Varroc Engineering LtdVarroc Engineering will launch its IPO soon in the market to get listed on both of the exchange i.e. the National Stock Exchange and Bombay Stock Exchange soon. The investors can fetch all the relevant information like Price Band and Dates, Company Profile, Allotment Status, Listing Dates and others. The IPO will list as on June 26 ,2018 with a price band of Rs. 965-Rs. 967 per equity share. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The lot size for applying the IPO is set for 15 shares. One can apply for this IPO through ASBA i.e. Application supported by Blocked amount only. The retail segment can apply maximum application amount of Rs. 2 lacs of the issue.

Company profile:-

The Company was incorporated on May 11,1988 in Mumbai, India. Varroc Engineering is one of global Tier-1 company which is engaged to direct supply to original equipment manufacturers (“OEMs”)) automotive component group. It designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to the passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle (“OHV”) OEMs directly worldwide.
The company has started its business in 1990 with a set up of electronic division and metallic division in India. Further, the firm has expanded its business through various investments, Joint ventures and acquisitions. It has also expanded its manufacturing and R&D footprint by investing in 9 manufacturing plants and an additional R&D center in India since 2012. The company has progressed to set up one manufacturing facility in Brazil and one manufacturing facility in Morocco along with two manufacturing facilities in India.

The company works and manages 36 manufacturing facilities across 7 countries where six facilities are set for Global Lighting Business and 25 facilities for India Business and five for Other Businesses.

Outlook of the Firm:-

  1. Strong presence in key markets along with competitive capabilities;
  2. Maintain a strong relationship and trust with its existing customers;
  3. Diversified product offerings;
  4. Low cost, strategically located manufacturing and design footprint;
  5. Focus towards Innovation with its technology and R&D capabilities;
  6. Maintain regular growth and operational and financial efficiency;

Objects Of The Issue:-

The objects of the issue are mentioned below:-

  • To get the advantage of listing the Equity Shares on the Stock Exchanges;
  • To carry out the Offer for Sale by Selling Shareholders.
  • To enhance its visibility and brand image and provide liquidity to its Shareholders.

Summary Of Issue:

Issue Open:- June 26 , 2018- June 28, 2018
Issue Type Book Built Issue IPO
Issue Size (Shares)  20,121,730 Equity Shares of Rs. 1 aggregating up to Rs. 1,945.77 Crore
Issue Size in (Value) Rs.1945.77 Crore
Face Value Rs.15 Per Equity Share
Issue Price Rs.965 – Rs.967 Per Equity Shares
Market lots 15 Shares
 Minimum Order Quantity 15 Shares
Listing At BSE, NSE

 

Varroc Engineering IPO Subscription Details

Sr.No. Category No. of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs)  4024346 36854145 9.16
2 Non Institutional Investors (NIIs)  3018260 7406715 2.45
3 Retail Individual Investors (RIIs)  7042606 6659190 0.95
 4  Employees  100000 64530 0.65
  Total  14185212 50984580 3.59

Updated as on 28th Jun 2018 at 05:00 pm


Get Upcoming IPO Notification on your mobile, Download our App

Elite-Investors-app


Important dates for Varroc Engineering IPO Allotment Status

Varroc Engineering Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

  • The Allotment date for Varroc Engineering IPO issue is expected on July 03, 2018.
  • The amount will get unblocked on July 04, 2018
  • The Shares are expected to credit in DP accounts on July 04, 2018
  • The Shares of Varroc Engineering Limited is likely to get listed on July 05, 2018 on both BSE and NSE.

 


Get Stock Market Recommendation By Our Research Analysts Starting Just Rs. 2000/-

stock-market-calls


 

How to check Varroc Engineering IPO Allotment Status

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Your IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Varroc Engineering IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.

 


Download “Varroc Engineering Limited” IPO Application Form

From BSE: click here

From NSE: click here


Open Your Demat Account to Invest in Upcoming IPO’s

fantastic-five-account


Promoters Of the Company:-

Tarang Jain

Financials:- (Consolidated)

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-17 31-Mar-16 31-Mar-15
Total Equity And Liabilities 58603.80 52458.55 44284.68
Total Revenue 97022.69 82395.20 70384.64
Total Expenses 94542.64 78975.49 70633.42
Profit After Tax (PAT) 3033.89 3698.23 168.09



Book Running Lead Managers Details:-

1) Kotak Mahindra Capital Company Limited

1st Floor, 27 BKC, Plot No. 27,

G Block Bandra Kurla Complex, Bandra (East)

Mumbai 400 051

Tel: +91 22 4336 0000

Fax: +91 22 6713 2447

E-mail: varroc.ipo@kotak.com

Investor grievance e-mail: kmccredressal@kotak.com

Contact Person: Ganesh Rane

Website: www.investmentbank.kotak.com

SEBI Registration No.: INM000008704

 

2) Citigroup Global Markets India Private Limited

1202, 12th Floor, First International Financial Centre,

G-Block, C54&55 Bandra Kurla Complex, Bandra (East),

Mumbai 400 098

Tel: +91 22 6175 9999

Fax: +91 22 6175 9898

Email: varroc.ipo@citi.com

Investor Grievance E-mail: investors.cgmib@citi.com

Contact Person: Ashish Guneta

Website:www.online.citibank.co.in/rhtm/c itigroupglobalscreen

SEBI Registration No: INM000010718

 

3) Credit Suisse Securities (India) Private Limited

Ceejay House, 9th Floor, Plot F,

Shivsagar Estate, Dr. Annie Besant Road, Worli

Mumbai 400 018

Tel: +91 22 6777 3914

Fax: +91 22 6777 3820

E-mail: list.varrocipo@credit-suisse.com

Investor grievance e-mail: list.igcellmerbnkg@credit-suisse.com

Contact Person: Ashish Khullar

Website: www.creditsuisse.com/in/en/investmentbanking/regional-presence/asiapacific/india/ipo.html

SEBI Registration No.: INM000011161

 

4) IIFL Holdings Limited 10th Floor,

IIFL Centre Kamala City,

Senapati Bapat Marg Lower Parel (West),

Mumbai 400 013

Tel: +91 22 4646 4600

Fax: +91 22 2493 1073

E-mail: varroc.ipo@iiflcap.com

Investor grievance e-mail: ig.ib@iiflcap.com

Contact Person: Pranay Doshi

Website: www.iiflcap.com

SEBI Registration No.: INM000010940

 

Registrar to the offer:-

Link Intime India Private Limited

C-101, 1st floor, 247 Park,

L B S Marg Vikhroli West,

Mumbai 400 083

Tel: +91 22 4918 6200

Fax: +91 22 4918 6195

E-mail: varroc.ipo@linkintime.co.in

Investor grievance e-mail: varroc.ipo@linkintime.co.in

Contact Person: Shanti Gopalkrishnan

Website: www.linkintime.co.in

SEBI Registration No.: INR000004058

 

 

Registered Office Details:- 

L-4, MIDC Area, Waluj, Aurangabad 431 136,

Tel: +91 240 6653 700/6653 699,

Fax: +91 240 2564 540

Contact Person: Rakesh Darji,

Company Secretary and Compliance Officer; Tel: +91 240 6653 662;

Fax: +91 240 2564 540

E-mail: investors@varroc.com;

Website: www.varrocgroup.com

 


To Invest in IPO, Submit Your Details Below: