Friday, October 28, 2016

VARUN BEVERAGES IPO FAILS RETAIL TEST, EMPLOYEES HAVE NO CONFIDENCE

Varun beverages IPO which closed for subscription today, manages to get one time. 

However, the IPO has failed the retail test. The retail portion has been subscribed only to the extent of 82% of the shares allotted. Employees portion has been subscribed only 5%. 

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