Varroc Engineering’s IPO to open on June 26

Global Tier 1 automotive component supplier Varroc Group’s initial public offering is to hit the bourses on June 26 and close on June 28. The company has set a price band of Rs 965-967 per share to raise around 1,950 crore.  

The Varroc Group, manufactures and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle OEMs worldwide.

With 36 world-class manufacturing facilities and 16 R&D centres in 10 countries, the Varroc Group is on an exponential growth trajectory clocking sale of US$ 1.5 billion in 2016-17. The company is one of the leading global passenger car lighting suppliers and amongst the top two-wheeler automotive component supplier in India.