Varroc Engineering Limited IPO Biding Information

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Varroc Engineering Limited

Varroc Engineering Limited was established in 1988, Varroc group is a global tier-1 automotive component manufacturer and supplier of exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off highway vehicle ("OHV") OEMs directly worldwide.With 36 world-class manufacturing facilities and 16 R&D centers in 10 countries, Varroc group is on an exponential growth trajectory clocking a sale of 1.5 billion USD in 2016-17.

The company is one of the leading global passenger car lighting suppliers and amongst the top 2-wheeler automotive component supplier in India. Varroc offers best design solutions that give customers a competitive edge in their markets.

Varroc Engineering Limited IPO Brief
Issue Opens 26 Jun 18 Price Band : 965 - ₹967
Issue Closes 28 Jun 18 Bid Lot 15 Shares
Listing At NSE, BSE

Number of Times Issue is Subscribed (BSE + NSE)

Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed
Qualified Institutional Buyers(QIBs)* 40,24,346 368,54,145 9.16
Non Institutional Investors 30,18,260 74,06,715 2.45
Retail Individual Investors(RIIs) 70,42,606 66,59,190 0.95
Employee Reservation 1,00,000 64,530 0.65
Total

Total No.of Application Approx : ~ 398475

Retail Subscription on the basis of Apps : 0.85 x

Issue Terms

Issue price / Floor Price (Rs) 965-967
Application per share (Rs) 967
Minimum bid (no of shares) 15
Maximum Shares for Retail 15

Issue Date and Sizes

Issue opens 26 Jun 18
Issue closes 28 Jun 18
Listing on 06 Jul 18
Issue size (Rs cr) 1945.77

FAQs

  • When is Varroc Engineering Limited IPO coming?

    The Varroc Engineering Limited IPO opens on 26 Jun 18 and closes on 28 Jun 18.

  • What is Varroc Engineering Limited IPO timetable?

    Varroc Engineering Limited IPO tentative timelines are as below.

    • Public Issue Open: 26 Jun 2018
    • Public Issue Close: 28 Jun 2018
  • What is Varroc Engineering Limited IPO closing time?

    Varroc Engineering Limited IPO will close for subscription at Jun 28, 2018 11:59:00 PM.

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