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Varun Industries IPO is a fixed price issue of Rs 54.00 crores.
Varun Industries IPO bidding started from October 25, 2007 and ended on October 31, 2007. The shares got listed on BSE, NSE on November 22, 2007.
Varun Industries IPO price is ₹60 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹6,000.
Idbi Capital Market Services Limited is the book running lead manager of the Varun Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Varun Industries IPO RHP for detailed information.
| IPO Date | October 25, 2007 to October 31, 2007 |
| Listing Date | November 22, 2007 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 9,000,000 shares (aggregating up to ₹54.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 13,112,800 |
| Share holding post issue | 22,112,800 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,000 |
| Retail (Max) | 33 | 3300 | ₹198,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 83.25% |
| Share Holding Post Issue | 60.36% |
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.
| KPI | Values |
|---|---|
| RoNW | 19.24% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
1. Launching company's products in the domestic markets and Brand building and
2. Meeting the margin money requirement for enhanced working capital.
| Listing Date | November 22, 2007 |
| BSE Script Code | 532917 |
| NSE Symbol | VARUN |
| ISIN | INE032G01012 |
| Final Issue Price | ₹60 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹60.00 |
| ₹105.00 |
| ₹94.20 |
| ₹150.00 |
| ₹112.65 |
| NSE |
|---|
| ₹60.00 |
| ₹105.00 |
| ₹93.60 |
| ₹140.00 |
| ₹112.20 |
Varun Industries Limited
13, Shankeshwar Darshan,
A.G. Pawar Cross Lane, Byculla (E),
Mumbai - 400 027, India
Phone: +91-22-2372 7400
Email: ipo@varun.com
Website: http://www.varun.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Varun Industries IPO is a main-board IPO of 9,000,000 equity shares of the face value of ₹10 aggregating up to ₹54.00 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 100 Shares.
The IPO opens on October 25, 2007, and closes on October 31, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Varun Industries IPO opens on October 25, 2007 and closes on October 31, 2007.
Varun Industries IPO lot size is 100 Shares, and the minimum amount required is ₹6,000.
You can apply in Varun Industries IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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RHP
Even I have not received the refund for Varun Industries.
Any suggestion of what can be done for it?