Coffee Day Enterprises allots 1.038 crore equity shares to 17 anchor investors

MUMBAI: Coffee Day Enterprises has allotted 1.038 crore equity shares at Rs 322 per share aggregating Rs 334.27 crore to 17 anchor investors including 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. The IPO opens on Wednesday, October 14, with a price band ofRs 316 to Rs 328 per share. Coffee Day Enterprises is aiming to raise Rs 1,150 crore share through the IPO. Bennett, Coleman and Company Limited, which publishes The Economic Times and The Times of India, holds 1.17% of the pre-issue paid-up equity capital of Coffee Day Enterprises.