Cafe Coffee Day IPO
Cafe Coffee Day IPO — date, price band, lot size & details 2015
Cafe Coffee Day listed on 2 Nov 2015 at ₹317, 3.4% below the ₹328 issue price.
Coffee Day Enterprises owns Cafe Coffee Day, the largest chain of cafes in India, along with a vertically integrated coffee business. Its standalone figures showed losses before the IPO.
Stock price
Cafe Coffee Day is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 14 Oct 2015
- Close 16 Oct 2015
- Allotment 27 Oct 2015
- Refund/credit TBA
- Listing 02 Nov 2015
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 16 Oct, 2015 |
|---|---|
| Price Band | ₹316 – ₹328 |
| Face Value | ₹10 |
| Lot Size | 45 Shares |
| Issue Size | ₹1150 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,760 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 45 shares at the ₹328 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 45 | ₹14,760 |
| Retail (max) | 13 | 585 | ₹1,91,880 |
| S-HNI (min) | 14 | 630 | ₹2,06,640 |
| S-HNI (max) | 67 | 3,015 | ₹9,88,920 |
| B-HNI (min) | 68 | 3,060 | ₹10,03,680 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It ran 1,472 cafe outlets across 209 cities.
- 02Cafe Coffee Day had a 46% share of chained cafe outlets in India in December 2014.
- 03Rs 632.80 crore of the issue was for repaying loans of the company and its subsidiary.
- 04Rs 87.71 crore was for new cafes and kiosks.
Risks · 5
- 01On a standalone basis it made losses of Rs 73.80 crore in FY2013, Rs 79.68 crore in FY2014 and Rs 127.46 crore in FY2015.
- 02Standalone borrowing was Rs 1,421.58 crore on 30 June 2015.
- 03Standalone net worth fell from Rs 539.97 crore in FY2013 to Rs 303.75 crore on 30 June 2015.
- 04Cafes face rising rents and competition from global chains; Rs 60.58 crore was needed just to refurbish outlets.
- 05Promoter holding fell from 63.34% before the issue to 52.56% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Cafe Coffee Day offer document.
| Metric | 30 Jun 2015 | 31 Mar 2015 | 31 Mar 2014 | 31 Mar 2013 |
|---|---|---|---|---|
| Assets | 2,126.73 | 2,093.59 | 2,074.61 | 1,839.74 |
| Total Income | 12.19 | 30.73 | 46.82 | 10.63 |
| Profit After Tax | -31.00 | -127.46 | -79.68 | -73.80 |
| NET Worth | 303.75 | 390.74 | 446.67 | 539.97 |
| Reserves and Surplus | 185.66 | 374.51 | 430.78 | 524.08 |
| Total Borrowing | 1,421.58 | 1,241.58 | - | - |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Cafe Coffee Day RHP.
Where the money goes
₹1,150.00 Cr of the issue is earmarked to named objects.
About the company
It owned a network of 1,472 cafe outlets across 209 cities. As of December 2014, Cafe Coffee Day had a 46% share of chained cafe outlets in India.
Its coffee business is vertically integrated. Its businesses are held through subsidiaries, so the standalone figures mainly reflect its holding company role.
The IPO was Rs 1,150 crore and was entirely fresh issue at Rs 328, the top of the Rs 316 to Rs 328 band. Most of the money was for repaying loans, with the rest for new cafes, kiosks, vending machines and a roasting plant.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Cafe Coffee Day IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
YES Bank Ltd
14 issues handledBest listing: CDSL (+67.8%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Cafe Coffee Day?
The current Grey Market Premium is ₹0.
What is the Cafe Coffee Day IPO price band?
₹316 to ₹328, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 October 2015, with listing on 2 November 2015.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
