Varroc Engineering Limited IPO
Varroc Engineering Limited IPO is priced at ₹965–₹967 per share with an issue size of Offer for Sale of 2,02,21,730 Equity Shares of Rs 1 each at prince of Rs 965/- to Rs 967/- aggregating up to Rs 1955.44 Cr. The IPO opens on Jun 26, 2018 and closes on Jun 28, 2018, with a lot size of 15 shares and a minimum investment of ₹14,505.
Varroc Engineering Limited IPO
- IPO Dates
- Jun 26, 2018 – Jun 28, 2018
- Price band
- ₹965 - 967 per equity share
- Minimum Investment
- ₹14,505
- Issue size
- Offer for Sale of 2,02,21,730 Equity Shares of Rs 1 each at prince of Rs 965/- to Rs 967/- aggregating up to Rs 1955.44 Cr
- Lot size
- 15
- Allotment Date
- Jul 4, 2018
- Listing
- Jul 6, 2018
- Listing At
- NSE, BSE ( B - Group )
IPO timeline
-
Jun 26, 2018
Open Date
Completed
-
Jun 28, 2018
Close Date
Completed
-
Jul 4, 2018
Allotment Date
Completed
-
Jul 6, 2018
Listing Date
Completed
Varroc Engineering Limited IPO Essentials
Varroc Engineering Limited IPO Details
Varroc Engineering Limited IPO is priced at ₹965 - 967 per share with a total issue size of Offer for Sale of 2,02,21,730 Equity Shares of Rs 1 each at prince of Rs 965/- to Rs 967/- aggregating up to Rs 1955.44 Cr. The IPO has a lot size of 15 shares and will be listed on BSE and NSE.
- Issue price
- Rs 965/- to Rs 967/- per Equity Share
- Lot size
- 15 shares
- Face value
- Rs 1 Per Equity Share
- Issue size
- Offer for Sale of 2,02,21,730 Equity Shares of Rs 1 each at prince of Rs 965/- to Rs 967/- aggregating up to Rs 1955.44 Cr
- Listing at
- NSE, BSE ( B - Group )
- List price
- Listing date
- Registrar
- Link Intime India Private Limited
- Lead manager
-
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited and IIFL Holdings Limited
Varroc Engineering Limited IPO Details
- Retail Portion N/A
Varroc Engineering Limited IPO Analytics
Varroc Engineering Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Varroc Engineering Limited IPO Subscription Status
Varroc Engineering Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,00,60,865 |
30,18,260
|
70,42,606 | 2,02,21,730 |
|
Day 1
26-06-18
|
1.04 x |
0.01x
|
0.06 x | 0.33 x |
|
Day 2
27-06-18
|
1,27,72,8753.18 x |
1,18,8000.04x
|
15,54,0900.22 x | 1,44,79,5751.02 x |
|
Day 3
28-06-18
|
3,68,54,1459.15 x |
74,06,7152.45x
|
64,48,1400.91 x | 5,07,72,9903.58 x |
Varroc Engineering Limited Valuations
Earnings
- EPS (Post IPO)
- Rs 33.40
- P/E Ratio
- 28.95
Returns
- RoNW
- 15.93%
Varroc Engineering Limited Company & Offer Insights
Varroc Engineering Limited IPO Issue Objectives
- •
- To carry out the disinvestment of 2,02,21,730 Equity Shares by the Selling Shareholder in the company.
- •
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Varroc Engineering Limited IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Varroc Engineering Limited (IPO) | 4.61 | 28.95 | 15.93% | 10,417.07 |
| Motherson Sumi | 4.92 | 39.57 | 17.60% | 56,694.39 |
| Bharat Forge | 6.32 | 42.26 | 16.11% | 8556.68 |
| Endurance Technologies | 8.22 | 45.71 | 17.98% | 6689.59 |
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Varroc Engineering Limited IPO is a book-built IPO worth ₹Offer for Sale of 2,02,21,730 Equity Shares of Rs 1 each at prince of Rs 965/- to Rs 967/- aggregating up to Rs 1955.44 Cr. The price band is ₹965–₹967 per share. The IPO opens on Jun 26, 2018 and closes on Jun 28, 2018. It will be listed on BSE and NSE. Link Intime India Private Limited is the registrar.
The price band of Varroc Engineering Limited IPO is ₹965 to ₹967 per share.
The lot size of Varroc Engineering Limited IPO is 15 shares.
The minimum investment for Varroc Engineering Limited IPO is approximately ₹14,505 based on the upper price band .
Varroc Engineering Limited IPO opens on Jun 26, 2018 and closes on Jun 28, 2018.
The allotment date of Varroc Engineering Limited IPO is Jul 4, 2018.
Varroc Engineering Limited IPO is expected to be listed on Jul 6, 2018, on BSE and NSE .
Varroc Engineering Limited IPO valuation snapshot: P/E 28.95, EPS Rs 33.40, P/B N/A, RoNW 15.93%, and market cap N/A.
To apply for Varroc Engineering Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Varroc Engineering Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Varroc Engineering Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Varroc Engineering Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Varroc Engineering Limited IPO allotment status on IPO Ji for quick and easy access.