Varroc Engineering Limited IPO

Varroc Engineering Limited

Issue Open

Jun 26, 2018

Price Band

₹ 965 - ₹ 967

Issue Size

₹ 1,945.77 Cr

Credit of Shares to Demat


Issue Close

Jun 28, 2018

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Book Built Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 1 Per Equity Share

Listing On

Jul 06, 2018



About the company:

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



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