Cafe Coffee Day planning $180 million IPO

India’s biggest home-grown coffee chain, Cafe Coffee Day, files papers with regulators for Rs. 11.5 billion ($ 180.8 million) initial public offering, two bankers familiar with the filing told Reuters.

The application process with the Securities and Exchange Board of India ( SEBI) could take two to three months, the bankers said, adding they expected the coffee chain to list within one to two months after that approval.

Kotak Mahindra Bank, Morgan Stanley, and Citigroup were among the underwriters for the IPO, the bankers said.

(image credits: consumerstrategist.com)