Coffee Day IPO selling turnround story

The domestic Indian IPO is part of Coffee Day Enterprises’s business plans to shrug off deepening losses and restore profitability.

Senior management at Coffee Day Enterprises are hoping to convince investors they are capable of driving the coffee chain back into the black as they ready their domestic initial public offering later this month.

India’s biggest coffee chain is looking to raise Rs11.5 billion $175 million from the sale of about 35 million to 36.4 million new shares, according to a term sheet seen by FinanceAsia, which would make it the country's biggest IPO so far this year.

Despite a dominant 46% market share, the company has struggled in the face of growing competition from global coffee brands such as Starbucks and Costa Coffee. In...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222