Varroc Engineering Limited IPO GMP

Varroc Engineering Limited IPOVarroc is a global automotive component manufacturer and supplier of exterior lighting systems, powertrains, electrical and electronics, body and chassis parts to passenger car and motorcycle segments worldwide.

The company was founded by Tarang Jain in 1990 and is currently headquartered at Aurangabad in Maharashtra, India with 35 manufacturing facilities and 11 engineering centres in 10 countries across three continents

Varroc was established by Tarang Jain in 1990, in Aurangabad, India with commencement of companys polymer division. Between 1992 and 1998, the company focused on product diversification and capacity expansion and started its electrical and metallic division. Varroc started to more polymer manufacturing facilities in 1997 in Pune and Aurangabad.

In 2001, Varroc expanded its development capabilities by collaborating with Mitsuba Corporation, a Japanese manufacturer of automobile parts.The company collaborated with Brussels based materials technology company, Umicore, in 2005 and started production of automotive catalytic converter.

Between 2007 and 2010, Varroc acquired IMES, Poland and Italy to strengthen forging business in European markets, off-road and oil drilling industry. The company also invested in manufacturing capability for polymers in National Capital Region to cater to OEMs in North India.

In 2011, Varroc acquired European two wheeler lighting organization Tri.O.M. S.p.A. including its R&D center. In 2012, Varrocs turnover crossed USD 1 billion mark with acquisition of Visteons Lighting Business along with its two R&D centers
Varroc established its eighth polymer plant in Pithampur, Indore, in 2012, which caters to Volvo, Eicher and Mahindra Two Wheelers.Another polymer plant was established in Bengaluru that caters to HMSI and passenger car segment. The company also invested in design and set up of the 10th polymer plant at Chennai to supply Yamaha Motor Company.

In 2015, Varroc partnered with UK Based manufacturer and supplier Scorpion Automotive Ltd to provide security based products for two wheelers.

(Source :-

Below are Details of Grey Market Premium (GMP) and Kostak Rate of Varroc Engineering Limited IPO.Please note GMP is only work when subscription figure is high.Always looks for subscription figure before looking to Grey Market Premium (GMP).Grey Market Premium (GMP) may go up or down depend on Subscription figure.Subscription figure is available on Home page for main line IPO and SME page for SME IPO.

IdGrey Market PremiumKostak RateRate Date
4920-22 Rs 03 Jul 2018
4622-24 Rs (Down because of low subscription figure) 29 Jun 2018
4345-50 Rs (Same as last day)350 Rs28 Jun 2018
4045-50 Rs (Seller, GMP weak)35027 Jun 2018
3960-62 Rs400 Rs26 Jun 2018
3260-65 Rs400 Rs25 Jun 2018
2865-68 Rs300 Rs22 Jun 2018
2580-85 Rs400 Rs21 Jun 2018
22-30020 Jun 2018

Your Comment:
 8 + 2 

admin Jul 6 2018 2:13:06 PM
@Hitesh Unadkat, Only in retail category it's under subscribe. For QIB and HNI it's over subscribe. 967 Rs was fixed. QIB will be assign the share if Retail is under subscribe.

admin Jul 6 2018 2:08:51 PM
Varroc Engineering shares debut at ₹ 1,015, up 5% over issue price Hold for long term.

Rajneesh Jul 4 2018 3:44:33 PM
@Admin, when it would be listed? any chance for listing gain or hold for long time.

Hitesh Unadkat Jul 4 2018 11:04:43 AM
As issue is under subscribe and so many individuals have subscribe at some price point and not at cut off. Then also why allotment at the max price?

admin Jul 3 2018 11:59:07 AM
gmp updated in IPO GMP discussion forum

Xyz Jun 30 2018 9:11:08 PM

admin Jun 29 2018 12:17:51 PM
GMP is down. Updated in IPO GMP Discussion forum.

admin Jun 29 2018 12:17:17 PM
@Ravi, Very less chance of Allotment in RITES. Hope you got your sweets :D

Ravi Jun 28 2018 5:37:39 PM
Rites ipo out now.anybody got ??

admin Jun 28 2018 4:04:08 PM
Company is good. doing good business. Negative point is it's highly price. However now a days IPO is already highly price. Second negative point is Auto sector in bear mode. For long-term it will defiantly good bat. Short-term it may give minor listing gain.

Hardik Jun 28 2018 3:53:31 PM
Have kevo khule tem che plus k minus?? 8 time qib and 2 time nii ma bharayo to positive che k nagative??

aravind Jun 28 2018 3:43:30 PM
Admin could you please let me know whether can we subscribe or not?

Ravi Jun 28 2018 2:32:50 PM
Thank you admin.

Chetal Jun 28 2018 2:02:23 PM
Seems like retail part will be undersubscribed

Sha Jun 28 2018 11:46:28 AM
It will b allotted to qib and hni on proportionate basis

Marvelous Jun 28 2018 11:32:56 AM
Hello,Good Morning. If Every Category is not Fully Subscribed then what happen to that Category Share. E.g. IF RII and NII is not fully Subscribed and QIB is Morethan 3 times

admin Jun 28 2018 11:09:48 AM
Latest GMP has been updated in IPO GMP Discussion forum.

admin Jun 28 2018 11:09:18 AM
@Ravi, After the closing of IPO over subscription ratios are calculated for each of the categories (QIB,HNI and Retail) as against the shares reserved for each of the categories in the offer document. Within each of these categories, the bids are then segregated into different buckets based on the number of shares applied for. The over subscription ratio is then applied to the number of shares applied for and the number of shares to be allotted for applicants in each of the buckets is determined. Then, the number of successful allottees is determined. This full process is known as finalise of allotment. After above process finalize, the allotment will be out. mostly on second day after finalise of allotment. Hope this is clear.

Ravi Jun 28 2018 10:40:49 AM
What is the difference between finalise of allotment and allotment out??please clarify admin..

admin Jun 27 2018 7:24:02 PM
@ravi, allotment will be tomorrow. same has been mention in IPO news section. please note finalize of allotment and allotment out is different procedure.

Ravi Jun 27 2018 5:14:57 PM
When is allotmenton or before 27th mentioned in this site??

Ravi Jun 27 2018 4:57:26 PM
I contacted link register they told allotment is on 29th due to updation??

admin Jun 27 2018 4:42:55 PM
different story here. RII was applied very less. and QIB in force.. may be because money is blocked in other two ipo. tomorrow will be interesting. if QIB > 10x and HNI > 20x then go ahead.

Mohit Jun 27 2018 4:03:08 PM
QIB is now over 3x times

admin Jun 27 2018 1:09:43 PM
GMP down. Latest GMP updated in IPO GMP Section

Naresh Jun 26 2018 4:36:55 PM
Thanks admin to solve my the figure is good. IPO may become interesting on last day due to FII entry. Thanks

hardik Jun 26 2018 4:28:02 PM
are Mitro thodu risk to levuj pade bhari do ipo best j che last time sudhi raah jova ma bhari nai sako eni karta bhari j do pele divase

admin Jun 26 2018 3:45:47 PM
@Naresh, QIB and HNI are not allow to withdraw the application after bid submitted to exchange.. Its not possible them to bid first day and withdraw last day.

Naresh Jun 26 2018 3:32:15 PM
Dear Admin, I have question, That here Foreign investor apply on first day? is it possible that they want to tray retail and other subscriber and last day they withdraw their application?

Naresh Jun 26 2018 2:54:14 PM
Simple funda is , if subscription is good on las t day, then apply based on subscription..there is nothing like good and bad.. So wait for last day and then decide whether to apply or not.

Ravi Jun 26 2018 2:18:47 PM
What about retail investors?? All brokers telling subscription with caution, long-term.??????

admin Jun 26 2018 1:47:45 PM
QIB Fully subscribed on first day. All subscription from FII. Interesting !!!!!

VJ Jun 26 2018 11:48:20 AM
Only for high risk investor. Avoid for all others.

admin Jun 26 2018 11:00:20 AM
Latest GMP updated in IPO GMP Discussion section.