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    HomeNewsBusinessIPOVarun Beverages sets Rs 440-445/share range for IPO

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

    Varun Beverages is offering up to 25 million shares, comprising 15 million primary and the rest secondary shares, representing 13.7 percent of the expanded capital, the terms showed.

    October 20, 2016 / 08:20 IST

    Varun Beverages has set a price range of Rs 440-445 each for its planned initial public offering (IPO), which is targeting to raise between USD 165 million and USD 167 million, according to a term sheet of the deal obtained by IFR.

    Varun Beverages is offering up to 25 million shares, comprising 15 million primary and the rest secondary shares, representing 13.7 percent of the expanded capital, the terms showed.

    The company will have a market value of about USD 1.2 billion after the IPO, which will be open for subscription between October 26-28, the terms showed. The shares will start trading on or around November 8.

    first published: Oct 19, 2016 08:26 am

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