The Varroc Engineering date has been confirmed from June 26, 2018 and ended on June 28, 2018. Read the post to learn about Varroc Engineering IPO GMP.
Varroc Engineering Developers IPO is a fixed price issue of Rs 1,945.77 crores. The price band is set at ₹965 to ₹967 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹14,505.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Varroc Engineering IPO:
Bidding Dates
June 26-28
Price Range
₹965 to ₹967
Face Value
₹1 per share
GMP
₹566.80
Varroc Engineering IPO GMP
The Varroc Engineering IPO GMP is ₹566.80.
IPO Overview
Varroc Engineering IPO is a Rs 1,945.77 crore book-built issuance. The IPO bidding for Varroc Engineering began on June 26, 2018, and closed on June 28, 2018. Varroc Engineering IPO GMP Today is ₹566.80. Varroc Engineering IPO allotment was completed on Tuesday, July 3, 2018. On July 6, 2018, the shares were listed on the BSE and NSE. The pricing range for Varroc Engineering’s IPO is ₹965 to ₹967 per share. An application requires a minimum lot size of 15 Shares. Retail investors must make a minimum investment of ₹14,505.
Varroc Engineering has 36 manufacturing locales distributed across seven countries, with six for the Global Lighting Business, 25 for the India Business, and five for the Other Businesses. As of December 31, 2017, the company’s Global Lighting Business employed roughly 900 masterminds across nine R&D centres in the Czech Republic, India, China( via its China common adventure), Mexico, Germany, and the United States of America. It has a new R&D installation in Poland that began operations in 2018. As of December 31, 2017, the Global Lighting Business possessed 184 patents.
Varroc Engineering IPO Details
| IPO Date | June 26, 2018 to June 28, 2018 |
| Listing Date | July 6, 2018 |
| Face Value | ₹1 per share |
| Price Band | ₹965 to ₹967 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 20,121,730 shares (aggregating up to ₹1,945.77 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Varroc Engineering Company Financials
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |||
| Total Assets | 68,523.92 | 58,603.80 | 52,458.55 | 44,284.68 | ||
| Total Revenue | 104,170.67 | 97,022.69 | 82,395.20 | 70,384.64 | ||
| Profit After Tax | 4,507.77 | 3,033.89 | 3,698.23 | 168.09 | ||
Varroc Engineering IPO Timeline
| IPO Open Date | Tuesday, June 26, 2018 |
| IPO Close Date | Thursday, June 28, 2018 |
| Basis of Allotment | Tuesday, July 3, 2018 |
| Initiation of Refunds | Wednesday, July 4, 2018 |
| Credit of Shares to Demat | Thursday, July 5, 2018 |
| Listing Date | Friday, July 6, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 28, 2018 |
Company Profile
Varroc Engineering Limited, positioned in Aurangabad, was innovated in 1988 and is a global league-1( league-1 enterprises are companies that directly supply original outfit manufacturers( “ OEMs ”)) automotive element group. It directly designs, manufactures, and sells surface lighting systems, plastic and polymer factors, electrical-electronic factors, and perfection metallic factors to passenger autos, marketable vehicles, two-wheeler, three-wheeler, and off-trace vehicle( “ OHV ”) OEMs across the world. According to CRISIL Research, the company is the second largest Indian bus
element group( by consolidated profit for FY2017) and a leading league- 1 patron and supplier to Indian two-wheeler and three-wheeler OEMs( by consolidated profit for FY2017). It’s also the world’s sixth-largest manufacturer of external vehicle lighting and one of the top three independent surface lighting providers( by request share in 2016).
Varroc provides end-to-end capabilities in design, R&D, engineering, testing, manufacturing, and the force of a wide range of goods. It has two primary business lines( i) the design, manufacture, and force of surface lighting systems to passenger auto OEMs worldwide( “ Global Lighting Business ”), which it does through its VLS group accessories, and( ii) the design, manufacture, and force of a wide range of bus factors in India( “ India Business ”), primarily to two- wheeler and three- wheeler OEMs, including exports.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Varroc Engineering Limited |
| Phone number | +91 240 6653 700/6653 699 |
| Email ID | [email protected] |
| Website | varrocgroup.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Varroc Engineering IPO FAQs
When Varroc Engineering IPO will open?
The Varroc Engineering IPO opens on June 26, 2018 and closes on June 28, 2018.
What is the lot size of Varroc Engineering IPO?
Varroc Engineering IPO lot size is 15 Shares, and the minimum amount required is ₹14,505.
When is Varroc Engineering IPO allotment?
The finalization of Basis of Allotment for Varroc Engineering IPO will be done on Tuesday, July 3, 2018, and the allotted shares will be credited to your demat account by Thursday, July 5, 2018.
When is Varroc Engineering IPO listing date?
The Varroc Engineering IPO listing date is on July 6, 2018.
Leave a Reply