Bookbuilding IPO | ₹1,200 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Varindera Constructions Ltd. on January 23, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Varindera Constructions Ltd. IPO is a Book Build Issue of ₹1,200.00 crores consisting of a fresh issue of shares worth Rs ₹900.00 crores and an offer for sale (OFS) of ₹300.00 crores.
The equity shares are proposed to be listed on NSE and BSE. ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Varindera Constructions IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹1,200 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹900 Cr) |
| Offer for Sale | [.] shares of ₹1 (agg. up to ₹300 Cr) |
| Share Holding Pre Issue | 15,49,80,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 30, 2024 |
| SEBI/Exchange approval received | Thu, Jan 23, 2025 |
| SEBI approval expired | Fri, Jan 23, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Varindera Constructions Limited (VCL), founded in 1987, is a leading Indian company specializing in engineering, procurement, and construction (EPC) services.
The company builds a variety of projects, including:
The company’s construction projects are classified into the following verticals: Residential building, Commercial building – railway, Commercial building – complex and offices, Institutional building, Healthcare building and Infrastructure projects.
VCL recently secured a Rs 532 crore contract from Smartworld Developers for the 'Sky Arc' project, which spans 6.9 acres.
As of March 31, 2024, VCL had 1,810 employees, including 304 in-house engineers with expertise in modern construction equipment and machinery, ensuring efficient project execution.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 1,074.06 | 755.99 | 527.05 |
| Total Income | 1,403.98 | 1,063.81 | 997.15 |
| Profit After Tax | 143.38 | 109.01 | 76.15 |
| NET Worth | 505.49 | 363.08 | 253.81 |
| Reserves and Surplus | 504.87 | 362.47 | 253.19 |
| Total Borrowing | 348.15 | 236.14 | 149.38 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards purchase of equipments. | 160.11 |
| 2 | Funding the working capital requirements of the Company. | 155.00 |
| 3 | Repayment/prepayment in full or in part, of certain outstanding borrowings availed by the Company. | 359.89 |
| 4 | General corporate purposes. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 33.02% |
| ROCE | 25.03% |
| Debt/Equity | 0.39 |
| RoNW | 33.02% |
| PAT Margin | 10.32% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.25 | |
| Promoter Holding | 99.81% |
Varindera Constructions IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹1,200 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Varindera Constructions IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Varindera Constructions IPO using UPI as a payment gateway. Zerodha customers can apply in Varindera Constructions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Varindera Constructions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Varindera Constructions IPO dates are not announced. Please check back again after some time.
Varindera Constructions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Varindera Constructions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Varindera Constructions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Varindera Constructions IPO allotment status.
The Varindera Constructions IPO listing date is not yet announced. The tentative date of listing is .
