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Varroc Engineering Ltd
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Registered Office:
L-4 MIDC,Waluj
,
Aurangabad (Maharashtra)
-
431136
,
Maharashtra
, India.
Phone :
91-240-6653700/6653699 Fax:91-240-2564540
Email : investors@varroc.com; varroc.info@varroc.com
Website : www.varroc.com
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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 Rs967 per equity share (the "offer price") aggregating Rs1954.96 crores through an offer for sale of (i) 1,752,560 equity shares aggregating to Rs169.43
crores by, the promoter, Tarang Jain ("promoter selling shareholder"); (ii) 16,917,130 equity shares aggregating to Rs1635.49 crores by Omega TC Holdings Pte Ltd ("investor selling shareholder 1"); and (iii) 1,552,040 equity shares aggregating to Rs150.05 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 Rs9.19 crores, for subscription by eligible employees (the "employee reservation portion") at a discount of 4.96% (equivalent to Rs48) 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: Rs967 per equity share of face value of Re. 1 each.
Anchor Investor Offer Price: Rs967 per equity share.
The Offer price is 967 times the face value.
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Opens On
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Closes On
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Application
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Allotment
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26-Jun-18
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28-Jun-18
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Rs 967.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :15 Further
Multiples of :15
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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78.47
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| Citigroup Global Markets India Pvt Ltd |
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Project Financed through Current Offer
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1954.96
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Post Issue Equity Share Capital
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13.48
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Issue Price
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Rs 967.00
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