Merrill Lynch, Platinum Asia Fund anchor investors in Coffee Day IPO

Coffee Day Enterprises Limited (CDEL) has made an allotment of 10.38 million shares to 17 anchor investors at a price of INR322 per share. The conglomerate, which operates India’s largest chain of coffee outlets, has raised INR3.3 billion by placing the shares with anchor investors which will have a lock in period of 30 days from the date of allotment.

Cafe Coffee Day Collage

Among the leading parties allotted shares are Merrill Lynch Capital Markets Espana SA SV and Platinum Asia Fund which have been allocated 1.94 million and 1.45 million shares respectively. Axis Mutual Fund, ICICI Prudential and National Westminster Bank are other prominent investors.

S. No.Anchor InvestorShares AllottedAllocation Price
1Blackrock India Equities Fund (Mauritius) Limited379,170322
2Government Pension Fund Global379,170322
3Platinum Asia Fund1,456,065322
4Platinum International Brands Fund339,536322
5National Westminster Bank Plc as Trustee of the Jupiter India Fund1,057,932322
6Jupiter South Asia Investment Company Limited – South Asia Access Fund307,143322
7ICICI Prudential FMCG Fund159,480322
8ICICI Prudential Exports and Other Services Fund464,985322
9ICICI Prudential Dynamic Plan416,340322
10ICICI Prudential Top 100 Fund101,160322
11ICICI Prudential Value Fund Series 322,635322
12Axis Mutual Fund A/c Axis Long Term Equity Fund (ATXF)1,164,600322
13Reliance Life Insurance Company Limited758,340322
14Faering Capital India Evolving Fund679,947322
15Tarra Fund155,280322
16Merrill Lynch Capital Markets Espana SA SV1,947,879322
17Swiss Finance Corporation (Mauritius) Limited591,435322

Coffee Day IPO will open on Wednesday, 14 October for subscription and will close on 16 October. This is the biggest IPO in India this year but its diversified business model and loss-making operations have evoked mixed reactions from analysts.

Read Also: Cafe Coffee Day IPO Review: Eligible for conglomerate discount

By roping in anchor investors, Coffee Day has eased the pressure on the IPO whose prospects have been somewhat dimmed by the overtly diversified businesses.

Krishna Bagra

Coming from a family of investors and financial analysts, Krishna learnt wading through regulatory filings pretty early in her career. At IPO Central, Krishna plays twin roles of contributor and head of research desk. She can also be reached at +krishnabagra .

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