Fixed Price IPO | ₹54 Cr | Listed at BSE, NSE | Thu, Oct 25, 2007 - Wed, Oct 31, 2007
Varun Industries IPO is a fixed price issue of ₹54.01 crores. The issue is entirely a fresh issue of 0.90 crore shares of ₹54.01 crore.
Varun Industries IPO bidding started from Oct 25, 2007 and ended on Oct 31, 2007. The shares got listed on BSE, NSE on Nov 22, 2007.
Varun Industries IPO price is ₹60 per share. The lot size for an application is 100. The minimum amount of investment required by an individual investor (retail) is ₹6,000 (100 shares) (based on upper price). The lot size investment for sNII is 34 lots (3,400 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (16,700 shares), amounting to ₹10,02,000.
IDBI Capital Markets Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Varun Industries IPO RHP for detailed Information.
IPO Open
Thu, Oct 25, 2007
IPO Close
Wed, Oct 31, 2007
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹132.68 Cr
| IPO Date | 25 to 31 Oct, 2007 |
| Listed on | Thu, Nov 22, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 90,01,145 shares (agg. up to ₹54 Cr) |
| Reserved for Private Promoter | 24,30,000 shares (agg. up to ₹15 Cr) |
| Fresh Issue | 65,71,145 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 65,71,145 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 1,31,12,800 shares |
| Share Holding Post Issue | 2,21,12,800 shares |
| BSE Script Code / NSE Symbol | 532917 / VARUN |
| ISIN | INE032G01012 |
Varun Industries IPO comprises a total issue size of 65,70,000 shares. The net offer to the public is 41,40,000 shares, after excluding 24,30,000 shares allotted on a firm basis. Of the Net offer 32,85,000 (50.00%) allocated to NII 32,85,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| NII (HNI) Shares Offered | 32,85,000 | 50.00% | 50.00% | NA |
| Retail Shares Offered | 32,85,000 | 50.00% | 50.00% | 32,850 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 24,30,000 | 36.99% | NA | |
| Total Shares Offered | 65,70,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,000 |
| Retail (Max) | 33 | 3,300 | ₹1,98,000 |
| S-HNI (Min) | 34 | 3,400 | ₹2,04,000 |
Incorporated in 1996, Varun Industries Limited is in the business of exporting stainless steel kitchenware and house ware items. Varun Industries produce and export around 1500 varieties of kitchenware, house ware, tableware, cutlery and other items of various types. Company produces these products through domestic suppliers and exporting them to many countries across the globe.
Varun Industries is currently building an in-house manufacturing and warehousing facility at Vasai (E), district Thane near Mumbai. The facility will start production in next few months which will increase the profit margin significantly. Company is also planning to sell these items in domestic market.
Varun Industries has also ventured into other businesses like power generation through windmill and hydroelectric power, iron & ore mining and oil and gas drilling.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the expenditure required for launching of our Stainless Steel Kitchenware and Houseware items as well as Brand building in the domestic market. | 10.00 |
| 2 | Meeting the margin money requirement for enhanced working capital | 40.74 |
| 3 | Gaining the benefits of listing of our Equity Shares | 4.50 |
| KPI | |
|---|---|
| RoNW | 19.24% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 83.25% | 60.36% |
| Market Cap | ₹132.68 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, Marketing and Selling Commissions | 2.45 |
| 2 | IPO Grading Expenses | 0.04 |
| 3 | Advertisement and Marketing Expenses | 1.00 |
| 4 | Printing and Stationery, Distribution, Postage, etc. | 0.81 |
| 5 | Others (Registrar fees, legal fees etc.) | 0.19 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹60.00 | ₹60.00 |
| Open | ₹105.00 | ₹105.00 |
| Low | ₹94.20 | ₹93.60 |
| High | ₹150.00 | ₹140.00 |
| Last Trade | ₹112.65 | ₹112.20 |
Lead Manager Reports
Varun Industries IPO is a main-board IPO of 90,01,145 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 100.
The IPO opens on Thu, Oct 25, 2007, and closes on Wed, Oct 31, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Varun Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Varun Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Varun Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Varun Industries IPO opens on Thu, Oct 25, 2007 and closes on Wed, Oct 31, 2007.
Varun Industries IPO lot size is 100, and the minimum amount required for application is ₹6,000.
You can apply in Varun Industries 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 Varun Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Varun Industries IPO allotment status.
The Varun Industries IPO listing date is on Thu, Nov 22, 2007.
