7.08 3,853,530 7.08
317 18,405 0.03 3,871,935 7.11
318 56,925 0.10 3,928,860 7.21
319 3,195 0.01 3,932,055 7.22
320 106,155 0.19 4,038,210 7.42
321 6,615 0.01 4,044,825 7.43
322 3,621,150 6.65 7,665,975 14.08
323 8,595 0.02 7,674,570 14.09
324 18,675 0.03 7,693,245 14.13
325 109,350 0.20 7,802,595 14.33
326 11,340 0.02 7,813,935 14.35
327 12,825 0.02 7,826,760 14.37
328 36,053,550 66.21 43,880,310 80.58
CUTOFF 10,573,830 19.42 54,454,140 100.00
TOTAL 54,454,140 100.00
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being
NSE on October 27,2015.
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue
Price of Rs. 328 per Equity Share, was finalized in consultation with the NSE. This category has
been subscribed to the extent of 0.8761 times. The total number of Equity Shares Allotted in
Retail Individual Bidders category is 10,611,180 Equity Shares to 109,698 successful applicants.
The category-wise details of the Basis of Allotment are as under:
The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs.
328 per Equity Share or above, was finalized in consultation with the NSE. This category has
been subscribed to the extent of 0.5156 times. The total number of Equity Shares Al lotted inthis
category is 2,676,105 Equity Shares to 190 successful applicants. The category-wise details of
the Basis of Allotment are as under (Sample):
The Basis of Allotment to the Employee Bidders, who have bid at the Issue Price of Rs. 328 per
Equity Share or above, was finalized in consultation with the NSE. This category has been
subscribed to the extent of 0.8247 times. The total number of Equity Shares Allotted in this
category is 377,145 Equity Shares to 965 successful applicants. The category-wise details of the
Basis of Allotment are as under:
Allotment to QIBs, who have Bid at the Issue Price of Rs. 328 per Equity Share or above, has
been done on a proportionate basis in consultation with the NSE. This category has been
subscribed to the extent of 2.9231 times of Net QIB portion. As per the SEBI Regulations,
Mutual Funds were Allotted 550,773 of the Equity Shares of Net QIB portion available i.e.
550,773 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted
the remaining available Equity Shares i.e. 10,464,675 Equity Shares on a proportionate basis.
The total number of Equity Shares Allotted in the QIB category is 11,015,448 Equity Shares,
which were allotted to 30 successful Applicants. The category-wise details of the Basis of
Allotment are as under:
The Company and Selling Shareholders have allotted 10,381,097 Equity Shares to 17Anchor
Investors, in consultation with the GCBRLMsand the BRLMs. In accordance with the SEBI
Regulations, this represents 60 % of the QIB Portion.
The IPO Committee of our Company at its meeting held on October 28, 2015, has taken on
record the basis of allotment of Equity Shares approved by the Designated Stock Exchange,
being NSE and has allotted the Equity Shares to various successful Applicants. The CAN-cum-
Refund Orders and Allotment Advice have been dispatched to the address of the investors as
registered with the depositories on or before October 30, 2015. Further, instructions to the
SCSBs have been dispatched / mailed on October 27, 2015. In case the same is not received
within ten days, investors may contact the Registrar to the Issue at the address given below. The
Refund Orders have been over-printed with the bank account details as registered, if any, with
the depositories. The Equity Shares allotted to the successful allottees have been uploaded on
October 28, 2015 for credit into the respective beneficiary accounts subject to validation of the
account details with the depositories concerned. Our Company is taking steps to get the Equity
Shares admitted for trading on the NSE and BSE within 12 working days of the Bid/ Issue
Closing Date.
All capitalized terms used and not defined herein shall have the meaning ascribed to them in the
Prospectus.
The details of the allotment made will be hosted on the website of the Registrar to the Issue, Link
Intime India Private Limited at http://www.linkintime.co.in.
All future correspondence in this regard may kindly be addressed to the Registrartothe Issue
quoting full name of the First/ Sole applicant, Serial number of the Bid-Cum-Application form,
number of Equity Shares bid tor, name of the Member of the Syndicate, place where the bid was
submitted and payment details at the address given below:
Place : Bangalore
For COFFEE DAY ENTERPRISES
Date : October 30, 2015
LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer
The Equity Shares have not been and will not be registered, listed or otherwise qualified in any
other jurisdiction outside India and may not be offered or sold, and bids may not be made by
persons in any such jurisdiction, except in compliance with the applicable laws of such
jurisdiction. The Equity Shares have not been and will not be registered under the United States
Securities Act of 1933, as amended ("U.S. Securities Act") or any state securities laws in the
United States and may not be offered or sold within the United States except pursuant to an
exemption from, or in a transaction not subject to, the registration requirements of the U.S.
Securities Act and inaccordance with any applicable United States state securities laws.