Varroc Engineering IPO

magnet

Active member
#1
IPO opening date: 26-June-2018

IPO closure date: 28-June-2018

Face Value: Rs 1 per share

Issue price band: Rs 965 to Rs 967 per share

Issue size: 1,945 Crores

IPO Lot size: 15 shares and 15 shares, there-off

Minimum investment: Rs 14,505 on higher price band

Leading Managers: Kotak Mahindra Capital, Citigroup Global Markets, Credit Suisse Securities, IIFL Holdings

Listing: BSE / NSE

https://myinvestmentideas.com/2018/06/varroc-engineering-ipo-review/
 

Alchemist

Administrator
Staff member
#2
Varroc Engineering is a good and stable company.

It can be a good long-term investment.

Valuations may not seem expensive compared to other auto component stocks, but (in my opinion) most auto component stocks are very expensive right now and same is true for this IPO.

One can apply for listing gains or long-term investment.

Medium-term returns will depend on overall market conditions.

It's a Rs. 2000 crore IPO and thus I will wait till the last day to make sure there is enough demand for it.

There is Rs. 50 grey market premium for this IPO.
 

Alchemist

Administrator
Staff member
#3
Demand hasn't picked up.

I am skipping this one.

The stock may still list at a premium if market sentiment improves next week.
 
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