Varroc Engineering Limited
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Varroc Engineering Limited commenced operations with our polymer business in 1990.
Company is a global tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers ("OEMs")) automotive component group.
Company design, manufacture and supply exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to passenger car, commercial vehicle, two- wheeler, three-wheeler and off highway vehicle ("OHV") OEMs directly worldwide.
Issue Period
Tuesday,Jun 26, 2018 - Thursday,Jun28, 2018
Price Band
Rs.965 - Rs.967 per Equity Share
Varroc Engineering Limited
| Issuer | Varroc Engineering Limited (View Report) | |
| Issue Type | 100% Book Built Issue IPO | |
| Issue Period | Issue Opens: Tuesday,Jun 26, 2018 | |
| Issue Closes: Thursday,Jun28, 2018 | ||
| Price Brand | Rs.965 - Rs.967 per Equity Share | |
| Offer Details | 2,01,21,730 EquityShares.(Rs.1941.75 crs. @ lower price band & Rs.1945.77 crs @ upper price band) | |
| Face Value | Rs. 1 per Equity Share | |
| Minimum Order Quantity Retail: | 15 Equity Shares and in multiples thereof | |
| Maximum Bid amount for Retail: | Rs. 2 Lakhs | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Discount: | Rs. 48/-per share to Eligible Employees | |
| Registrar | Link Intime India Private Limited | |
| Listing | NSE & BSE | |
| Book Running Lead Managers | Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited | |
Key Strategies:
- Strong competitive position in attractive growing market
- Strong, long-standing customer relationships
- Comprehensive product portfolio
- Low cost, strategically located manufacturing and design footprint
- Robust in-house technology, innovation and R&D capabilities
- Consistent track record of growth and operational and financial efficiency
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