Coffee Day Enterprises, which runs India’s largest coffee chain, has filed a draft red herring prospectus with SEBI to float its initial public offering..The Bangalore-based company that had roped in a string of private equity backers, including KKR, is looking to raise 1,150 crore ($181 million) in its IPO, which would make it one of the largest IPOs in the recent times, reports VCCircle..Cyril Amarchand Mangaldas acted as sole legal counsel for Café Coffee Day with a team led by Bangalore Partner Arjun Lall..AZB & Partners acted as domestic legal counsel to the global book running lead managers Kotak Mahindra Capital, Citigroup Global Markets and Morgan Stanley while Baker & Mckenzie acted as international counsel..The AZB team was led by Delhi Capital Markets Partner Madhurima Mukherjee along with Bangalore Partner Srinath Dasari, Senior Associate Agnik Bhattacharyya and Associates Namita Das, Reema Dash and Gautam Rego..The Baker & Mckenzie team was led by India Practice Head Ashok Lalwani..The operator of Cafe Coffee Day outlets plans to use Rs 632 crore to repay loans and the rest to open stores, manufacture vending machines and set up roasting facilities.
Coffee Day Enterprises, which runs India’s largest coffee chain, has filed a draft red herring prospectus with SEBI to float its initial public offering..The Bangalore-based company that had roped in a string of private equity backers, including KKR, is looking to raise 1,150 crore ($181 million) in its IPO, which would make it one of the largest IPOs in the recent times, reports VCCircle..Cyril Amarchand Mangaldas acted as sole legal counsel for Café Coffee Day with a team led by Bangalore Partner Arjun Lall..AZB & Partners acted as domestic legal counsel to the global book running lead managers Kotak Mahindra Capital, Citigroup Global Markets and Morgan Stanley while Baker & Mckenzie acted as international counsel..The AZB team was led by Delhi Capital Markets Partner Madhurima Mukherjee along with Bangalore Partner Srinath Dasari, Senior Associate Agnik Bhattacharyya and Associates Namita Das, Reema Dash and Gautam Rego..The Baker & Mckenzie team was led by India Practice Head Ashok Lalwani..The operator of Cafe Coffee Day outlets plans to use Rs 632 crore to repay loans and the rest to open stores, manufacture vending machines and set up roasting facilities.