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:
Company Promoters:
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: varroc.ipo@linkintime.co.in
Investor grievance e-mail: varroc.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
Varroc Engineering IPO Lead Managers:
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: investors@varroc.com
Website: www.varrocgroup.com
Varroc Engineering IPO Review:
- Good for Long Term
- 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
- 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
- Shares: Apply for 15 Shares (Minimum Lot Size)
- Amount: Rs.14,505
- Basis of Allotment: 3-July-2018
- Refunds: 4-July-2018
- Credit to demat accounts: 5-July-2018
- Listing: 6-July-2018
| 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 | ||
- Tarang Jain
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: varroc.ipo@linkintime.co.in
Investor grievance e-mail: varroc.ipo@linkintime.co.in
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
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: investors@varroc.com
Website: www.varrocgroup.com
