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 Date Oct 25, 2007 to Oct 31, 2007
Listing Date Thursday, November 22, 2007
Face Value ₹10 per share
Price ₹60 per share
Lot Size 100 Shares
Issue Size9,000,000 shares of ₹10
(aggregating up to ₹54.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE, NSE

Varun Industries IPO Lot Size

The Varun Industries IPO lot size is 100 shares. A retail-individual investor can apply for up to 33 lots (3300 shares or ₹198,000).

Application Lots Shares Amount
Retail (Min) 1 100 ₹6,000
Retail (Max) 33 3300 ₹198,000

Varun Industries IPO Prospectus

Varun Industries IPO Rating

Rating:Rated 3.7 stars
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Varun Industries IPO Listing Date

Listing Date Thursday, November 22, 2007
BSE Script Code 532917
Listing In B1 Group of Securities
ISIN INE032G01012
IPO Price ₹60 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

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

Varun Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Varun Industries IPO Review

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IPO Broker Recommendations

  • Keynote Capitals Ltd - May apply
  • S P Tulsian - Apply

Varun Industries IPO FAQs

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 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.

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

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

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, Edelweiss, 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.

The Varun Industries IPO listing date is on Thursday, November 22, 2007.
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Varun Industries IPO Message Board

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779. Hitesh |   Link |Dec 10, 2007 6:26:15 AM
Even I have not received the refund for Varun Industries.
Any suggestion of what can be done for it?
778. nikhil nahar |   Link |Dec 7, 2007 4:32:18 PM
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
777. Sohin |   Link |Dec 4, 2007 10:22:17 AM
Thanks Ketanji !
lets see !!!
776. Ipo raja ketan |   Link |Dec 3, 2007 9:29:05 PM
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.
775. Ipo raja ketan |   Link |Dec 3, 2007 9:21:20 PM
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!!!!!!!!
774. Sohin |   Link |Dec 3, 2007 1:04:45 PM
Hi Mahesh Tripathu!
Can you please let me know the reason for such a sharp shoot up in the Varun rate...
773. Mahesh Tripathu |   Link |Nov 29, 2007 1:37:18 PM
Buy varun Industries at cmp for target of 300 within 2 months
772. cms |   Link |Nov 27, 2007 6:16:00 PM
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:
771. Yogesh Rathee |   Link |Nov 27, 2007 2:51:54 PM
What is the target of this share can we hold for long time or sell it now.
770. AK |   Link |Nov 27, 2007 11:02:15 AM
got refund thru courier yesterday.
769. piyu |   Link |Nov 26, 2007 11:03:46 PM
they have not allotesd shares & see now they have done a bumper opening
768. PURVISH SHAH |   Link |Nov 26, 2007 7:23:35 PM
767. ckmishra |   Link |Nov 24, 2007 8:42:31 PM
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.
766. Anup |   Link |Nov 24, 2007 10:28:27 AM
till today i not get varun refund what can i do?
765. k.k.t |   Link |Nov 23, 2007 9:37:51 PM
Basis Of Allotment
764. HI |   Link |Nov 23, 2007 3:08:15 PM

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.

763. vijay |   Link |Nov 23, 2007 11:50:14 AM
Dear Popa ( 760 )

How long we wait for your target of 150-160
762. Keyur shah |   Link |Nov 23, 2007 1:52:08 AM
Hi Divaker,
I have received my refund in Varun through ECS today.
761. Divaker |   Link |Nov 22, 2007 8:18:54 PM
Hi 761 Nimesh,
company has issued only physical warrant to everybody for refund. I also applied online through RMoney.
760. Naveen |   Link |Nov 22, 2007 5:46:01 PM
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