What is the price band of the Varroc Engineering IPO?

The price band is ₹965–967 per share, and the final issue price is ₹967.

What is the lot size of the Varroc Engineering IPO?

One lot is 15 shares, so the minimum retail bid is ₹14,505 at the upper end of the price band.

When is the Varroc Engineering IPO listing date?

The shares listed on 06 July 2018.

How many times was the Varroc Engineering IPO subscribed?

It was subscribed 3.59x overall: QIB 9.16x, NII 2.45x and retail 0.95x (NSE and BSE together).

Varroc Engineering IPO

Varroc Engineering Limited (VARROC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 July 2018.

Listed 6 Jul Subscribed 3.59x Listing gain +5.0%

Issue details

Price band

₹965–967

Issue price

₹967

Lot size

15 shares

Min. retail bid

₹14,505

Max. retail bid

13 lots (₹1,88,565)

Issue size

₹1,955 Cr

Face value

₹1

Bidding

26 Jun – 28 Jun 2018

Listing

06 Jul 2018

Retail quota

35%

Registrar

Link Intime India Private Limted

Listing day

Listed at

₹1,015

+5.0% vs issue price ₹967

Day's high

₹1,062

+9.8% · low ₹1,000 (+3.4%)

Day's close

₹1,037

+7.3% · traded ₹1,493 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	40,24,346	3,68,54,145	9.16x
NII (HNI) total	30,18,260	74,06,715	2.45x
Retail	70,42,606	66,59,190	0.95x
Employees	1,00,000	64,530	0.65x
Total	1,41,85,212	5,09,84,580	3.59x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Varroc Engineering's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Laurus LabsDec 2016	10.5x	3.58x	1.67x	4.57x	₹1,334 Cr	+14.5%	+16.4%
ICICI Lombard General Insurance CompanySep 2017	8.17x	0.83x	1.23x	2.98x	₹5,701 Cr	-1.5%	+5.0%
Sheela FoamDec 2016	14.5x	3.35x	0.44x	5.09x	₹548 Cr	+17.8%	+41.4%
L&T Technology ServicesSep 2016	5.01x	1.03x	1.75x	2.53x	₹894 Cr	+7.0%	+8.3%
HDFC Standard Life Insurance CompanyNov 2017	16.6x	2.29x	0.94x	4.90x	₹8,695 Cr	+6.9%	+27.2%
SBI Life Insurance CompanySep 2017	12.6x	0.70x	0.85x	3.58x	₹8,400 Cr	+5.0%	+5.7%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
IIFL Holdings	—	—	—

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip) Anchor allocation (zip)

Frequently asked

What is the Varroc Engineering IPO price band and lot size? ₹965–967 per share, with a lot of 15 shares, so the smallest retail bid is ₹14,505.

How many times has it been subscribed? 3.59x overall: QIB 9.16x, NII 2.45x, retail 0.95x, employees 0.65x.

How did it list? It opened at ₹1,015, +5.0% against the issue price of ₹967, and closed its first day +7.3%.

Other IPOs of 2018

Dinesh Engineers Garden Reach Shipbuilders & Engineers Aavas Financiers Ircon International HDFC Asset Management Company TCNS Clothing Co.RITES Fine Organic Industries All 2018 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.