Eps for FY07 is 14.88 & to this P/E is just 4.03... its good profit earing, 45% divident paying company. . it will definatly list @ 80-87 considering listing P/E as 5.5
IPO News & Updates Press Releases The Company's Initial Public Offer (IPO) :
The Net Offer to the Public of 65,70,000 Equity Shares of Rs. 10/- each at price of Rs. 60/- per share out of the Company's Initial Public Offer (IPO) of 90,00,000 Equity Shares of Rs. 60/- per share is over subscribed by 37.10 times according to the Provisional Certificates received from the Collecting Bankers.
visit varun dot com and click on the Thank you message from varun industries to all ipo investors - then you will come to this information -subscribed by 37.10 times according to the Provisional Certificates received from the Collecting Bankers YOu can also get more similar information if you search moneycontrol news page.
Information about categorywise subscription is not available.
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Varun Industries IPO oversubscribed more than 37 times 2007-11-05 17:15:29----- moneycontrol news
Varun Industries Ltd's public issue received a buoyant response as per final figures given today by the registrar to the issue Big Share Services Pvt. Ltd.. The subscription amounted to a total of Rs. 146248 lakhs from 156408 applications.