Samco securities limited

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

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