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Engineering - EPC
Sub Sector: engineering, procurement and construction (EPC) company
Varindera Constructions is an integrated engineering, procurement and construction (EPC) company with experience in construction of buildings projects including residential units, commercial complex, office, railway stations, hospitals, high court and library as well as undertaking infrastructure projects such as metro depot, aircraft hangar and roads. In the last 10 Fiscal Years (ended March 31, 2024), Varindera Constructions have executed and delivered 31 construction projects with an aggregate Contract Value of Rs 52,932.66 million, across 11 states in India as well as overseas, in Mauritius. Varindera Constructions undertook their first overseas project in 2018, in Mauritius, and have currently 7 ongoing projects in Mauritius and Maldives. 23.92 % of their revenue from operations for Fiscal Year 2024, aggregating to Rs 3,322.82 million, was from their overseas projects. As on March 31, 2024, Varindera Constructions have 20 ongoing projects in India and overseas, with an order book of Rs 38,447.93 million (out of which overseas projects constitute Rs 6,071.23 million), all of which are either projects awarded by the agencies affiliated with the central government or are funded by multilateral/bilateral institutions and awarded by the government of the respective country. According to the CRISIL Report, Varindera Constructions are one of the fastest growing construction companies in terms of revenue from operations, compared to all major listed construction companies (i.e. companies with revenue from operations greater than Rs 5,000 million for the Fiscal Year 2024), between Fiscal Year 2019 to Fiscal Year 2024 with growth in revenue from operations at a CAGR of 39.40% during this period. Further as a result of their integrated execution capabilities, project management efficiency and equipment ownership model, Varindera Constructions have delivered a PAT Margin of 10.32 %, 10.40 % and 7.66 %, as of Fiscal Year ended March 31, 2024, March 31, 2023 and March 31, 2022, respectively.
Link Intime India Private Limited
Varindera Constructions operates in Engineering - EPC and engineering, procurement and construction (EPC) company. The Issue would be listed on MainBoard. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Varindera Constructions is Book Building Process and Object of issue is
Merchant Banker of Varindera Constructions IPO is Equirus Capital Private Limited , ICICI Securities Limited , Iifl Securities Limited
The DRHP (Draft Red Herring Prospectus) of Varindera Constructions IPO was filed on 30 Sep 2024.
No, Varindera Constructions IPO is not yet listed. See other upcoming MainBoard IPOs here.
The IPO open date and IPO close date of Varindera Constructions are not available now. You can apply in Varindera Constructions IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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