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Varroc Engineering IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 1945.77 Cr. The company is based in Aurangabad and caters to Engineering - Automotive sector. Citigroup Global Markets India , Credit Suisse Securities (India) , IIFL Securities , Kotak Mahindra Capital Company are the merchant bankers of Varroc Engineering IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th March 2018.
Varroc Engineering IPO open date is 26th June 2018 and close date is 28th June 2018. IPO Allotment Date is 3rd July 2018 and Listing date is 6th July 2018.
IPO
Size:
₹ 1945.77 Cr.
Avg IPO Size (Sector Based)
: ₹
1,039.79 cr.
Sector: Engineering - Automotive
IPO so far:
7
Merchant Banker:
Citigroup Global
IPO by BRLM so far:
72
City:
Aurangabad
IPO so far:
2
Revenue (annualised):
₹
10417.07
cr. 
PE
Ratio:
30.00x
Average Sector PE Ratio: 26.79x
Varroc Engineering IPO size is ₹ 1945.77 Cr. with IPO price of ₹ 967.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Citigroup Global Markets India Private Limited is the book-running lead manager of the Varroc Engineering IPO. Link Intime India Private Limited is the Registrar for Varroc Engineering IPO.
Varroc Engineering IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Varroc Engineering IPO, based in Aurangabad, operates in the Engineering - Automotive sector with a focus on automotive component. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Varroc Engineering IPO size is ₹ 1945.77 Cr. with fresh issue size of ₹ 1,946 and Offer for sale being ₹ Nil
The IPO allotment date for Varroc Engineering IPO is expected to be 3rd July 2018, after the finalization of basis of allotment. Investors can check Varroc Engineering IPO allotment status on the registrars website, Link Intime India Private Limited . Varroc Engineering IPO refund dates are 4th July 2018.
Varroc Engineering IPO is expected to be listed on 6th July 2018.
The upper price band for the Varroc Engineering IPO is set at ₹ 967.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Varroc Engineering IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Varroc Engineering IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th June 2018. After submission, funds are blocked until the basis of allotment of Varroc Engineering IPO is finalised.
The merchant banker for Varroc Engineering IPO is Citigroup Global Markets India Private Limited , Credit Suisse Securities (India) Private Limited , IIFL Securities Limited , Kotak Mahindra Capital Company Limited . Citigroup Global Markets India Private Limited , Credit Suisse Securities (India) Private Limited , IIFL Securities Limited , Kotak Mahindra Capital Company Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Varroc Engineering IPO RHP for further details.
The registrar for Varroc Engineering IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Varroc Engineering IPO through their official website or helpline.
Varroc Engineering IPO was subscribed 3.54 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 1,945.77 Cr.
Avg IPO Size (Sector Based)
:
₹ 1,039.79 Cr.
Sector: Engineering - Automotive
IPO so far:
7
Merchant Banker:
Citigroup Global
IPO by BRLM so far:
72
City:
Aurangabad
IPO so far:
2
Revenue (annualised):
₹ 10,378.40 cr.
PE
Ratio:
30.00x
Average Sector PE Ratio: 26.79x
Varroc Engineering IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Varroc Engineering Financial Review Page
Merchant Banker(s) of Varroc Engineering IPO: Citigroup Global Markets India Private Limited , Credit Suisse Securities (India) Private Limited , IIFL Securities Limited , Kotak Mahindra Capital Company Limited
Varroc Engineering IPO subscription was 3.54 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Varroc Engineering IPO listed at a listing price of 1040.55 against the offer price of 967.00.
The current market price of Varroc Engineering is 559.25.
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