The stock listed at Rs 430, down 3.37 per cent, as compared to the issue price on BSE. It later touched the day's low at Rs 417.10, a fall of 6.26 per cent.
On NSE, shares of the company debuted at Rs 430, a loss of 3.37 per cent.
The company commands a market valuation of Rs 8,150.52 crore.
It had fixed the price band at Rs 440-445 per share.
The Rs 1,112.50-crore IPO of Varun Beverages was subscribed 1.86 times.
The issue was managed by Kotak Mahindra Capital Company, Axis Capital, CLSA India and YES Securities (India) Ltd.
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