Varroc Engineering IPO:GMP, Issue Size, Issue Price and Important dates

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Varroc Engineering IPO automotive component group and is all set to make a debut in the stock market with an issue size of 1945.77 Cr.   

Varroc Engineering IPO – Overview    

 Issue Date           26-28 June 2018 
Varroc Engineering IPO Opening Date           26 June 2018 
Varroc Engineering IPO Face Value           INR 1 per share           
Varroc Engineering IPO Price           INR 967 per share          
Varroc Engineering IPO Lot Size           15 Shares          
Issue Size           1945.77 Cr      
Offer for sale  
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             13.45 times 
NII (HNI) Shares           5.08 times 
Company Promoters           The Promoter of the Company is Tarang Jain. 
XELPMOC DESIGN AND TECH IPO

Tentative Dates           

Varroc Engineering IPO opening date           26 June 2018  
Varroc Engineering IPO closing date           28 June 2018  
Basis of Allotment           3 July 2018 
Initiation of Refunds           4 July 2018 
The credit of Shares to Demat          5 July 2018 
Varroc Engineering IPO Listing Date           6 July 2018 

Company Overview    

It designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to the passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle (“OHV”) OEMs directly worldwide. The company is the second largest Indian auto component group   

Industry Overview    

The exports market has grown 16% between April and October 2017. CRISIL Research expects vol umes to increase over the next few months, as the efforts of OEMs to diversify into more promising geographies bear fruit. According to the IMF, these economies are expected to grow 2.6% in 2017, against 1.4% in 2016.

 Objectives           

  1. Sale of up to 15,714,038 Equity Shares by the Shareholders. 
  2. Boost the visibility and brand image of the company. 
  3. Provide a public market for the shares of the company. 

Financial Statements          

Particulars          31-March-18 31-Mar-17   31-Mar-16 
Total Assets          68,523.92 58,603.80 52,458.55 
Total Revenue          104,170.67 97,022.69 82,395.20 
Profit After Tax          4,507.77 3,033.89  3,698.23 
XELPMOC DESIGN AND TECH IPO

Strengths          

  • The company’s Global Lighting Business, which focuses on the design, manufacture, and supply of exterior lighting for passenger vehicles, is the sixth-largest tier-1 automotive exterior lighting manufacturer globally and one of the top three independent exterior lighting players. 
  • Strong, long-standing relationships with many of its customers.
  • It has a comprehensive portfolio of products in the markets which allows it to be a one-stop-shop for the customers and to cross-sell products. 
  • A global footprint of 36 manufacturing facilities spread across seven countries, with six facilities for the Global Lighting Business, 25 for India Business and five for other Businesses. 

Company Contact Information 

Varroc Engineering Limited 
L-4, MIDC Area 
Waluj 
Aurangabad 431 136 
Phone: +91 240 6653 700/6653 699 
Email: http://www.varrocgroup.com/ 
Website: http://www.varrocgroup.com 

Registrar 

Link Intime India Private Ltd 
 
Phone: +91-22-4918 6270 
Email: varroc.ipo@linkintime.co.in 
Website: https://linkintime.co.in/ 

Lead Manager(s) 

  1. Citigroup Global Markets India Private Limited (Past IPO Performance) 
  1. Credit Suisse Securities (India) Private Limited (Past IPO Performance) 
  1. IIFL Securities Ltd (Past IPO Performance) 
  1. Kotak Mahindra Capital Company Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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