Varun entirely lapped up

The Rs 1,100-crore initial public offering (IPO) of Varun Beverages got full subscription on Thursday, a day before it closes on Friday. The company is a bottler for PepsiCo Inc and has set a price band of Rs 440-445 per share. The IPO is a mix of offer for sale by promoter Ravi Jaipuria and issue of fresh shares worth Rs 660 crore.