IPO News
Home >> Markets >> Equity >> News >> IPO News Detailed News
Varroc Engineering attracts small premium on debut
(17:10, 06 Jul 2018)

The Varroc Engineering stock listed at Rs 1,032 on the BSE , a premium of 6.72% over the issue price of Rs 967. The stock had hit a high of Rs 1,062 and low of Rs 1,000 during the day. 22.75 lakh shares were traded on the counter on the BSE.

The initial public offer (IPO) of Varroc Engineering received bids for 5.09 crore shares, National Stock Exchange of India (NSE) data showed. The IPO was subscribed 3.59 times. The issue opened for subscription on 26 June 2018 and closed on 28 June 2018. The price band for the issue was fixed at Rs 965 to Rs 967 per share.

The qualified institutional buyers (QIBs) category was subscribed 9.16 times. The non institutional investors category was subscribed 2.45 times. The retail individual investors (RIIs) category was subscribed 0.95 times.

On a consolidated basis, Varroc Engineering reported profit after tax of Rs 450.26 crore on total income of Rs 10278.83 crore in the year ended 31 March 2018.

Varroc Engineering is a global tier-1 automotive component group. It designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electrical-electronics components, and precision metallic components to passenger car (PC), commercial vehicle (CV), two-wheeler(2W), three-wheeler (3W) and off highway vehicle (OHW) original equipment manufacturers (OEMs) directly worldwide.

Powered by Capital Market - Live News

Adani Ports & Special Economic Zone Ltd     360.05   Up   4.80 (1.35%)   Asian Paints Ltd     1,321.30   Up   14.45 (1.11%)   Axis Bank Ltd     625.60   Up   12.95 (2.11%)   Bajaj Auto Ltd     2,604.15   Down   -62.35 (-2.34%)   Bajaj Finance Ltd     2,428.00   Up   47.90 (2.01%)   Bajaj Finserv Ltd     5,851.60   Up   163.05 (2.87%)   Bharat Petroleum Corporation Ltd     327.15   Up   4.25 (1.32%)   Bharti Airtel Ltd     332.75   Up   0.80 (0.24%)   Bharti Infratel Ltd     258.80   Down   -1.50 (-0.58%)   Cipla Ltd     522.10   Up   1.40 (0.27%)   Coal India Ltd     261.20   Down   -0.25 (-0.10%)   Dr Reddys Laboratories Ltd     2,599.00   Up   155.85 (6.38%)   Eicher Motors Ltd     24,170.45   Down   -425.35 (-1.73%)   GAIL (India) Ltd     345.00   Up   0.95 (0.28%)   Grasim Industries Ltd     860.65   Up   22.70 (2.71%)   HCL Technologies Ltd     985.85   Down   -23.10 (-2.29%)   HDFC Bank Ltd     2,020.00   Up   7.55 (0.38%)   Hero Honda Motors Ltd     2,913.00   Down   -47.10 (-1.59%)   Hindalco Industries Ltd     223.30   Up   1.35 (0.61%)   Hindustan Petroleum Corporation Ltd     246.10   Up   2.85 (1.17%)   Hindustan Unilever Ltd     1,687.45   Down   -6.55 (-0.39%)   Housing Development Finance Corporation Ltd     1,867.05   Down   -9.75 (-0.52%)   ICICI Bank Ltd     356.70   Down   -1.20 (-0.34%)   Indiabulls Housing Finance Ltd     707.95   Up   1.35 (0.19%)   Indian Oil Corporation Ltd     142.00   Up   2.95 (2.12%)   IndusInd Bank Ltd     1,547.55   Down   -10.30 (-0.66%)   Infosys Technologies Ltd     619.85   Down   -21.55 (-3.36%)   ITC Ltd     281.20   Down   -2.65 (-0.93%)   JSW Steel Ltd     326.35   Down   -1.90 (-0.58%)   Kotak Mahindra Bank Ltd     1,176.70   Up   6.75 (0.58%)   Larsen & Toubro Ltd     1,403.15   Down   -9.95 (-0.70%)   Mahindra & Mahindra Ltd     769.35   Down   -13.25 (-1.69%)   Maruti Suzuki India Ltd     7,440.00   Up   106.05 (1.45%)   NIFTY (S&P CNX)     10,601.90   Down   -54.30 (-0.51%)   NTPC Ltd     148.05   Down   -1.10 (-0.74%)   Oil & Natural Gas Corpn Ltd     152.20   Down   -0.90 (-0.59%)   Power Grid Corporation of India Ltd     182.60   Down   -5.80 (-3.08%)   Reliance Industries Ltd     1,114.65   Down   -22.75 (-2.00%)   State Bank of India     287.40   Up   3.95 (1.39%)   Sun Pharmaceuticals Industries Ltd     532.85   Up   7.40 (1.41%)   Tata Consultancy Services Ltd     1,810.90   Down   -67.35 (-3.59%)   Tata Motors Ltd     184.45   Up   0.70 (0.38%)   Tata Steel Ltd     552.40   Down   -10.90 (-1.94%)   Tech Mahindra Ltd     690.60   Down   -19.10 (-2.69%)   Titan Company Ltd     925.00   Up   9.55 (1.04%)   UltraTech Cement Ltd     4,043.05   Up   66.60 (1.67%)   UPL Ltd     776.20   Up   17.00 (2.24%)   Vedanta Ltd     202.55   Down   -2.70 (-1.32%)   Wipro Ltd     314.75   Down   -6.55 (-2.04%)   Yes Bank Ltd     197.60   Up   5.50 (2.86%)   Zee Entertainment Enterprises Ltd     438.30   Down   -9.80 (-2.19%)      NSE Data  -  www.nseindia.com (5 minutes delayed) syndicated by www.cmots.com