Varun Industries Limited IPO (Varun Industries IPO) Detail

Oct 25, 2007 - Oct 31, 2007

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.

Objects of the Issue:

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.

Varun Industries IPO Details

IPO DateOct 25, 2007 - Oct 31, 2007
Issue TypeFixed Price Issue IPO
Issue Size9,000,000 Eq Shares of ₹10
(aggregating up to ₹54.00 Cr)
Face Value₹10 Per Equity Share
IPO Price₹60 Per Equity Share
Market Lot100 Shares
Min Order Quantity100 Shares
Listing AtBSE, NSE

Varun Industries IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1100₹6,000
Maximum333300₹198,000

Varun Industries IPO Prospectus

Varun Industries IPO Rating

224
3.7
Rating:Rated 3.7 stars

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Varun Industries IPO Listing Date

Listing DateThursday, November 22, 2007
BSE Script Code532917
NSE SymbolVARUN
Listing InB1
ISININE032G01012
IPO Price₹60 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹60.00
₹105.00
₹94.20
₹150.00
₹112.65
11,158,774
NSE
₹60.00
₹105.00
₹93.60
₹140.00
₹112.20
14,164,851

Varun Industries IPO Reviews / Ratings

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Company Contact Information

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

Varun Industries IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Varun Industries IPO FAQs

  1. 1. What is Varun Industries IPO?

    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 price of the IPO is ₹60 Per Equity Share. The minimum order quantity is 100 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Oct 25, 2007 and closes on Oct 31, 2007.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Varun Industries IPO will open?

    The Varun Industries IPO opens on Oct 25, 2007 and closes on Oct 31, 2007.

  3. 3. How to apply for Varun Industries IPO?

    Varun Industries IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Varun Industries IPO allotment?

    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.

  5. 5. When is Varun Industries IPO listing date?

    The Varun Industries IPO listing date is on Thursday, November 22, 2007, at BSE, NSE.
  6. 6. What is the lot size of Varun Industries IPO?

    Varun Industries IPO lot size is 100 Shares and the minimum order quantity is 100 Shares.

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Varun Industries IPO Review / Comments

Hitesh
779. Hitesh  Dec 10, 2007 05:26
Hi,
Even I have not received the refund for Varun Industries.
Any suggestion of what can be done for it?
nikhil nahar
778. nikhil nahar  Dec 7, 2007 15:32
dear sir,
my application no. is7968532 nikhil nahar.
i didnt recieved the refund till now so kindly tell me wat is the problem..............
thank you nikhil
Sohin
777. Sohin  Dec 4, 2007 09:22
Thanks Ketanji !
lets see !!!
Ipo raja ketan
776. Ipo raja ketan  Dec 3, 2007 20:29
The answer in 3 lines. Good fundamentals, business is in 4 different fields. High EPS and small PE RAtio samje ki nahin. Same is applied in Raligare. Target for Varun for small term is Rs.150 to Rs.160 within Max 10- 12 days. and religare it is RTs.575 to Rs.600 in a week at least according to me.
Ipo raja ketan
775. Ipo raja ketan  Dec 3, 2007 20:21
Bhaiya sohin. Ek to Inka Turnover 2008 mai expected hai 980 Corore. So ye koi chhoti baat nahin hai. Ek to inhone kum rate pe public ke jo 100 shares lage huve the vo accumulate kiye. Ek ab harek company operators rakhti hai. To ye koi nayi baat nahi hai. Aur bhaiya app lagta hai ki share market me naye naye aye ho. Yaha koi bhi reason nahi hota ye samaj lo./ Aj essar oil almost 240 se Rs.298 hua. Ho bhai fool ki tarah question na karo. Ye public se kam rate me share le liye. Aisa hi kuch ap ab se 7 trading din me raligare mi dekhenge. To chonkna mat. Aur wapis mat puchna ki bhai ye sharp turn kyo hua!!!!!!!!
Sohin
774. Sohin  Dec 3, 2007 12:04
Hi Mahesh Tripathu!
Can you please let me know the reason for such a sharp shoot up in the Varun rate...
Mahesh Tripathu
773. Mahesh Tripathu  Nov 29, 2007 12:37
Buy varun Industries at cmp for target of 300 within 2 months
cms
772. cms  Nov 27, 2007 17:16
i got refund thru ecs on 21st nov. all those who hv not got refund call up the registrar or write email to them.

Registrar : Bigshare Services Pvt Ltd(Ph: 022 2847 0652, 4043 0200 Email: ipo@bigshareonline.com)
Yogesh Rathee
771. Yogesh Rathee  Nov 27, 2007 13:51
What is the target of this share can we hold for long time or sell it now.
AK
770. AK  Nov 27, 2007 10:02
got refund thru courier yesterday.
piyu
769. piyu  Nov 26, 2007 22:03
they have not allotesd shares & see now they have done a bumper opening
PURVISH SHAH
768. PURVISH SHAH  Nov 26, 2007 18:23
LONG TERM INVESTMENT IN VARUN IS GOOD OR NOT?
ckmishra
767. ckmishra  Nov 24, 2007 19:42
i had applied for Varun IPO through kotaksecurities. i didnt got allotment, so my money was refuned through warrant!!!
i need to deposit in my linked bank account i. e. AXIS bank.
whats a fun.... we all talking abt technology, still these registarar has to learn about e-refund.
Anup
766. Anup  Nov 24, 2007 09:28
Hi,
till today i not get varun refund what can i do?
k.k.t
765. k.k.t  Nov 23, 2007 20:37
Basis Of Allotment
HI
764. HI  Nov 23, 2007 14:08
Hi,

I have made the max bid in retail section but didn't get any lot.

Can anybody tell me if I can check anywhere the basis of allocation.

Thanks.
vijay
763. vijay  Nov 23, 2007 10:50
Dear Popa ( 760 )

How long we wait for your target of 150-160
Keyur shah
762. Keyur shah  Nov 23, 2007 00:52
Hi Divaker,
I have received my refund in Varun through ECS today.
Divaker
761. Divaker  Nov 22, 2007 19:18
Hi 761 Nimesh,
company has issued only physical warrant to everybody for refund. I also applied online through RMoney.
Naveen
760. Naveen  Nov 22, 2007 16:46
I ahve applied shares for this by icici direct which is in pune, hw can i get refund back.. and when will get... can u help me






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