Varun Beverages IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 26/10 - 28/10
Issue Size ₹1112.50 Cr
Issue Price ₹440 - 445
Market Lot 33 Shares
Shares on Offer 25,000,000
Registrar
GMP ₹20 - 22
Kostak ₹400 - 450
Subject to Sauda N/A
Listing Date 08-Nov
Listing Price ₹430
Listing Gain% -3.37

About Varun Beverages Ltd IPO

Varun Beverages Ltd are 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. Varun Beverages Ltd produces and distribute a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands produced and sold by us include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Seven-Up Revive, Evervess Soda. PepsiCo NCB brands produced and sold by us include Tropicana Slice, Tropicana Frutz (Lychee, Apple and Mango), Seven-Up Nimbooz as well as packaged drinking water under the brand Aquafina. In addition, Varun Beverages Ltd has also been granted the franchise for Ole brand of PepsiCo products in Sri Lanka.

Varun Beverages Ltd has been associated with PepsiCo since the 1990s and has over two and half decades consolidated business association with PepsiCo, increasing the number of PepsiCo licensed territories and sub-territories covered by them, producing and distributing a wider range of PepsiCo beverages, introducing various SKUs in the portfolio, and expanding the distribution network. As of March 31, 2016, Varun Beverages Ltd has been granted franchises for various PepsiCo products spread across 17 States and two Union Territories in India. Varun Beverages Ltd's share of PepsiCo beverages volume sales ,based on sales to end customers, increased from 26.46% in Fiscal 2011 to 44.12% in Fiscal 2015, computed on basis of our Sales Volume and Euromonitor Report data on PepsiCo sales volumes in India. Although, India is the largest market, Varun Beverages Ltd has also been granted the franchise for various PepsiCo products for the territories of Nepal, Sri Lanka, Morocco, Mozambique and Zambia. In addition, they are in the process of setting up greenfield facility in Zimbabwe in anticipation of franchise rights being granted by PepsiCo Inc. for such territory.

As of April 30, 2016, Varun Beverages Ltd operated 16 production facilities across India and five production facilities in the international licensed territories. In addition, Varun Beverages Ltd has set up backward integration facilities for production of preforms, crowns, corrugated boxes, plastic crates and shrink-wrap films in certain of our production facilities to ensure operational efficiencies and quality standards.

Varun Beverages Ltd is part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quick-service restaurants,dairy and healthcare. The Promoter and Chairman Mr. Ravi Kant Jaipuria has an established reputation as an entrepreneur and business leader and is the only Indian to receive PepsiCo's International Bottler of the Year award, which was awarded in 1997.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 44,374.50 32,950.08 29,893.68 25,548.04
Total Revenue (In ₹ Millions) 34,084.30 25,170.96 21,325.03 18,441.90
Profit After Tax (PAT) (In ₹ Millions) 870.38 -201.56 -395.30 251.08

Varun Beverages Ltd IPO IPO Reviews

  • Rating: 
  • Recommendation:
  • Varun Beverages IPO is not fully subscribed.
  • Varun Beverages IPO is subscribed only 34% on Day 1.
  • Varun Beverages IPO's GMP is down to Rs.20-22, please avoid this issue.
  • Varun Beverages IPO is rated as 'No' for subscribe by our website.
  • Varun Beverages IPO is RS.38-40.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - Oct 26,2016 0.88 0.18 0.11 0.34
Day 2 - Oct 27,2016 2.95 0.21 0.31 1.01
Day 3 - Oct 28,2016 4.94 0.42 0.82 1.86

Allotment Status

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IPO Allotment Status

Varun Beverages Ltd IPO IPO FAQs

  1. When will Varun Beverages Ltd IPO IPO open?

    Varun Beverages Ltd IPO IPO will open on 26/10 and close on 28/10.

  2. What is the listing date of Varun Beverages Ltd IPO IPO?

    Varun Beverages Ltd IPO IPO will list on 08-Nov.

  3. What is the offer price of Varun Beverages Ltd IPO IPO?

    The offer price of Varun Beverages Ltd IPO IPO is ₹440 - 445.

  4. What is the lot size of Varun Beverages Ltd IPO IPO?

    The lot size of Varun Beverages Ltd IPO IPO is 33.

  5. What is the Grey Market Premium (GMP) price of Varun Beverages Ltd IPO IPO?

    The Grey Market Premium (GMP) price of Varun Beverages Ltd IPO IPO is ₹20 - 22.

  6. What is the Kostak price of Varun Beverages Ltd IPO IPO?

    The Kostak price of Varun Beverages Ltd IPO IPO is ₹400 - 450.

  7. What is the Subject to Sauda price for Varun Beverages Ltd IPO IPO?

    The Subject to Sauda price for Varun Beverages Ltd IPO IPO is Not Available at the moment.

Varun Beverages Ltd IPO IPO Review/Comments

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