CAM, AZB, Squires on $166m Varun Beverages IPO

Monday, 7 November 2016 By Prachi Shrivastava Capital Markets

“The Rs 1,112.50-crore IPO of Varun Beverages was subscribed 1.86 times at a price band of Rs 440-445. The public issue was open during October 26-28.” reported the Economic Times.

AZB & Partners head of capital markets partner Madhurima Mukherjee and partner Agnik Bhattacharya, senior associate Namita Das and associate Nabil Shadab and Prashant Kumar acted as the Indian advisors to the underwriters.

Cyril Amarchand Mangaldas partner Gokul Rajan, principal associate Anuj Pethia and senior associates Jyoti Bharadwaj and Prashant Roy acted for Varun Beverages.

Squire Patton Boggs US securities partner and co-head of India practice Biswajit Chatterjee, assisted by senior associates Kaustubh George and Salil Rajadhyaksha and associates Gowri Reghuvaran, Isha Malhotra and Anandee Banerji acted for the global coordinators and underwriters Kotak Mahindra Company, Axis Capital, CLSA India and Yes Securities (India).

Squire Patton BoggsAZB & PartnersCyril Amarchand Mangaldas

Comments

What! 7 Nov 2016, 16:09
+2 -0
Its $165 million not $450 million..
Come on LI! 7 Nov 2016, 17:06
+3 -0
What horrid deal reporting! is it one IPO or two? CAM was not involved in both deals.
Really? 7 Nov 2016, 18:11
+3 -0
Very inaccurate reporting regarding people staffed on this deal
KW 8 Nov 2016, 03:53
+0 -0
Agreed
kianganz 7 Nov 2016, 18:18
+0 -2
Hi, sorry for the incorrect reference and value. The deal being reported was Varun Beverages, not PNB, and the value was incorrectly taken from a press report that conflated both.

Many thanks for pointing out!
MIA 7 Nov 2016, 17:55
+4 -1
Where's Yash? Running off to NY to run the marathon?
Ever? 7 Nov 2016, 18:55
+2 -0
Does AZB ever get to represent the issuer in IPOs? Each time they act as counsel to the underwriters, AZB associates celebrates so pompously, SMH.
Commenting is closed for this article.