Varroc IPO
Varroc Engineering Limited IPO

Varroc Engineering Limited IPO (Varroc Engineering IPO)

Varroc Engineering Limited is a global automotive component group. Incorporated in 1988, Aurangabad based, Varroc Engineering directly supplies to original equipment manufacturers, making it a tier-1 company. ...Varroc is involved in the manufacturing and worldwide supply of exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger as well as commercial vehicles. These vehicles include two-wheeler, three-wheeler and off-highway vehicle. According to CRISIL research report 2017, Varroc Engineering is India’s second largest (by consolidated revenue) Auto Component group. Varroc is also a leading tier-1 manufacturer and supplier to Indian two-wheeler and three-wheeler Original Equipment Manufacturers. The company is promoted by Tarang Jain. read more

Varroc IPO Profile
Issue Open Date Jun 26, 2018
Issue Close Date Jun 28, 2018
Issue Size (Rs cr) 20,121,730 Eq Shares of Rs.1 (aggregating up to Rs.1,945.77 Cr)
Issue Price Rs.965 to Rs.967 Per Equity Share
Listing on BSE, NSE
Issue Type Book Built Issue IPO
Issue Lot Size 15
Minimum Lots 1
Maximum Lots 13
Retail Discount -
Employee Discount -
QIB atleast 4,024,346 Equity Share
NII atleast 3,018,260 Equity Share
EMP atleast 100,000 Equity Share
RII atleast 7,042,606 Equity Share
Book Value -
Face Value Rs1 Per Equity Share
Share Holding Patern

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IPO Over / Undersubcription
Date Issue Price Issue Size (Rs Cr) QIB NII RII EMP Total
Jul 20, 2018 965 - 967 1,945.77 Cr 9.15x 2.45x 0.84x 0.63x 3.54x
Varroc IPO Registerar and Lead Managers
Link Intime India Private Ltd
Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083
  • - Citigroup Global Markets India Private Limited
  • - Credit Suisse Securities (India) Private Limited
  • - IIFL Holdings Limited
  • - Kotak Mahindra Capital Company Limited
Company Services
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