Varroc Engineering Limited IPO Message Board (Page 21)

GMP of VEL is 55-60
GMP of Rites is 34-36
GMP of Fine Organic is 20-22.

What about Varroc Apply or Avoid ?

@ Amit Pathak,
I will definitely Apply.

I will definitely apply.

Approx when book closure of TCS come so one can decide to go to IPO or buyback

kehan kya chahte ho?

BEST ISSUE

Must apply for long term investment

chem cho not to forget if anyone apply full lots in retail the profit is excellent

calculate the profit is anyone applied maximum lot in retail category and that too with firm allotment.

this is a gem and long term investor will be rearded even more just like mahindra logistic and l& t infotech. it is still cheaper than its peers and morever great management

@ PVSH

WHAT IS YOU STATUS

NOT EVEN THAT

We should get ready for this IPO as well. Kind of response that fine organic received today from QIB's . this goona be rock also.

Definetly sir

Aniketiaf and R.R Patel sir please give your valuable suggestions on Varroc Engineering

@harit Mr.Harit, Are you from Rajkot ?

I am new to site, so thats why asked. I wanted learn value investing and financial modeling etc. if you have any experience of the same and guide me.

Sorry,it was just a lighter note
BTW
you should have a professional financial advisor for your questions

Low equity 13.4 caror turnover more than 10000 caror low debts price to book 4 time good client base relationships with all mejor 2-3-4 wheeler Co around the world blindly apply my listing target 1100 easily second position In India and sixth position in world oem manufacturing in lighting and polymer part

When is IPO date of NAZARA, HDFC AMC. Does anyone know

Good ipo then fine org.
Auto sector is bullish
Growing demand for future
Client list is exceptional
Family background of promoter is well and wealthy
Somehow looking expensive
Bul future is bright

Sir, Are you from Rajkot ?

Thanks for reminding me
I will check it before applying

@ Dhybu
As told by dhybu that
- Endurance Tech. is owned by Anurang Jain (Brother of Tarang Jain).
If we apply on the basis of above formula that he is brother of Mr. anurang jain then why Reliance power IPO of Mr. anil ambani brother of Mr. mukesh ambani was not a success.

No issues with companies fundamentals or future growth. Expansion with internal accrual. Well managed company. Only
problem is expensive valuations. Possibilities of negative listing because of that. Apply with strict stop loss if you are a risk taker.

Sorry this post was for fine organic.So Sorry!!!

It applied to varroc also
So
Don't be sorry

Few Facts

- Incorporated in 1988, It is a Aurangabad based automotive equipment supplier (Global Tier-1) and sixth of the largest manufacturer and supplier across the world.
- It has 36 Plants & 16 R&D centres across 7 countries
- Clientele includes Jaguar, Land rover, Bentley, GM, AUDI, CAT, KTM, TATA, VW group, Harley Davidson, Peugeot, Fiat, Honda, Royal Enfield, Bajaj, Yamaha, Hero, Suzuki, etc. (No customer contributing more than 20% revenue)
- This is purely stake sale, by Omega TC Holdings 1.53 cr shares, Tata Capital 0.14 cr shares and Tarang Jain 0.17 cr shares. Company won't receive anything from this.
- Turnover and profits: Rs.7038 cr/Rs.16.81 cr (FY15), Rs.8239 cr/Rs.370 cr (FY 16),Rs.9702 cr/Rs.303 cr (FY 17), Rs.10417 cr/Rs.451 cr (FY 18).
- Asking for a PE of around 30 and P/BV of 4.61 which makes it bit pricey.
- Last 3 years average EPS is Rs.29.4 and RONW of 16.12%

Interesting points

- Tarang Jain, MD of Varroc has been awarded Next Gen Entrepreneur in 2013
- Tarang Jain is the Nephew of Rahul Bajaj
- Market Cap. post issue would be around 13000 cr i.e. around 1.3 X Sales. (Normally it is around 2 times of sales)
- Endurance Tech. is owned by Anurang Jain (Brother of Tarang Jain).
- Endurance Tech IPO was offered at Rs.472 (on Oct 2016) and now trading at 1300. It is trading at 45 PE and Market Cap (17800 cr) to sales (6689 cr) is 2.65 times
- Depreciation portion is almost equals to profits which increases its valuation on cash basis

Remember it Endurance Tech face value Rs 10

Remember it Endurance Tech face value Rs 10

Not relevant but....can someone update about US FDA concerns raised on Glenmark Pharma today...

Apply for listing gain. 50 50 risk.

There is lot of Debt on the company how will it affect its value?

@aloksingh
Eps=profit after tax/no. Of shares
Price earning ratio= price per share/eps
Eps means earning per share. Hence Fv is not important as far as valuation is concern. Moreover these are the most commonly use valuation formula. Read book of bejamin grham security analysis. He is the father of value investing and guru of warren buffets.

Demanding rs 967/- face value of rs. 1/-
If the face value will rs 10/- .one share
Cost comes to rs. 9,670/- per share
Bhai aise kaya hai co. me .kaya loot macha rakhi hai. Any comment welcome

Friends market price defends on EPS not on face value.if FV of 'VE is made 10 than its EPS will become 334 as in equity capital of Rs 13 .4 crore VE will then have 1.3 core shares only. market price will be 9670 at same PE of 29. Hope you will understand

Hi Alok,
As a beginner I couldn't understand what you said but would like to know more. Any links or anything where I can read about this to grab better knowledge. Thanks!

I always use one thing apply last day after 2p.m. after watching subscription figure from hni it always work and in evry ipo i will get minimum 5% gain from subscription

Market mein naye aaye ho shayad

Bhai.. me to naya nahi hoon.. muje sab pata hain.. Chittorgadh me comment naya naya dalna shuru kiya he.. I know kiske comment pe trust karna chahiye aur kiske nahi..

Kostak of varroc start
Kostak is 550.

Early morning ??????