IPO: Varun Beverages Limited
Company & Business Profile
Varun Beverages Limited (“Varun Beverages”) was incorporated on June 16, 1995. Varun Beverages is one of the largest franchisee of Pepsico in the world (outside USA) of Carbonated Soft Drinks (“CSDs”) and Non-Carbonated Beverages (“NCBs”) sold under trademarks owned by PepsiCo.
The company is the strategic franchisee partner for PepsiCo in India and has over the years developed a significant and mutually beneficial business association with ongoing operational synergies.
The company produces and distributes a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands produced and sold by the company include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Seven-Up Revive and Evervess.
As of June 30, 2016, Varun Beverages operated 16 production facilities across India and 5 production facilities in their International Licensed Territories. They also have two facilities dedicated to backward integration located at Jaipur and Alwar.
Objects of the Issue
- Prepayment or scheduled repayment of a portion of outstanding indebtedness availed by the company.
- General corporate purposes.
Listing
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Apply in IPO now in ASBA mode, to apply call us at 0731-4217261.
