The IPO of Varun Beverages is a book-built issuance worth Rs 1,112.50 crore. The issue is a completely new issue of 2.5 crore shares. The IPO bidding for Varun Beverages began on October 26, 2016 and closed on October 28, 2016. On Thursday, November 3, 2016, the allotment for the Varun Beverages IPO was completed. On November 8, 2016, the shares were listed on the BSE and NSE. The IPO price range for Varun Beverages is set at 440 to 445 per share. A lot size of 33 shares is required for an application. Retail investors must make a minimum investment of $14,685.
Varun Beverages Ltd., founded in 1995, is a franchisee of PepsiCo-owned carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) in India and globally. Among the CSDs produced and supplied by the company are Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Seven-Up Revive, and Evervess. The company also manufactures and distributes NCBs under the Tropicana Slice, Tropicana Frutz (Lychee, Apple, and Mango), and Nimbooz brands, as well as packaged drinking
water under the Aquafina brand. Furthermore, the corporation owns the franchise for PepsiCo’s Ole brand in Sri Lanka. They offer their products through distributors to retail outlets such as e-commerce, supermarkets, hypermarkets, convenience stores, bars, and restaurants, as well as grocery stores. As of April 30, 2016, they had 16 manufacturing facilities in India and five manufacturing units in their foreign licensed territories.
Competitive Strengths:
- Demonstrated ability to grow Sales Volumes
- Strategically located large and technologically advanced production capabilities
- A wide-spread and integrated sales and distribution network that ensures effective market penetration
- Significant markets with high growth potential
- Creating value through alignment with PepsiCo
Varun Beverages IPO Details
| IPO Date | October 26, 2016 to October 28, 2016 |
| Listing Date | November 8, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹440 to ₹445 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 25,000,000 shares (aggregating up to ₹1,112.50 Cr) |
| Fresh Issue | 25,000,000 shares (aggregating up to ₹1,112.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Varun Beverages IPO Timeline
| IPO Open Date | Wednesday, October 26, 2016 |
| IPO Close Date | Friday, October 28, 2016 |
| Basis of Allotment | Thursday, November 3, 2016 |
| Initiation of Refunds | Friday, November 4, 2016 |
| Credit of Shares to Demat | Monday, November 7, 2016 |
| Listing Date | Tuesday, November 8, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 28, 2016 |
Varun Beverages IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 4,900,000 (27.76%) | NA |
| NII (HNI) Shares Offered | 3,675,000 (20.82%) | |
| Retail Shares Offered | 8,575,000 (48.58%) | 259,848 |
| Employee Shares Offered | 500,000 (2.83%) | NA |
| Total Shares Offered | 17,650,000 (100%) |
Varun Beverages IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,685 |
| Retail (Max) | 13 | 429 | ₹190,905 |
Objects of the Issue (Varun Beverages IPO Objectives)
The object of the issue is to:
- 1. Prepayment or scheduled repayment of a portion of outstanding indebtedness availed by the Company; and
- 2. General corporate purposes
Varun Beverages IPO Listing Details
| Listing Date | November 8, 2016 |
| BSE Script Code | 540180 |
| NSE Symbol | VBL |
| ISIN | INE200M01013 |
| Final Issue Price | ₹445 per share |
Varun Beverages Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹445.00 | ₹445.00 |
| Open | ₹430.00 | ₹430.00 |
| Low | ₹417.10 | ₹416.85 |
| High | ₹471.00 | ₹471.75 |
| Last Trade | ₹461.90 | ₹459.50 |
Varun Beverages Ltd Contact Details
Varun Beverages Ltd
F – 2/7, Okhla Industrial Area,
Phase I
New Delhi – 110020
Phone: +91 11 41706720
Email: complianceofficer@rjcorp.in
Website: http://www.varunpepsi.com
Varun Beverages IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com
Varun Beverages IPO FAQs
Q1. What is the Varun Beverages IPO?
Ans. Varun Beverages IPO is a main-board IPO of 25,000,000 equity shares with a face value of ₹10, aggregating up to ₹1,112.50 crore. The issue is priced at ₹440 to ₹445 per share. The minimum order quantity is 33 shares. The IPO opens on October 26, 2016, and closes on October 28, 2016.
Q2. When Varun Beverages IPO will open?
Ans. The Varun Beverages IPO opens on October 26, 2016 and closes on October 28, 2016.
Q3. What is the lot size of Varun Beverages IPO?
Ans. Varun Beverages IPO lot size is 33 Shares, and the minimum amount required is ₹14,685.
Q4. When is Varun Beverages IPO listing date?
Ans. The Varun Beverages IPO listing date is on November 8, 2016.
