Varroc Engineering Limited IPO review
On 26th June 2018, Varroc Engineering Limited IPO will be open for subscription. The following content piece highlights the reviews and recommendations on Varroc Engineering IPO by market experts.
Varroc Engineering IPO Reviews by Experts
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Reviews by |
Reviewer Category |
Recommendations |
|
GEPL Capital |
Company |
NA |
|
Mehta Equities |
Company |
NA |
|
Dilip Davde |
Individual |
Subscribe for long term |
|
Capital Market |
Company |
May subscribe (45/100) |
|
ICICI Direct |
Company |
NA |
|
HDFC |
Company |
NA |
|
Centrum Broking |
Company |
Can subscribe |
|
Angel Broking |
Company |
Neutral |
|
Choice Broking |
Company |
Subscribe with Caution |
Varroc Engineering Limited was established in the year 1988. It is an automotive component group company among global tier-1 that directly supplies components to original equipment manufacturers (OEM). Besides this it also implements designing, manufacturing and supplying of polymer and plastics components, engine components, electronic - electrical components, precision metallic components and exterior lighting systems to traveler’s car, business vehicle, two-wheeler, three-wheeler and off highway vehicle (OHV) to OEMs universally.
Issue Detail:
Following are the IPO Key details of RITES Limited IPO:
- The IPO opens on 26 June 2018
- The IPO closes on 28 June
- Price Band: Rs 965 - Rs 967 Per Equity Share
- Issue Size : Rs 1,945.77 Cr
- No. of Shares on Offer: 20,121,730 Equity Shares
- Bid Lot:15 Shares
- Face Value : Rs 1 Per Equity Share
Objects of Varrac Engineering Limited IPO: The objectives of Varrac Engineering Limited IPO are:
- To leverage the benefits of listing on Stock Exchanges.
- To carry out offer to sale by existing share holders.
- General corporate expenses.
|
Varroc Engineering: Consolidated Financials |
||||||
|
|
1303(12) |
1403(12) |
1503(12) |
1603(12) |
1703(12) |
1803(12) |
|
Net Sales |
4210.24 |
6116.35 |
6769.99 |
7909.22 |
9298.79 |
10278.83 |
|
OPM (%) |
6.0% |
6.5% |
9.1% |
7.2% |
6.3% |
8.5% |
|
OP |
252.03 |
399.49 |
616.88 |
570.94 |
581.75 |
877.57 |
|
Other in. |
15.05 |
23.02 |
87.69 |
20.62 |
93.73 |
38.61 |
|
PBDIT |
267.08 |
422.51 |
704.57 |
591.56 |
675.48 |
916.18 |
|
Interest |
83.73 |
100.30 |
475.48 |
-42.65 |
90.40 |
86.17 |
|
PBDT |
183.35 |
322.22 |
229.09 |
634.22 |
585.08 |
830.01 |
|
Dep. |
179.00 |
238.00 |
253.97 |
292.25 |
337.08 |
386.47 |
|
PBT |
4.35 |
84.22 |
-24.88 |
341.97 |
248.00 |
443.54 |
|
EO |
0.00 |
0.00 |
51.75 |
0.00 |
0.00 |
0.00 |
|
PBT after EO |
4.35 |
84.22 |
26.87 |
341.97 |
248.00 |
443.54 |
|
Tax (including Deferred Tax) |
30.49 |
41.31 |
46.54 |
21.97 |
23.80 |
61.79 |
|
PAT |
-26.14 |
42.90 |
-19.67 |
320.00 |
224.20 |
381.75 |
|
Share of Associates |
0.00 |
0.00 |
36.48 |
49.83 |
79.19 |
69.03 |
|
MI |
-0.68 |
0.86 |
3.85 |
0.46 |
0.38 |
0.52 |
|
PAT after MI and share of Associates |
-25.46 |
42.04 |
12.96 |
369.37 |
303.01 |
450.26 |
|
EPS (Rs)* |
- |
3.1 |
1.0 |
27.4 |
22.5 |
33.4 |
|
*EPS is on post issue equity capital of Rs 13.48 crore of face value of Rs 1 each & Financials for FY 13 and FY 14 are as per IGAAP while rest of the financials are as per New Ind AS Figures in crore |
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