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Mainline IPO
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SME IPO
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Varroc Engineering Limited IPO Details

Varroc Engineering Limited IPO Subscription Details
As on Date QIB NII RII Employee Total
Shared Offred 40,24,346 30,18,260 70,42,606 1,00,000 1,41,85,212
Day-1
[26-06-2018]
41,91,615
[1.04]
29,610
[0.01]
3,87,315
[0.06]
9,930
[0.10]
46,18,470
[0.33]
Day-2
[27-06-2018]
1,27,72,875
[3.18]
1,18,800
[0.04]
15,54,090
[0.22]
33,810
[0.34]
1,44,79,575
[1.02]
Day-3
[28-06-2018]
3,68,54,145
[9.15]
74,06,715
[2.45]
66,50,235
[0.94]
64,530
[0.64]
5,09,75,625
[3.60]
Varroc Engineering Limited was established in 1988, Varroc group is a global tier-1 automotive component manufacturer and supplier of exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off highway vehicle ("OHV") OEMs directly worldwide.With 36 world-class manufacturing facilities and 16 R&D centers in 10 countries, Varroc group is on an exponential growth trajectory clocking a sale of 1.5 billion USD in 2016-17.

The company is one of the leading global passenger car lighting suppliers and amongst the top 2-wheeler automotive component supplier in India. Varroc offers best design solutions that give customers a competitive edge in their markets.
Varroc Engineering Limited IPO Details
Issue Open 26-06-2018
Issue Close 28-06-2018
Allotment Date 04-07-2018
Unblocked Amount 05-07-2018
Listing Date 06-07-2018
Issue Size
2,02,21,730 Total Equity Share
- Fresh Issue Equity Share
- OFS Equity Share
Issue Size ₹ 1945.77 Cr Total
₹ - Cr Fresh
₹ - Cr OFS
IPO Price Band ₹ 965 - ₹ 967
Minimum Share Bid 15
Minimum Investment Amount [₹]  ₹ 14475 - ₹ 14505
Face Value ₹ 1
Qualified Institutional Buyer [QIB] 50%
High Networth Individual [HNI] 15%
Retail Individual Investor [RII] 35%
Listing On BSE NSE

Varroc Engineering Limited IPO Gray Market Value
Latest Update 26-07-2018 : 09:00 AM
Kostak Price [As Per Market View] -
Premium [Per Share] [As Per Market View] 10
Expected Listing Gain [Subject to Sauda] 250

Varroc Engineering Limited IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 4225.29 4220.92 -25.43
FY-2014 6139.37 6055.15 42.04
FY-2015 7038.46 7063.34 -79.05
FY-2016 8239.52 7897.54 459.35
FY-2017 9702.26 9454.26 217.20
Dec-2017 7415.42 7101.41 426.94

Varroc Engineering Limited IPO Valuation Details
Earnings Per Share [EPS] ₹ 27.74
Price/Earnings [P/E] Ratio 51.64
Return on Net Worth [RoNW] 13.88 %
Net Asset Value [NAV] ₹ 212.06 Per Share
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Varroc Engineering Limited IPO Recommendations
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Varroc Engineering Limited IPO Contact Details
Varroc Engineering Limited
L-4, MIDC Area, Waluj,
Aurangabad 431136,
Tel:- +91 240 6653 700/6653 699,
Fax:- +91 240 2564 540
Contact Person:- Rakesh Darji
E-mail:-investors@varroc.com
Website:-www.varrocgroup.com 
Registrar of Varroc Engineering Limited IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +91 22 4918 6200
Facsimile: +91 22 4918 6195
E-mail:-varroc.ipo@linkintime.co.in
Investor grievance E-mail: varroc.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Lead Managers of Varroc Engineering Limited IPO
Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC
Plot No. 27 “G” Block
Bandra Kurla Complex, Bandra (East)
Mumbai 400 051, Maharashtra, India
Tel: +91 22 4336 0000;
Fax: +91 22 6713 2447
E-mail: varroc.ipo@kotak.com
Investor grievance email: kmccredressal@kotak.com
Website: www.investmentbank.kotak.com
Contact Person: Ganesh Rane
SEBI Registration No.: INM000008704

Citigroup Global Markets India Private Limited
1202, 12th Floor
First International Financial Center
G-Block, Bandra Kurla Complex, Bandra East
Mumbai 400 098
Tel: +91 22 6175 9999
Fax: +91 22 6175 9898
E-mail: varroc.ipo@citi.com
Website: www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm
Investor Grievance E-mail: investors.cgmib@citi.com
Contact Person: Ashish Guneta
SEBI Registration No:- INM000010718

Credit Suisse Securities (India) Private Limited
Ceejay House, 9th Floor,
Plot F, Shivsagar 
Estate, Dr. Annie Besant Road,
Worli Mumbai-400 018 
Tel:- +91 22 6777 3914
Fax:- +91 22 6777 3820
E-mail:-list.varrocipo@credit-suisse.com
Investor grievance E-mail:-list.igcellmer-bnkg@credit-suisse.com
Contact Person:- Ashish Khullar
Website:- www.creditsuisse.com/in/en/investment-banking/regional-presence/asia-pacific/india/ipo.html
SEBI Registration No:- INM000011161

IIFL Holdings Limited
10th Floor, IIFL Centre, Kamala City
Senapati Bapat Marg
Lower Parel (West)
Mumbai 400 013
Tel: +91 22 4646 4600
Fax: +91 22 2493 1073
E-mail: varroc.ipo@iiflcap.com
Website: www.iiflcap.com
Investor Grievance E-mail: ig.ib@iiflcap.com
Contact Person: Pinak Bhattacharyya/ Sourav Roy
SEBI Registration No.: INM000010940

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