Varun Beverages Ltd IPO (Varun Beverages IPO)
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.
Competitive Strengths:
1. Demonstrated ability to grow Sales Volumes
2. Strategically located large and technologically advanced production capabilities
3. Wide spread and integrated sales and distribution
network that ensures effective market penetration
4. Significant markets with high growth potential
5. Creating value through alignment with PepsiCo
Company Promoters
The promoters of the company are:
1. RJ Corp Ltd
2. Ravi Kant Jaipuria
3. Varun Jaipuria
4. Ravi Kant Jaipuria & Sons (HUF)
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.
Issue Detail
»» Issue Open: Oct 26, 2016 - Oct 28, 2016
»» Issue Type: Book Built Issue IPO
»» Issue Size: 25,000,000 Equity Shares of Rs 10
aggregating up to Rs 1,112.50 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs. 440 - Rs. 445 Per Equity Share
»» Market Lot: 33 Shares
»» Minimum Order Quantity: 33 Shares
»» Listing At: BSE, NSE
An indicative time table in respect of the Offer
Bid/Offer Opens On: October 26, 2016
Bid/Offer Closes On: October 28, 2016
Finalisation of Basis of Allotment: On or about November 03, 2016
Initiation of refunds: On or about November 04, 2016
Credit of Equity Shares to demat accounts: November 07, 2016
Commencement of trading of the Equity Shares: November 08, 2016
