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You are here: IndiaNotes >> Research & Analysis >> IPOs >> Overview

Varun Beverages IPO

Industry: Beverages - Non-Alcoholic | Prospectus

What Are Analysts Saying?

Varun Beverages IPO Receives Tepid Demand on the Closing Day
Dynamic Equities Pvt Ltd, 01 Nov 2016
Varun Beverages launched its initial share sale on Wednesday. The IPO closed on 28 October. Though getting fully subscribed on day 2, the initial public offering of Varun Beverages faced dull demand in the bidding process on Friday.

Varun Beverages IPO fetches Good Response
Dynamic Equities Pvt Ltd, 27 Oct 2016
Varun Beverages, PepsiCo\'s largest franchise bottlers, kicked off the capital market on Wednesday with its Rs.1,100 crore IPO. Gurgaon-based company has kept the price band of its IPO at Rs. 440-445. Investors can subscribe the IPO in lot sizes of 33 shares.

Varun Beverages IPO: Hem Securities recommend investors to 'Avoid'
Hem Securities, 26 Oct 2016
Company has failed to show consistency in its financial performance, as in CY\'13 & CY\'14, it has posted losses while in CY\'15 it has posted profits. Due to unstable financials & seasonal nature of business, the company is not expected to show strength in its financial performance.

Issue Details

Open Date: 26 Oct 16 Min Application Amount: Rs. 33
Close Date: 28 Oct 16 Min bid (No. of shares): 14520
Offer Price: Rs. 440 Issue Size: Rs. 1112.50 Cr
Listing Exchanges: BSE, NSE Issue Size (Shares): 25000000

About the Company

"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."

Objective of the Issue

"Objects of the Issue:

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."