Coffee Day IPO gets 10% on Day 1

The initial public offering of Café Coffee Day Enterprises witnessed just 10 per cent subscription on the first day of the issue, according to information on the exchanges. The IPO, which closes on Friday, received bids for 26.7 lakh shares against 2.581 crore shares on offer. Café Coffee Day had allotted 1.038 crore shares to 17 anchor investors at ₹322 a share on Tuesday against the IPO price band of ₹316-328 a share.