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Open
26 Jun 2018
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Close
28 Jun 2018
3
Allotment
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Listing
Fri, Jul 6, 2018
Price Band
₹965 to ₹967
Issue Size
2,02,21,730 shares (agg. up to ₹1,955 Cr)
Lot Size
15 Shares
Listing Date
Fri, Jul 6, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.65x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 6,852.39 | 5,860.38 | 5,245.86 |
| Total Income | 10,417.07 | 9,702.27 | 8,239.52 |
| Profit After Tax | 450.78 | 303.39 | 369.82 |
| EBITDA | 916.18 | 675.48 | 591.57 |
| NET Worth | 2,828.01 | 2,185.38 | 1,762.88 |
| Reserves and Surplus | 2,610.70 | 2,168.34 | 1,560.92 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sandhar Technologies Ltd. | Mainboard | ₹512.48 Cr | ₹332 | null | ₹322.15 | -2.97% | ₹616.20 (-1.30%) |
| Uravi T & Wedge Lamps Ltd. | SME | ₹15.00 Cr | ₹100 | null | ₹102.25 | +2.25% | ₹116.35 (-2.77%) |
| Sintercom India Ltd. | SME | ₹42.55 Cr | ₹65 | null | ₹78.00 | +20.00% | ₹80.17 (+2.15%) |
| Goldstar Power Ltd. | SME | ₹7.25 Cr | ₹25 | null | ₹26.30 | +5.20% | ₹7.35 (-2.00%) |
About Varroc Engineering IPO
Incorporated in 1988, Aurangabad based Varroc Engineering Limited is a global tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers ("OEMs")) automotive component group. 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 (by consolidated revenue for FY2017) (Source: CRISIL Research) and a leading tier-1 manufacturer and supplier to Indian two-wheeler and three-wheeler OEMs (by consolidated revenue for FY2017) (Source: CRISIL Research). It is also the sixth-largest global exterior automotive lighting manufacturer and one of the top three independent exterior lighting players (by market share in 2016) (Source: Yole). Varroc has end-to-end capabilities across design, R&D, engineering, testing, manufacturing and supply of various products across the business. It has two primary business lines, namely (i) the design, manufacture and supply of exte
Contact Details
Varroc Engineering Ltd. AddressL-4, MIDC AreaWalujAurangabad, Maharashtra, 431136+91 240 6653 700/6653 699investors@varroc.comVisit Website