247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Varroc Engineering Limited IPO (Varroc Engineering IPO) Details

Varroc Engineering Limited is an Engineering - Automotive based company, located in Aurangabad, Varroc Engineering Limited IPO size was 1945.77 Cr. and was issued at 967.00 per share. The share of Varroc Engineering Limited were listed at 1040.55 per share and are currently trading at 576.80 per share.

Type :
Sub Sector : Automotive Component
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
10417.07 Cr.

PAT :
450.78 Cr.

Pricing Report

Issue Price :
967.00

Listing Price :
1040.55

Current Market Price :
576.80

Issue Price vs CMP :
390.2 (40.35%)

listing Price vs CMP :
463.75 (44.57%)

Performance Report (CAGR* wise)

CAGR : -7.59
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Varroc Engineering

Company Information
Varroc Engineering Limited is a global tier-1 automotive component group that designs, manufactures, and supplies exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to original equipment manufacturers (OEMs) in the passenger car, commercial vehicle, two-wheeler, three-wheeler, and off-highway vehicle (OHV) sectors worldwide. It is the second-largest Indian auto component group by consolidated revenue for FY2017, and a leading tier-1 supplier to Indian two-wheeler and three-wheeler OEMs. The company ranks as the sixth-largest global exterior automotive lighting manufacturer and is among the top three independent exterior lighting players in the world by market share in 2016. From FY2015 to FY2017, it achieved a compound annual growth rate (CAGR) of 17.57% in terms of revenue.
Object of Issue
  • Offer for Sale

Varroc Engineering MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Jul, 2018
IPO Size :
1945.77 Cr.
IPO Subscription :
3.54 X     
PE Multiple :
30.00
Merchant Banker :
Citigroup Global Markets India Private Limited
IPO Registrar:
Link Intime India Private Limited

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See Other MainBoard IPOs in Aurangabad

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  automotive component

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Peer Companies Of This Sector

FAQs

Varroc Engineering operates in Engineering - Automotive and Automotive Component. The Issue is listed on MainBoard in Jul, 2018. Varroc Engineering IPO size was 1945.77 Cr. with Issue price of 967.00 .

Merchant Banker(s) of Varroc Engineering IPO: Citigroup Global Markets India Private Limited , Credit Suisse Securities (India) Private Limited , Iifl Securities Limited , Kotak Mahindra Capital Company Limited

Varroc Engineering IPO subscription was 3.54 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.

Varroc Engineering IPO listed at a listing price of 1040.55 against the offer price of 967.00.

The current market price of Varroc Engineering is 576.80.

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