Varun Beverages IPO Allotment status, Listing Date & Price – Details & Review
Varun Beverages has announced its Rs 1100 crore IPO. Varun Beverages is franchisee of PepsiCo in India and internationally.
Issue Details of Varun Beverages IPO:
IPO Open : 26th to 28th Oct 2016
Issue Price band: Rs 440 - 445
Issue Size: Rs 1100 crore
Market lot : 33 shares or multiples
Max shares for Retail: 429
Book Running Lead Managers : Axis, Kotak
Registrar –
Listing: BSE/NSE
Grey market premium - The listing is not expected to by hugely over-subscribed with subscription to 1 to 1.5 times. The Grey market premium is Rs 5-10 and some brokers are offering between Rs 300 - 600 for the forms / kostak. (These are just indicative values)
Varun Beverages IPO Issue Allocation
Qualified institutional buyers (QIBs) – 50 % of the total issue size.
Non-i...