Varun Beverages lists at 3% discount over issue price of Rs 445

 BT Online        Last Updated: November 8, 2016  | 16:34 IST
Varun Beverages lists at 3% discount over issue price of Rs 445

Varun Beverages, among PepsiCo's largest franchises, made its stock market debut on Tuesday.

The firm had set a price range of Rs 440 - Rs 445 per share. Its public issue was open during October 26-28.

The qualified institutional buyers' portion of the issue received bids 4.94 times while the subscription of non-institutional investors came in at 42 per cent. The retail investor quota was subscribed 79 per cent.

The stock listed below its issue price at Rs 445 per share and was trading at 452 level at 1138 hours on the BSE.

It ended the day at Rs 461 .90 level.

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