Varun Beverages sets Rs 440-445 per share range for IPO

India Infoline News Service | Mumbai | October 19, 2016 14:41 IST

The company is offering up to 25 million shares, comprising 15 million primary and the rest secondary shares, representing 13.7% of the expanded capital.

IPO
Varun Beverages Ltd has set a price range of Rs 440 - Rs 445 per share for its planned IPO, which is targeting to raise between $165 million and $167 million, as per media reports. The shares will start trading on or around November 8.

The company will have a market value of about $1.2 billion after the IPO, which will be open for subscription between October 26-28.

The company is offering up to 25 million shares, comprising 15 million primary and the rest secondary shares, representing 13.7% of the expanded capital.

Varun Beverages is the one of the largest franchisee in the world (outside US) of carbonated soft drinks (“CSDs”) and non-carbonated beverages (“NCBs”) sold under trademarks owned by PepsiCo.
 

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