Thursday, October 20, 2016

Varun Beverages IPO to open on Oct 26th

Varun Beverages Ltd is entering in the capital markets with an initial public offering, IPO of 25,000,000 Equity Shares of Rs 10. The price band for the issue has been fixed at Rs 440 at lower level and Rs 445 at upper level.

Varun Beverages Ltd is franchisee of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo in India and internationally. The company produces and distributes a range of CSDs under the brands of Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Seven-Up Revive, and Evervess.

The issue opens on Oct 26, 2016 and closes for subscription on Oct 28, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).