{"id":713,"date":"2018-06-20T23:59:13","date_gmt":"2018-06-20T18:29:13","guid":{"rendered":"http:\/\/www.bazaarindicator.com\/news\/?p=713"},"modified":"2018-06-20T23:59:13","modified_gmt":"2018-06-20T18:29:13","slug":"aurangabad-based-varroc-engineering-ipo-open-26th-june-raise-fund-1950-crore","status":"publish","type":"post","link":"http:\/\/www.bazaarindicator.com\/news\/aurangabad-based-varroc-engineering-ipo-open-26th-june-raise-fund-1950-crore\/","title":{"rendered":"Aurangabad Based Varroc Engineering IPO to Open on 26th June to Raise Fund Up to 1950 Crore"},"content":{"rendered":"<p style=\"text-align: justify;\">The auto component-maker Varroc Engg announced INR 1,950 Crore (approx.) initial public offer that opens on 26th June and the price band is INR 965 \u2013 967. This offer consists of a fresh issue of 20,221,730 equity shares for sale by existing investors and promoters.<\/p>\n<p><strong>Let\u2019s have a look at the IPO details:<\/strong><\/p>\n<p><strong>Issue Open:<\/strong> 26th June \u2013 28th June 2018<\/p>\n<p><strong>Issue Size:<\/strong> 20,121,730 equity shares<\/p>\n<p><strong>Minimum Order Quantity:<\/strong> 15 Shares<\/p>\n<p><strong>Issue Price:<\/strong> INR 965 \u2013 967<\/p>\n<p><strong>Listing at:<\/strong> BSE &amp; NSE<\/p>\n<p>The promoters are Tarang Jain, Tata Capital Financial Services Limited and Omega TC Holdings Pte. Ltd.<\/p>\n<p><strong>About Varroc Engineering:<\/strong><\/p>\n<p style=\"text-align: justify;\">Incorporated in 1990, Varroc Engineering is Aurangabad based global automotive component manufacturer &amp; supplier of power-trains, body &amp; chassis parts to passenger cars, exterior lighting systems, motorcycle segments, electrical and electronics worldwide.<\/p>\n<p style=\"text-align: justify;\">Varroc Engg is the second biggest Indian Auto component manufacturer and supplier group (Source: CRISIL Research). It has end-to-end capabilities across design, engineering, R&amp;D, manufacturing, testing and supply of numerous products across the business.<\/p>\n<p>Note: Image credit:\u00a0varrocgroupamd.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The auto component-maker Varroc Engg announced INR 1,950 Crore (approx.) initial public offer that opens on 26th June and the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,8],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aurangabad Based Varroc Engineering IPO to Open on 26th June to Raise Fund Up to 1950 Crore<\/title>\n<meta name=\"description\" content=\"The auto component-maker Varroc Engg announced INR 1,950 Crore (approx.) initial public offer that opens on 26th June and the price band is INR 965 \u2013 967.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.bazaarindicator.com\/news\/aurangabad-based-varroc-engineering-ipo-open-26th-june-raise-fund-1950-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aurangabad Based Varroc Engineering IPO to Open on 26th June to Raise Fund Up to 1950 Crore\" \/>\n<meta property=\"og:description\" content=\"The auto component-maker Varroc Engg announced INR 1,950 Crore (approx.) initial public offer that opens on 26th June and the price band is INR 965 \u2013 967.\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.bazaarindicator.com\/news\/aurangabad-based-varroc-engineering-ipo-open-26th-june-raise-fund-1950-crore\/\" \/>\n<meta property=\"og:site_name\" content=\"News Analysis\" \/>\n<meta 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