Varun Beverages IPO to open on October 26; Price band set at Rs 440-445

By: |
New Delhi | Updated: October 19, 2016 4:06:33 PM

Varun Beverages is going to hit capital markets on October 26 with an initial public offering (IPO) of up to 2.5 crore equity shares of face value of Rs 10 each at a price band of Rs 440-445 per share.

BSE Sensex, NSE Nifty, IPOVarun Beverages is going to hit capital markets on October 26 with an initial public offering (IPO) of up to 2.5 crore equity shares of face value of Rs 10 each at a price band of Rs 440-445 per share.

Varun Beverages is going to hit capital markets on October 26 with an initial public offering (IPO) of up to 2.5 crore equity shares of face value of Rs 10 each at a price band of Rs 440-445 per share. The public offer will close on October 28. Shares of the company are proposed to be listed on National Stock Exchange (NSE) and BSE Limited (BSE). The company is one of the largest franchisee in the world (outside USA) of carbonated soft drinks (CSD) and non-carbonated beverages (NCB) sold under trademarks owned by PepsiCo.

Kotak Mahindra Capital Company, Axis Capital and CLSA India are the global coordinators and book running lead managers to the issue. The book running lead manager to the Offer is YES Securities (India).

For the year ended December 31, 2015, the company reported a consolidated net profit of Rs 162.14 crore, against Rs 3.77 crore last year. The company reported a consolidated net loss of Rs 45.59 crore and net profit Rs 20.85 crore in the year 2013 and 2012, respectively.

PepsiCo CSD brands produced and sold by the company includes Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Seven-Up Revive and Evervess. PepsiCo NCB brands produced and sold by us include Tropicana Slice, Tropicana Frutz (Lychee, Apple and Mango), Nimbooz as well as packaged drinking water under the brand Aquafina. In addition, the company has also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition