Varroc Engineering Limited IPO to open for subscription on June 26, 2018

The Initial Public Offering (IPO) of Varroc Engineering Limited will open for subscription on Tuesday, June 26, 2018. The company is coming out Initial Public offer of 20,221,730 Equity Shares of face value of Rs. 1 through 100% Book Building in a price band of Rs 965 to Rs 967.

The company offers Discount of Rs.48/- per Equity Share for Eligible Employees category.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited and Credit Suisse Securities (India) Private Limited are the Global Co-ordinators and Book Running Lead Managers to the IPO. IIFL Holdings Limited is also a Book Running Lead Manager to the issue.

Kotak Securities Limited and IIFL Securities Limited are Syndicate Members to the IPO. Link Intime India Private Limted is the registrar to the company.

The IPO will close for subscription on Thursday, June 28, 2018.

Source : Equity Bulls

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