Varroc Engineering ipo to hit the market on 26th June and ends on 28nd June. The company looks good with their financial results for last 3 years where their profit looks on a higher side. The price band seems to be on a higher side and the face value being Rs.1 is a concern for the investors. The grey market is looking on a lower side for the ipo as well. Let’s see how investors will look at it. Will you subscribe? Check Varroc Engineering ipo gmp by day to day.
Varroc Engineering IPO Subscription: (Fully Subscribed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 1.04 | 3.18 | 9.15 |
| HNI | 0.01 | 0.04 | 2.45 |
| RII | 0.06 | 0.22 | 0.95 |
| EMP | 0.10 | 0.34 | 0.65 |
| Total | 0.33 | 1.02 | 3.59 |
Varroc Engineering IPO Review:
- Good for Long Term
Varroc Engineering IPO Dates & Price Band: (Approx)
- IPO Open: 26-June-2018
- IPO Close: 28-June-2018
- IPO Size: Approx Rs.1945 Crore (Approx)
- Face Value: Rs.1 Per Equity Share
- Price Band: Rs. 965 to 967 Per Share
- Listing on: BSE & NSE
- Retail Portion: 35%
- Equity: 2,02,21,730 Shares
Varroc Engineering IPO Market Lot:
- Shares: Apply for 15 Shares (Minimum Lot Size)
- Amount: Rs.14,505
Varroc Engineering IPO Allotment & Listing:
- Basis of Allotment: 3-July-2018
- Refunds: 4-July-2018
- Credit to demat accounts: 5-July-2018
- Listing: 6-July-2018
