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As on :May 29,2015 10 : 19 AM
IPO Synopsis
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Varroc Engineering Ltd
  • Registered Office: L-4 MIDC,Waluj, Aurangabad (Maharashtra) - 431136, Maharashtra, India. Phone : 91-240-6653700/6653699   Fax:91-240-2564540
  • Email : investors@varroc.com
  • Website :www.varrocgroup.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
Opens On Closes On
26-Jun-18 28-Jun-18
Money Payable On
Application Allotment
967.00 0.00
Minimum Application for shares in Nos : 15 Further Multiples of : 15
RsCr Lead Managers to the Issue
Project Cost (Rs.Cr) 78.47 Citigroup Global Markets India Pvt Ltd
Project Financed through Current Offer (Rs.Cr) 1954.96  
Post Issue Equity Share Capital (Rs.Cr) 13.48
Issue Price (Rs) 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
For Business enquiry, call on: 011 45046022 / 45046000 or email to: partner@skicapital.net   contact@skicapital.net
SKI CAPITAL SERVICES LIMITED CIN : U74899DL1993PLC054443 / SKI CONSULTANCY SERVICES LIMITED CIN : U74140DL1999PLC098321
Surya Kiran Investment & Capital Services Pvt. Ltd.  * Insurance is in the name of Surya Kiran Investment & Capital Services Ltd. IRDA No: CA0177
   Address: 718, Dr. Joshi Road, Karol bagh, New Delhi 110 005
Hit Count : 7876594
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CIN: U67190DL2012PTC246572, IRDA No: CA0177, AMFI- ARN-118937. NSE Cash / F&O / Currency- INB / INF / INE-230815339, BSE Cash /F&O-INB / INF010815331, BSE Currency- Exchange Regn., MSEI Currency- INE260815339, DP IN-DP-NSDL-129-2000, DPID IN 301508, IRDA Reg. No.CA0490, SKI Consultancy Services Ltd Member: NCDEX, MCX, SEBI Reg No INZ00005283, M. No. NCDEX 00433, MCX 16200.
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