Varun Beverages IPO
Varun Beverages Limited (VBL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 08 November 2016.
Listed 8 Nov
Subscribed 1.86x
Listing gain -3.4%
Issue details
Price band
₹440–445
Issue price
₹445
Lot size
—
Min. retail bid
—
Issue size
₹1,112 Cr
Face value
₹10
Bidding
26 Oct – 28 Oct 2016
Listing
08 Nov 2016
Retail quota
35%
Registrar
Karvy Computershare Private Limited
Listing day
Listed at
₹430
-3.4% vs issue price ₹445
Day's high
₹472
+6.0% · low ₹417 (-6.3%)
Day's close
₹460
+3.3% · traded ₹812 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 49,00,000 | 2,41,84,941 | 4.94x | |
| NII (HNI) total | 36,75,000 | 15,33,840 | 0.42x | |
| Retail | 85,75,000 | 70,20,486 | 0.82x | |
| Employees | 5,00,000 | 26,565 | 0.05x | |
| Total | 1,76,50,000 | 3,27,65,832 | 1.86x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 19% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Varun Beverages's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
| S.P. ApparelsAug 2016 | 2.21x | 5.10x | 1.90x | 2.66x | ₹254 Cr | +2.6% | +7.7% |
| Mahanagar GasJun 2016 | — | — | — | — | — | +28.3% | +30.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| CLSA India | 10 | +23.5% | 70% |
| YES Securities (India) | 6 | +28.6% | 83% |
Offer documents (NSE)
Frequently asked
What is the Varun Beverages IPO price band and lot size? ₹440–445 per share.
How many times has it been subscribed? 1.86x overall: QIB 4.94x, NII 0.42x, retail 0.82x, employees 0.05x.
How did it list? It opened at ₹430, -3.4% against the issue price of ₹445, and closed its first day +3.3%.
Other IPOs of 2016
Laurus LabsSheela FoamGreenSignal Bio PharmaEndurance TechnologiesHPL Electric and PowerGNA AxlesL&T Technology ServicesRBL Bank
All 2016 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
