Varroc Engineering IPO Dates, Review, Price Band, Market Lot Details

Varroc Engineering is coming up with an IPO on 26th June. The company incorporated in 1988. The company is a manufacturer of auto component and supplier of exterior lighting systems, plastic and polymer components, electricals and electronics components, metallic components to passenger car and commercial vehicles with two and three wheelers. The company has 36 manufacturing facilities with 16 R&D centers in 10 countries. Varroc Group is been doing good business with sale of 1.5 billion USD in 2016-17. They are one of the leading global passenger car lighting suppliers and top two wheeler auto component supplier in India.

Varroc Engineering IPO Review:

• Good for Long Term

Brokerage Firm Reviews:

• ICICI Direct: Subscribe for Long Term
• Canara Bank Securities: Subscribe for Long Term
• Centrum Research: Subscribe
• Hem Securities: Subscribe
• Angel Broking: Neutral
• SMC: Subscribe
• Choice Broking: Subscribe With Caution

Varroc Engineering IPO Dates & Price Band: (Approx)

• IPO Open: 26-June-2018
• IPO Close: 28-June-2018
• IPO Size: Approx Rs.1945 Crore (Approx)
• Face Value: Rs.1 Per Equity Share
• Price Band: Rs. 965 to 967 Per Share
• Listing on: BSE & NSE
• Retail Portion: 35%
• Equity: 2,02,21,730 Shares

Varroc Engineering IPO Market Lot:

• Shares: Apply for 15 Shares (Minimum Lot Size)
• Amount: Rs.14,505

Varroc Engineering IPO Allotment & Listing:

• Basis of Allotment: 3-July-2018
• Refunds: 4-July-2018
• Credit to demat accounts: 5-July-2018
• Listing: 6-July-2018

Varroc Engineering Financial:

Rs. in Crore
	Revenue	Expense	PAT
2013	4225	4221	(-25)
2014	6139	6055	42
2015	7039	7063	13
2016	8240	7898	369
2017	9702	9454	303
2018	10417	9974	450

Company Promoters:

• Tarang Jain

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

Varroc Engineering IPO Registrar:
Link Intime India Private Limited
Tel: +91 22 4918 6200
Fax: +91 22 4918 6195
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in

Varroc Engineering IPO Lead Managers:

• Kotak Mahindra Capital Company Limited 
• Citigroup Global Markets India Private Limited
• Credit Suisse Securities (India) Private Limited

Company Address:
Varroc Engineering Limited
Office: L-4, MIDC Area, Waluj, Aurangabad 431
136, Tel: +91 240 6653 700/6653 699
Fax: +91 240 2564 540
Contact Person: Rakesh Darji
Tel:+91 240 6653 662
Fax: +91 240 2564 540
E-mail: [email protected]
Website: www.varrocgroup.com

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