Your favorite CCD, joins the share market run

Leading coffee shop chain operator Coffee Day Enterprises has filed a draft application with capital market regulator Securities and Exchange Board of India for an initial public offering to raise about Rs 1,150 crore. The company, which runs one of India's largest coffee chains Café Coffee Day and counts for mer Infosys co-founder Nandan Nilekani among one of its shareholders, has submitted the Draft Red Herring Prospectus (DRHP) with Sebi to announce its intention to offer shares to the public. The move signals revival of the IPO pipeline and a return of faith among corporates to generate funds from the capital market.