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Varroc Engineering IPO Subscription Details (Live Status)

Varroc Engineering IPO Details

IPO Open Jun 26, 2018
IPO Close Jun 28, 2018
IPO Price ₹967
Face Value ₹1
IPO Size ₹1,945.77 Cr
Listing At BSE, NSE
Lot Size 15
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Varroc Engineering IPO Subscription Status Live

Varroc Engineering IPO subscribed 3.54 times. The public issue subscribed 0.84 times in the retail category, 9.15 times in QIB, and 2.45 times in the NII category by Jun 28, 2018.

Investor CategorySubscription (times)
Qualified Institutions9.15
Non-Institutional Buyers2.45
Retail Investors0.84
Employees0.63
Others[.]
Total3.54

Varroc Engineering IPO Subscription Details (times)

DateQIBNIIRetailEMPTotal
Day 1
Jun 26, 2018
1.040.010.060.100.33
Day 2
Jun 27, 2018
3.180.040.220.341.02
Day 3
Jun 28, 2018
9.152.450.840.633.54

Varroc Engineering IPO Shares Offered

Varroc Engineering IPO is a public issue of 14,185,212 equity shares. The issue offers 7,042,606 shares to retail investors, 4,024,346 shares to qualified institutional buyers, and 3,018,260 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB4,024,346389.1528.37%
NII3,018,260291.8721.28%
Retail7,042,606681.0249.65%
Employee100,0009.670.70%
Total14,185,2121,371.71100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Varroc Engineering IPO Subscription FAQs

The Varroc Engineering IPO is subscribed 3.54 by Jun 28, 2018.

Varroc Engineering IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional9.15
Non Institutional2.45
Retail Individual0.84
Employee Reservations0.63
Others[.]
Total Subscription3.54

Retail category of Varroc Engineering IPO subscribed 0.84 times as of date Jun 28, 2018. The public issue closes on Jun 28, 2018 for bidding.

An investor can apply in Varroc Engineering IPO online via bank (using ASBA) or the broker (using UPI). The Varroc Engineering IPO shares are offered online only.

The Varroc Engineering IPO is subscribed 3.54 by Jun 28, 2018.

The Varroc Engineering IPO allotment status is expected on or around Jul 3, 2018. Visit Varroc Engineering IPO allotment status to check.

The Varroc Engineering IPO listing date is Friday, July 6, 2018. The equity share of Varroc Engineering Limited will list on BSE, NSE.

Visit Varroc Engineering IPO subscription status page for real-time bidding information about Varroc Engineering IPO.

Varroc Engineering IPO Timetable

IPO Opens OnJun 26, 2018
IPO Closes OnJun 28, 2018
Finalisation of Basis of AllotmentJul 3, 2018
Initiation of RefundsJul 4, 2018
Credit of Shares to Demat AccountJul 5, 2018
IPO Listing DateJul 6, 2018