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IPO Details


Varroc Engineering Ltd
Registered Office: L-4 MIDC, Waluj, Aurangabad (Maharashtra) - 431136, Maharashtra
Phone: 91-240-6653700/6653699
Email: investors@varroc.com; varroc.info@varroc.com
Website: www.varroc.com
Initial public offering of 20,221,730 equity shares of face value of Re. 1 each (the equity shares) of the company for cash at a price of Rs. 967 per equity share (the offer price) aggregating Rs. 1954.96 crores through an offer for sale of (i) 1,752,560 equity shares aggregating to Rs. 169.43 crores by, the promoter, Tarang Jain (promoter selling shareholder); (ii) 16,917,130 equity shares aggregating to Rs. 1635.49 crores by Omega TC Holdings Pte Ltd (investor selling shareholder 1); and (iii) 1,552,040 equity shares aggregating to Rs. 150.05 crores by Tata Capital Financial Services Limited (investor selling shareholder 2, who along with investor selling Shareholder 1 are collectively hereinafter referred to as investor selling shareholders), (the offer for sale or the offer' and such shareholders offering their respective equity shares in the offer for sale are collectively hereinafter referred to as the selling shareholders and individually as a selling shareholder). The offer includes a reservation of 100,000 equity shares aggregating to Rs. 9.19 crores, for subscription by eligible employees (the employee reservation portion) at a discount of 4.96% (equivalent to Rs. 48) on the offer price (employee discount) . The offer less the employee reservation portion is the net offer and such net offer aggregates 20,121,730 equity shares. The offer and the net offer constitute 15% and 14.93%, respectively, of the post-offer paidup Equity share capital of the company. Offer Price: Rs.967 per equity share of face value of Re. 1 each. Anchor Investor Offer Price: Rs.967 per equity share. The Offer price is 967 times the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
26-Jun-2018 28-Jun-2018 967.00 0.00
Minimum Application for shares in Nos : 15 Further Multiples of : 15
()Cr. Lead Managers to the Issue
Project Cost 78.47 Citigroup Global Markets India Pvt Ltd
Project Financed through Current Offer 1,954.96
Post Issue Equity Share Capital 13.48
Issue Price 967.00
Projects
Listing of Shares on the Stock Exchanges
Promoted By
Tarang Jain
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd

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