Varun Beverages lists at discount of 6.1 per cent

DSIJ Intelligence / 08 Nov 2016

Varun Beverages lists at discount of 6.1 per cent

Varun Beverages lists at Rs 418 with discount of 6.07 per cent against issue price of Rs 445. The share price of the company is trading at Rs 425.5 on intraday basis.

Varun Beverages lists at Rs 418 with discount of 6.07 per cent against issue price of Rs 445. The share price of the company is trading at Rs 425.5 on intraday basis. It has mopped up funds of Rs 1112 crore.

Varun Beverage had set Rs 440-445 per share range for its initial public offer (IPO). The shares reserved for QIBs received bids 4.94 times while the subscription of non-institutional investors came in at 42 per cent. The retail investor quota was subscribed 79 per cent.

Varun Beverages had filed for its offer document with Securities Exchanges of India (SEBI) in June. Kotak, Axis Capital, CLSA and Yes Securities are managing the IPO for Varun Beverages.

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