Sources said Varun Beverages expects to raise more than Rs 1,000 crore through the IPO
Seven banks will manage the Rs 1,200 crore IPO
Offer size could vary from Rs 1,200 crore to Rs 2,000 crore
Price band for the IPO is Rs 850-860 per share
PNB Investment Services Limited and Ambit Private Ltd are the book running lead managers to the issue
Lists at Rs 274 on the National Stock Exchange (NSE), a 22 per cent premium over its issue price of Rs 225
The listing price is a 22 % premium to issue price of Rs 225 a share
A bunch of these entities with investments of Rs 6,600 crore over a decade are eager to book returns
Robust appetite from rich investors has driven down financing costs to as low as 5%
RBL Bank will get around Rs 830 crore from the IPO, which it will use to augment its tier-I capital to help fuel future growth
Citi, JM, Kotak, Morgan Stanley selected as lead bankers
The retail portion of the IPO has already been subscribed 3.25 times
It is selling new shares in a price band of Rs 224 to Rs 225 per share to raise up to Rs 833 crore to boost its capital base
It is very likely that the bank's IPO will sail through if the pricing is right and promoters leave something on the table for new investors
The lender allotted 161.7 mn shares at Rs 225 apiece to investors
Shares are commanding 20% premium
NSE too invites final pitches from merchant bankers
The shares touched a high of Rs 305 on BSE, up 13.8% over its IPO price of Rs 268 apiece, before closing at Rs 295
The stock closed at Rs 252, compared to the initial public offer price of Rs 219
Employees likely to net around Rs 1,400 cr from ESOPs