66  Total SME IPOs listed in 2025

2,771.83 Crs.  Total funds raised in 2025

44  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

66  Total SME IPOs listed in 2025

2771.83 Crs.  Total funds raised in 2025

44  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

66  Total SME IPOs listed in 2025

2771.83 Crs.  Total funds raised in 2025

44  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

66  Total SME IPOs listed in 2025

2771.83 Crs.  Total funds raised in 2025

44  SME IPOs listed with Gain in 2025

22  SME IPOs listed with loss in 2025

Varindera Constructions Limited IPO Analysis

Varindera Constructions IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ [●] Cr. The company is based in New Delhi and caters to Engineering - EPC sector. Equirus Capital , ICICI Securities , Iifl Securities are the merchant bankers of Varindera Constructions IPO. It is a MainBoard Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2024.

Varindera Constructions IPO posted revenues of ₹ 1403.98 crores and PAT of ₹ 143.38 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,388.93 Cr.
            EBITDA: ₹ 119.16 Cr.
            PAT: ₹ 143.38 Cr.
  • EBITDA Margin: 8.58 %
            Pat Margin: 10.32 %
  • Net Worth: ₹ 505.49 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 2.49 times
Nature of IPO : MainBoard Upcoming
Exchange : BSE,NSE
IPO Type : Book Building

Varindera Constructions IPO Financial Performance (Restated)

Financial results of Varindera Constructions IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY24 FY23 FY22
Balance Sheet
Assets 1074.06 755.99 527.05
Net Worth 505.49 363.08 253.80
Total Debt 348.14 236.13 149.38
Profit & Loss
Revenue
Revenue on annualised basis
1388.93 1048.55 994.33
EBITDA
EBITDA on annualised basis
119.16 164.55 239.76
PAT
PAT on annualised basis
143.38 109.01 76.15
Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Financial Charts

Varindera Constructions IPO Key performance Indicators (KPI)

Varindera Constructions IPO PAT Margin is 10.32 % , ROCE (Return on Capital Employed) is 26.87 % as per latest financial. The below table shows Varindera Constructions IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY24 FY23 FY22
EBITDA Margin (%) 8.58 15.69 24.11
PAT Margin (%) 10.32 10.40 7.66
EPS (₹) 9.25 7.03 4.91
ROE (%) 28.36 30.02 30.00
ROCE (%) 26.87 24.90 25.03
ROA (%) 13.35 14.42 14.45
Debt to Equity 0.69 0.65 0.59
Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Varindera Constructions IPO Valuation Metrics

The market Capitalisation of Varindera Constructions IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
32.62

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,388.93 Cr.
            EBITDA: ₹ 119.16 Cr.
            PAT: ₹ 143.38 Cr.
  • EBITDA Margin: 8.58 %
            Pat Margin: 10.32 %
  • Net Worth: ₹ 505.49 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: 2.49 times
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What are the key financial metrics in Varindera Constructions prospectus?

The Varindera Constructions IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Varindera Constructions IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Varindera Constructions IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Varindera Constructions IPO ?

The post-IPO market capitalisation of Varindera Constructions IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Varindera Constructions IPO?

The Varindera Constructions IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Varindera Constructions IPO?

Varindera Constructions IPO reported revenue of ₹ 1403.98 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Varindera Constructions IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Varindera Constructions IPO?

Varindera Constructions recorded an EBITDA of ₹ 119.16 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Varindera Constructions IPO?

Varindera Constructions Profit After Tax (PAT) is ₹ 143.38 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

Peer Companies Of This Sector

FAQs

Varindera Constructions operates in Engineering - EPC and . The Issue is listed on BSE,NSE in May, 2025. Varindera Constructions IPO size was with Issue price of .

Merchant Banker(s) of Varindera Constructions IPO: Equirus Capital Private Limited , ICICI Securities Limited , Iifl Securities Limited

Varindera Constructions IPO subscription was 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.

Varindera Constructions IPO listed at a listing price of against the offer price of .

The current market price of Varindera Constructions is .

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