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Varroc Engineering Limited IPO Message Board (Page 17)

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114. CoolWorld |   Link |  Bookmark | June 27, 2018 1:12:25 PM
2ND DAY SUBS FIGURE ????
113. Lakshya |   Link |  Bookmark | June 27, 2018 1:05:05 PM
What is the latest subscription figure
112. Sagar Hirani |   Link |  Bookmark | June 27, 2018 10:51:08 AM
Apply in this IPO.....
2nd largest auto ancillary company in India....
By looking at Anchor investor list i feel it will list in between 1300 and 1400.
112.2. Sagar Hirani |   Link |  Bookmark | June 27, 2018 12:37:53 PM
that is what i feel...else we will see on listing
112.3. IPOANALYSIS |   Link |  Bookmark | June 27, 2018 12:57:35 PM
hhahah
listing of 1300 ,what a joke. its almost a fully price offer.
on listing shuld be 5% -7% range only
111. harit |   Link |  Bookmark | June 27, 2018 11:37:16 AM
retail subscription is less then 10℅
So I think it will not over subscribe
Now
If qib and hni(nii) will oversubscribe
And retail subscription at under 1X
Then we will see stormy listing
Bcos qib will not sell on listing
And absences of retail,HNI will do manipulate on listing day
This is my views
Expats comments needed
Thanks
111.4. harit |   Link |  Bookmark | June 27, 2018 12:11:58 PM
Yes
I hold 2 lots of Indostar
Morgan Stanley has initiated buy call with target of 650
Lets hope it comes early
111.5. Dhan Ki Baat |   Link |  Bookmark | June 27, 2018 12:35:59 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Morgan Stanley was one of the Lead Managers, they will always paint a good picture
110. venKY |   Link |  Bookmark | June 27, 2018 12:03:28 PM
Latest subscription details plz?
109. Pratik pawala |   Link |  Bookmark | June 27, 2018 12:04:14 PM
You are right harit the person who sell his application in kostak will do their big loss
108. Tinkerbell |   Link |  Bookmark | June 27, 2018 11:53:46 AM (800+ Posts, 1800+ Likes)
*VARROC ENG LIMITED*
*2ND DAY SUBS FIGURE AT 11:51 A.M.*
QIB 1.04X
NII 0.02X
RII 0.10X
EMP 0.12X
TOTAL 0.35X
Total No.of FORMS : 34,696
*Apps Wise : 0.07X*
107. mentor ipo |   Link |  Bookmark | June 27, 2018 11:45:03 AM
Latest Subscription Figures pl ????
106. CM Rathi |   Link |  Bookmark | June 26, 2018 7:36:36 PM
@Admin, please start new thread...

HDFC AMC IPO HDFC AMC IPO. Below are the final dates for the launch:

Price Band: July 4th
Anchor: July 10th
Issue Opens: July 11th
Issue Closes: July 13th
106.2. AnkurGoel |   Link |  Bookmark | June 27, 2018 11:29:57 AM
@RajaKumar, you checked 10th June instead of 10th July.
106.3. RAJAKUMAR |   Link |  Bookmark | June 27, 2018 11:29:58 AM (1400+ Posts, 1200+ Likes)
Sorry july 10th is tuesday.
105. Abhishek Mani |   Link |  Bookmark | June 27, 2018 11:00:38 AM
It is very expensive stock. And list most IPO which are trading in discount it will also settle below the issue price.
104. VIE |   Link |  Bookmark | June 27, 2018 10:22:25 AM (500+ Posts, 500+ Likes)
@ super analyst
HOW CAN U SAY THAT BOGUS QIB BID. THEY CANT WITHDWAL THE BID. PLEASE READ THE OFFER DOCUMENT CAREFULLY BEFORE COMMENTING ????????????
104.1. IPO super analyst |   Link |  Bookmark | June 27, 2018 10:44:04 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
check out my latest coment
103. Tinkerbell |   Link |  Bookmark | June 26, 2018 1:44:36 PM (800+ Posts, 1800+ Likes)
*VARROC ENG LIMITED*
*1ST DAY SUBS FIGURE AT 01:42 P.M.*
QIB 1.02X
NII 0.00X
RII 0.02X
EMP 0.03X
TOTAL 0.30X
Total No.of FORMS : 7,145
*Apps Wise : 0.02X*
103.4. Cautious ipo |   Link |  Bookmark | June 27, 2018 10:08:02 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Bid is not bogus but incentives offered to them is cant ingnorable.
103.5. IPO super analyst |   Link |  Bookmark | June 27, 2018 10:11:49 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Ankur: I know it cannot be cancelled but the promoter himself has put Bid form his broker contacts
102. Aniketiaf |   Link |  Bookmark | June 23, 2018 10:21:51 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
@ Gnsharda,

VERROC ENGINEERING LIMITED

IT'S An Aurangabad based company which is engaged in supplying original equipment manufacturers and supplies exterior lighting system, polymer components, plastic, electrical-electronics components.

6th largest interior automotive lighting manufacturer which is Engaged in design, R&D, testing, engineering, supply and manufacturing of various products .

Total 36 manufacturing facilities across seven countries in the world.

As per CRISIL research, VEL is the second largest Indian auto component group.

It's client list includes Harley Davidson, Peugeot, Fiat, Honda, Royal Enfield, Bajaj, Yamaha, Hero, TATA, VW group,Jaguar, Land rover, Bentley, GM, AUDI etc.

Average EPS for last 3 years is around 29 and RONW of 16%.

As PE @ 30 and P/BV @ 4.6 ,which makes it little bit costlier, so limited listing gain around 5-8% will be there......

But I will definitely Apply for Long term (1.5 to 2 years) for a target of 1500+

Thanks.
102.4. Best wishes |   Link |  Bookmark | July 6, 2018 3:32:44 PM
Perfect listing prediction sir.
I have sold my allotted share at 1050.
What about you sir?
102.5. Aniketiaf |   Link |  Bookmark | July 6, 2018 8:10:38 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
@Best wishes,
Added few more @1010 sold all (including allotted) @1046 (Average) as money required for other purpose.
Thanks.
101. Hiteshji |   Link |  Bookmark | June 26, 2018 8:11:23 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
100% Listing Gain.....Go for it.....
101.1. ShareMarket |   Link |  Bookmark | June 27, 2018 1:32:52 AM
Varroc wale ghar aaye they kya batane?
100. gamble |   Link |  Bookmark | June 25, 2018 9:35:50 PM (1600+ Posts, 3900+ Likes)
..... ..... Varroc..... .....

_______________________________________
CAGRs:

Revenue : 14%
PAT : 11%
NW : 30%
2 yr*
___________________

M.cap(@967) = 13k cr
PE = 29x
D/E = 0.3x

___________________

Peers :

...................... ..Varroc.......ET.......minda.......BF..... Motherson

M.Cap/sales....... 1.3.........2.7........2.5........3.5......1.2
EV/EBITDA ..........16..........19.........20........20........15
PE.........................29..........45..........35........36........38

___________
Rii form reqd for 1x = 4.6L near
i.e 2-2.5x oversubscription possible
____________
Valuation :

Looking at 2nd largest Auto component maker tag, Diversified business, strong client base across the globe, moderately growing financials and counting on peers

One may give 2x P/S, 35+ PE
__________

@35PE = 35*29 = 1015+ rs (listing) *

2x P/S = 2*10k cr = 20k cr = 1500 near (within a yr)
___________

Concl.

Affirmative call for listing gain to med term.

Consider all above as an imo ????



100.10. gamble |   Link |  Bookmark | July 6, 2018 11:16:48 AM (1600+ Posts, 3900+ Likes)
Nothing wrong.... I had failed in maths-XII
100.11. Chem cho |   Link |  Bookmark | July 6, 2018 11:27:51 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
All old stock brokers in BSE are not even SSC but earn a lot of money
99. AyushGoel |   Link |  Bookmark | June 26, 2018 11:32:53 PM
Subscription seems to be good, atleast from QIBs, but still need to see for next two days
98. khushbir singh |   Link |  Bookmark | June 26, 2018 8:27:30 PM
A good co for long term investment ,should apply, but not for short term or listing gain.
97. Jaymin bhatt |   Link |  Bookmark | June 26, 2018 8:25:34 PM (200+ Posts, 100+ Likes)
May be HNI BOOK is Slow Hni costing will be very low
96. Jaymin bhatt |   Link |  Bookmark | June 26, 2018 8:25:00 PM (200+ Posts, 100+ Likes)
No buyer from last 15 minutes
95. Jaymin bhatt |   Link |  Bookmark | June 26, 2018 8:08:52 PM (200+ Posts, 100+ Likes)
42 seller