Varroc Engineering Limited IPO
Varroc Engineering Limited was a mainboard IPO in the Auto Components & Equipments sector, offered at ₹965–₹967 per share to raise ₹1,955 crore. The issue was subscribed 3.59× overall (QIBs 9.16×, NIIs 2.45×, retail 0.95×). It listed on 6 Jul 2018 at ₹1,015 and closed its first day at ₹1,037, a listing gain of +7.3% versus the ₹967 issue price. It now trades around ₹766 (-20.8% versus the issue price).
Frequently asked questions
- How many times was the Varroc Engineering Limited IPO subscribed?
- The Varroc Engineering Limited IPO was subscribed 3.59× overall — 9.16× in the QIB category, 2.45× among non-institutional investors, 0.95× in retail.
- What were the Varroc Engineering Limited IPO listing gains?
- Varroc Engineering Limited listed on 6 Jul 2018 at ₹1,015, closing its first day at ₹1,037 — a listing gain of +7.3% versus the ₹967 issue price.
- What were the retail allotment odds for the Varroc Engineering Limited IPO?
- Retail was subscribed 0.95×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 2 Jul 2018.
- What was the price band and lot size of the Varroc Engineering Limited IPO?
- The price band was ₹965–₹967 per share, with a minimum lot of 15 shares (₹14,505 at the upper band).
- Who were the registrar and lead manager for the Varroc Engineering Limited IPO?
- Link Intime India Private Limted was the registrar, and Kotak Mahindra Capital was the book-running lead manager.