Varroc Engineering Limited IPO

Add to Calendar 2018-06-26 12:00 AM 2018-06-28 12:00 AM Asia/Kolkata Varroc Engineering Limited IPO Varroc Engineering Limited India

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.

Date of Establishment: Varroc Engineering Limited was incorporated in the year 1988 by having its headquarters situated in Aurangabad. 

Promoter of Varroc Engineering Limited: The promoter of Varroc Engineering Limited is Tarang Jain.

Products and services offering: It offers diversified products components across various segments mainly:

- Polymer and Plastic - In polymer and plastic components segment it body assembling parts, seat assembling         parts, mirrors and air filters among others.
- Electronic - In electronic – electrical component segments it offers regulators and rectifiers, starter motors,         instrument clusters, capacitor discharge ignition systems, wiper motors, catalytic converters among others.
- Engine - In engine valve segment it offers cylinder piston configuration engine valves.
- Lightning - In lightning components segment it offers lighting and signaling devices.

Customer Segments: Varroc Engineering Limited serves automotive components industry. Varroc Engineering Limited has a diversified customer segments spread globally among 12 countries across 3 continents which consists popular countries namely USA, Germany, Vietnam, China, India and Italy among others.

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.

Company Financials:

Particulars For the year/period ended (in Rs. Million)
  31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 65,105.41 58,603.80 52,458.55 44,284.68
Total Revenue 74,154.21 97,022.69 82,395.20 70,384.64
Profit After Tax 3,079.59 3,033.89 3,698.23 168.09


Issue Detail

  • Issue Open: Jun 26, 2018
  • Issue Close: Jun 28, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 1 Per Equity Share
  • Price Band: Rs 965 - Rs 967 Per Equity Share
  • Bid Lot:15 Shares
  • Minimum Order Quantity:15 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 1,945.77 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 4,024,346 3,018,260 7,042,606 100,000 - 14,185,212
Day 1 - Jun 26, 2018IST 1.0376 0.0063 0.0580 0.0967 - 0.3284
Day 2 - Jun 27, 2018IST 3.1776 0.0388 0.2235 0.3419 - 1.0195
Day 3 - Jun 28, 2018IST 9.1529 2.4519 0.8429 0.6267 - 3.5416

Listing Day Trading Information

Issue Price Rs 967.00 Rs 967
Open Rs 1032.00 Rs 1015.00
Low Rs 1000.00 Rs 1000.00
High Rs 1062.00 Rs 1061.65
Last Trade Rs 1040.55 Rs 1037.35
Volume 2,275,292 14,543,041

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