Varroc Engineering Limited Profile
Varroc Engineering Established in 1988. Varroc group is a worldwide leading automotive component maker and supplier of external lighting systems. It delivers components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off highway vehicle, OEMs directly worldwide. Varroc group reached sale of 1.5 billion USD in 2016-17 in automotive industry. Varroc company is one of the prominent global passenger car lighting suppliers and between the top 2-wheeler automotive component supplier in India. And also produces plastic and polymer components, electrical-electronics components, and precision metallic components.
Varroc group has abilities across design, Research and Development, engineering, testing, manufacturing and supply of several products across the business. Varroc Engineering has a worldwide impression of 36 manufacturing facilities spread across seven nations. The Global Lighting Business had 184 patents as of December 31, 2017. Varroc offers best design solutions that give customers a competitive edge in their markets.
Varroc Engineering Limited Key Strengths:
- fostering an environment that empowers employees and encourages the pursuit of excellence.
- fastest growing player in our core sectors.
- Core business sectors will be exterior lighting and two wheelers mobility.
- speed, agility and creativity.
Varroc Engineering Limited Promoters:
The Promoters of the Company are: The Promoter of the Company is Tarang Jain.
Varroc Engineering Limited IPO details:
Symbol: VARROC
Issue Size: Initial Public offer of Fresh issue of Up to Rs 15,600 Lacs
Face Value: Rs 1
Price Range: Rs 365 to Rs 967
Issue Type: 100% Book Building
Bid Lot: 15 Equity Shares and in multiples thereof
Minimum Order Quantity: 15 Equity Shares
Issue Period: 26-Jun-2018 to 28-Jun-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Registrar: Link Intime India Private Limted
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Varroc Engineering Limited Financials:
| Varroc Engineering Limited financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | |
| Total revenue | 4,225.3 | 6,139.4 | 7,038.5 | 8,239.5 | 9,702.3 | 10,417.1 |
| Total expenses | 4,220.9 | 6,055.2 | 7,063.3 | 7,897.5 | 9,454.3 | 9,973.5 |
| Profit after tax | -25.4 | 42.0 | 13.0 | 369.0 | 303.0 | 450.3 |
| Net margin (%) | -0.6 | 0.7 | 0.2 | 4.5 | 3.1 | 4.3 |
Varroc Engineering Limited IPO Subscription Details:
| Category | Shares offered | Subscription (no. of times) | ||
| Day1 | Day 2 | Day 3 | ||
| QIB | 4024346 | 1.0376 | 3.1776 | 9.1529 |
| NII | 3018260 | 0.0063 | 0.0388 | 2.4519 |
| Retail | 7042606 | 0.0580 | 0.2235 | 0.8429 |
| Employees | 100000 | 0.0967 | 0.3419 | 0.6267 |
| Total | 14185212 | 0.3284 | 1.0195 | 3.5416 |
Varroc Engineering Limited Grey Market Price, Rates, GMP Premium
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 5 July 2018 today at Rs. 35 with Kostak at n/a.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 4 July 2018 at Rs. 22 with Kostak at n/a.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 3 July 2018 at Rs. 22 with Kostak at n/a.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 2 July 2018 at Rs. 25 with Kostak at n/a.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 29 June 2018 at Rs. 25 with Kostak at n/a.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 28 June 2018 at Rs. 40 with Kostak at 400.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 27 June 2018 at Rs. 60 with Kostak at 450.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 26 June 2018 at Rs. 60 with Kostak at 450.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 25 June 2018 at Rs. 65 with Kostak at 300.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 23 June 2018 at Rs. 65 with Kostak at 300.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 22 June 2018 at Rs. 70 with Kostak at 300.
VARROC ENGINEERING IPO Grey Market Premium (GMP) as on 21 June 2018 at Rs. 60 with Kostak at 300.
Varroc Engineering Limited IPO Allotment Status:
Varroc Engineering Limited IPO Allotment Date: 3-July-2018
Varroc Engineering Limited IPO Listing Date: 6-July-2018
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