Aurangabad-based auto component company Varroc Engineering has announced an IPO of Rs. 1955 crore. The IPO of the company will open on June 26 and will closed on 28 June. The price band of this IPO has been fixed between Rs 965-967.
Company Promoters Read to sell their stake
Through this IPO, the promoters and current investors of the company will sell their stake. Altogether, 2,02,21,730 will be issued under the IPO. Of this, promoters Tarang Jain 17,52,560 shares, the investor company Omega TC will hold 1,69,17,130 shares and Tata Capital will sell 15,52,040 shares.
Varroc Engineering Limited company was founded in 1990. Varroc Engineering is a Global Automotives Component Company. The company manufactures lighting systems, power train and electrical components. These goods can be supplied at the global level in the world.
Date: IPO to be closed on June 28
The IPO will open on June 26 and close on June 28. The company has said that this IPO has a reserve for one lakh shares of employees, which will be available at a discount of 48 rupees. The IPO is managing Kotak Mahindra Capital, Citigroup Global Market and Credit Swiss Securities.
|Varroc Engineering IPO Details|
|Subscription Dates||26 – 28 June 2018|
|Issue Price Band||INR 965 – 967|
|Minimum bid (lot size)||15 shares|
|Face Value||INR 1 per share|
|IPO Size||INR 1,945.77 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
Varroc Engineering Financial Performance (in INR crore)
Varroc Engineering IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
- Varroc Engineering IPO Lead Manager(s)
1. Citigroup Global Markets India Private Limited
2. Credit Suisse Securities (India) Private Limited
3. IIFL Holdings Limited
4. Kotak Mahindra Capital Company Limited
- Company Contact Information Details
Varroc Engineering Limited
L-4, MIDC Area
Aurangabad 431 136
Phone: +91 240 6653 700/6653 699
Fax: +91 240 2564 540
- Varroc Engineering IPO Registrar Details
Link Intime India Private Ltd
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Email: [email protected]