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Varun Beverages IPO is a book built issue of Rs 1,112.50 crores. The issue is entirely a fresh issue of 2.5 crore shares.
Varun Beverages IPO bidding started from October 26, 2016 and ended on October 28, 2016. The allotment for Varun Beverages IPO was finalized on Thursday, November 3, 2016. The shares got listed on BSE, NSE on November 8, 2016.
Varun Beverages IPO price band is set at ₹440 to ₹445 per share. The minimum lot size for an application is 33 Shares. The minimum amount of investment required by retail investors is ₹14,685.
Axis Capital Limited, Clsa India Private Limited, Kotak Mahindra Capital Company Limited and Yes Bank Limited are the book running lead managers of the Varun Beverages IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Varun Beverages IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 166,951,525 |
| Share holding post issue | 181,951,525 |
Varun Beverages IPO offers 17,650,000 shares. 4,900,000 (27.76%) to QIB, 3,675,000 (20.82%) to NII, 8,575,000 (48.58%) to RII, 500,000 (2.83%) to employees. 259,848 RIIs will receive minimum 33 shares and (sNII) and (bNII) will receive minimum 462 shares. (in case of oversubscription)
| 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 opens on October 26, 2016, and closes on October 28, 2016.
| 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 |
Investors can bid for a minimum of 33 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,685 |
| Retail (Max) | 13 | 429 | ₹190,905 |
| Lot Size Calculator | |||
Incorporated in 1995, 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. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.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.
Company also produces and distributes NCBs under the brands of Tropicana Slice; Tropicana Frutz (Lychee, Apple and Mango); and Nimbooz, as well as packaged drinking water under the brand Aquafina. In addition, the company has the franchise for Ole brand of PepsiCo products in Sri Lanka. Visit chittorgarh.com for more detail.They sells its products to retail outlets, including e-commerce, supermarkets, hypermarkets, convenience stores, bars, and restaurants, as well as to grocery stores through distributors. As of April 30, 2016, they operated 16 production facilities across India and five production facilities in their international licensed territories.
Competitive Strengths:
1. Demonstrated ability to grow Sales Volumes
2. Strategically located large and technologically advanced production capabilities
3. Wide spread and integrated sales and distribution network that ensures effective market penetration
4. Significant markets with high growth potential
5. Creating value through alignment with PepsiCo
| Particulars | For the year/period ended (in Rs. Million) | |||
|---|---|---|---|---|
| 31-Dec-15 | 31-Dec-14 | 31-Dec-13 | 31-Dec-12 | |
| Total Assets | 44,374.50 | 32,950.08 | 29,893.68 | 25,548.04 |
| Total Revenue | 34,084.30 | 25,170.96 | 21,325.03 | 18,441.90 |
| Profit After Tax (PAT) | 870.38 | (201.56) | (395.30) | 251.08 |
The object of the issue are to:
1. Prepayment or scheduled repayment of a portion of outstanding indebtedness availed by the Company; and
2. General corporate purposes.
[Dilip Davda] As issue is aggressively priced, only risk savvy cash surplus investors may consider investment for long term. Read detail review...
The Varun Beverages IPO is subscribed 1.86 times on October 28, 2016 5:00:00 PM. The public issue subscribed 0.82 times in the retail category, 4.94 times in the QIB category, and 0.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.94 |
| NII | 0.42 |
| Retail | 0.82 |
| Employee | 0.05 |
| Total | 1.86 |
| Listing Date | November 8, 2016 |
| BSE Script Code | 540180 |
| NSE Symbol | VBL |
| ISIN | INE200M01013 |
| Final Issue Price | ₹445 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹445.00 |
| ₹430.00 |
| ₹417.10 |
| ₹471.00 |
| ₹461.90 |
| NSE |
|---|
| ₹445.00 |
| ₹430.00 |
| ₹416.85 |
| ₹471.75 |
| ₹459.50 |
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Varun Beverages IPO is a main-board IPO of 25,000,000 equity shares of the face value of ₹10 aggregating up to ₹1,112.50 Crores. 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.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Varun Beverages IPO opens on October 26, 2016 and closes on October 28, 2016.
Varun Beverages IPO lot size is 33 Shares, and the minimum amount required is ₹14,685.
You can apply in Varun Beverages IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Varun Beverages IPO will be done on Thursday, November 3, 2016, and the allotted shares will be credited to your demat account by Monday, November 7, 2016. Check the Varun Beverages IPO allotment status.
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IPOANALYSIS| Link | Bookmark |November 17, 2016 1:08:58 AMPakistan stock market at all time high.
Indian stock market near 52 week low .
and you guys talk about growth of india