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IPO

IPO Details


Varun Industries Ltd
Registered Office: 13 Shankeshwar Darshan, A G Pawar Cross Lane Byculla-E, Mumbai - 400027, Maharashtra
Phone: 91-22-23727400
Email: investor_relation@varun.com
Website: www.varun.com
Public issue of 90,00,000 equity shares of face value of Rs.10/- each of Varun Industries Limited (hereinter referred to as the "company" or "issuer") at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.54.00 Crores (hereinafter referred to as the "issue") comprising promoters' contribution of 24,30,000 equity shares of Rs.10/- each at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.14.58 Crores (hereinafter referred to as the "promoters' contribution"). The net issue to the public is 65,70,000 equity shares of Rs.10/- each at a price of Rs.60/- for cash at a premium of Rs.50/- per equity share aggregating to Rs.39.42 Crores (hereinafter referred to as the "net issue"). The net issue would constitute 29.71% of post issue paid up capital of our company. The issue price of Rs. 60/- per equity share is 6 times the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
25-Oct-2007 31-Oct-2007 ₹ 60.00 ₹ 0.00
Minimum Application for shares in Nos : 100.0 Further Multiples of : 100.0
(₹)Cr. Lead Managers to the Issue
Project Cost 55.24 IDBI Capital Market Services Ltd
Project Financed through Current Offer 54.00
Post Issue Equity Share Capital 22.11
Issue Price ₹60.00
Projects
Brand Building &Launching products in Domestic Mkt
Margin Money for Working Capital requirements
Promoted By
Kiran N Mehta
Kailash S Agarwal
Virendra N Mehta
Listing At
BSE
NSE
Registrar to the Issue
No Data Available

INDIAN INDICES

Sensex

83,399.89 -33.00 (-0.04%)

Nifty

25,456.20 -4.80 (-0.02%)

GLOBAL INDICES

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NASDAQ
HANG SENG

23,916.07 -153.88(-0.64%)