Varroc Engineering Limited IPO
Mainboard
₹ 14505 /15 Shares
26 Jun, 2018
Open Date28 Jun, 2018
Close Date04 Jul, 2018
Allotment Date06 Jul, 2018
Listing DateIPO Issue Details
- Issue Price Rs 965/- to Rs 967/- per Equity Share
- Face Value Rs 1 Per Equity Share
- Issue Price 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 )
- Lead Manager Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited and IIFL Holdings Limited
- Registrar Link Intime India Private Limited
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹965 - 967 per equity share, which has a face value of Rs 1 Per Equity Share each, IPO bidding starts from Jun 26, 2018 and ends on Jun 28, 2018. The allotment for IPO will be finalized on Jul 4, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 6, 2018. The company shall list its equity shares on the NSE, BSE ( B - Group ). Link Intime India Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited and IIFL Holdings Limited.
The IPO sets its price band at 965 - 967 for each share. A single application for Varroc Engineering Limited IPO must contain at least 15 shares.
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IPO Subscription Analysis And Details
| 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
|
41,91,615 1.04 x | 29,610 0.01 | 3,87,315 0.06 x | 46,18,470 0.33 x |
|
Day 2
27-06-18
|
1,27,72,8753.18 x | 1,18,8000.04 | 15,54,0900.22 x | 1,44,79,5751.02 x |
|
Day 3
28-06-18
|
3,68,54,1459.15 x | 74,06,7152.45 | 64,48,1400.91 x | 5,07,72,9903.58 x |
Valuations
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.
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 |
IPO - FAQs
Ans. Varroc Engineering Limited IPO is a Mainboard IPO. The issue is priced at Rs 965/- to Rs 967/- per Equity Share. The minimum order quantity is 15 Shares. The IPO opens on Jun 26, 2018, and closes on Jun 28, 2018. Link Intime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE ( B - Group ).
Ans. The Varroc Engineering Limited IPO opens on Jun 26, 2018 and closes on Jun 28, 2018.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Varroc Engineering Limited IPO is 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.
Ans. The Varroc Engineering Limited IPO price band is set between Rs 965/- to Rs 967/- per Equity Share.
Ans. To apply for Varroc Engineering Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Varroc Engineering Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Varroc Engineering Limited IPO is Jul 4, 2018.
Ans. The Varroc Engineering Limited IPO will be listed on Jul 6, 2018.
Ans. Follow the steps to check the Varroc Engineering Limited IPO allotment status online.
