{"id":84555,"date":"2018-07-06T12:15:46","date_gmt":"2018-07-06T12:15:46","guid":{"rendered":"https:\/\/www.bnreport.com\/varroc-engineering-to-debut-on-bourses-on-friday\/"},"modified":"2018-07-06T12:15:46","modified_gmt":"2018-07-06T12:15:46","slug":"varroc-engineering-to-debut-on-bourses-on-friday","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/varroc-engineering-to-debut-on-bourses-on-friday\/","title":{"rendered":"Varroc Engineering to debut on bourses on Friday"},"content":{"rendered":"

Auto component maker Varroc Engineering<\/a> will make its stock market debut tomorrow after a successful initial public offer that closed last week. <\/p>\n

The company's Rs 1,955-crore IPO<\/a> was subscribed 3.6 times during June 26-28. <\/p>\n

Price band for the offer was fixed at Rs 965-967 per share. <\/p>\n

Varroc Engineering supplies auto parts to Jaguar Land Rover, Bentley, Audi and Harley Davidson. Besides, it supplies auto parts to giants such as Volkswagen, Ford, Honda and Bajaj Auto<\/a>. <\/p>\n

Founded in 1990 in Aurangabad, Varroc is an automotive component manufacturer and supplier of exterior lighting systems, power-trains, electrical and electronics, body and chassis parts to passenger cars and motorcycle segments worldwide. <\/p>\n

Kotak Mahindra Capital, Citigroup Global Markets India, Credit Suisse<\/a> Securities India and IIFL Holdings managed the issue. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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