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June 26, 2018 - June 28, 2018

Varroc Engineering IPO Subscription Details

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 June 28, 2018 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions9.154,024,3460
Non-Institutional Buyers2.453,018,2600
Retail Investors0.847,042,6060
Employees0.63100,0000
Others[.]00
Total 3.5414,185,2120

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.


Varroc Engineering IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailEMPTotal
Day 1
June 26, 2018
1.040.010.060.100.33
Day 2
June 27, 2018
3.180.040.220.341.02
Day 3
June 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?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Varroc Engineering IPO Subscription FAQs

The Varroc Engineering IPO is subscribed 3.54 by June 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 June 28, 2018. The public issue closes on June 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 June 28, 2018.

The Varroc Engineering IPO allotment status is expected on or around July 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 OnJune 26, 2018
IPO Closes OnJune 28, 2018
Finalisation of Basis of AllotmentJuly 3, 2018
Initiation of RefundsJuly 4, 2018
Credit of Shares to Demat AccountJuly 5, 2018
IPO Listing DateJuly 6, 2018