Varindera Constructions IPO Details

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Varindera Constructions IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.

The Lead Managers for Varindera Constructions IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Equirus Capital Private Limited, ICICI Securities Limited, IIFL Capital Services Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Varindera Constructions Limited DRHP.

Varindera Constructions IPO Details

Open Date
-
Close Date
-
Listing Date
-
Issue Price
₹0 - ₹0
Face Value
₹1 per share
Lot Size
0
GMP
₹0
Issue Type
IPO
Listing On
NSE, BSE
Type
Book Built Issue
Share holding pre issue
154980000
Share holding post issue
-
Total Issue Size
-
Fresh Issue
-
Offer for Sale
-
DRHP Status
SEBI Approval Received

Varindera Constructions IPO Lot Size

ApplicationLotsSharesAmount
To be announced

Varindera Constructions IPO Reservation

Promoter Holding

Pre Issue:99.81%
Post Issue:-
Promoter Names:
Varinder Kumar Garg, Sushma Garg, Vivek Garg, VG Family Trust

Documents

  ›  Varindera Constructions IPO DRHP

Varindera Constructions IPO Valuations

ROE:33.02%
ROCE:25.03%
DEBT/EQUITY:0.39
RONW:33.02%
PAT MARGIN:10.32%

Varindera Constructions Financial Information

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,074.06755.99527.05
Total Income1,403.981,063.81997.15
Profit After Tax143.38109.0176.15
Net Worth505.49363.08253.81
Reserves and Surplus504.87362.47253.19
Total Borrowing348.15236.14149.38
Amount in ₹ Crore

About Varindera Constructions IPO

Varindera Constructions Limited (VCL), founded in 1987, is a leading Indian company specializing in engineering, procurement, and construction (EPC) services.

The company builds a variety of projects, including:

  • Buildings: Residential complexes, commercial buildings, offices, railway stations, hospitals, high courts, and libraries.
  • Infrastructure: Metro depots, aircraft hangars, and roads.

The company’s construction projects are classified into the following verticals: Residential building, Commercial building – railway, Commercial building – complex and offices, Institutional building, Healthcare building and Infrastructure projects.

VCL recently secured a Rs 532 crore contract from Smartworld Developers for the 'Sky Arc' project, which spans 6.9 acres.

As of March 31, 2024, VCL had 1,810 employees, including 304 in-house engineers with expertise in modern construction equipment and machinery, ensuring efficient project execution.

Strength Of Varindera Constructions IPO

To be announced

Risk Of Varindera Constructions IPO

To be announced

Objectives Varindera Constructions IPO

1. Capital expenditure towards purchase of equipments.

2. Funding the working capital requirements of the Company.

3. Repayment/prepayment in full or in part, of certain outstanding borrowings availed by the Company.

4. General corporate purposes.

Company Contact Details

Varindera Constructions Ltd.
Office No. 613, 6th Floor, Plot No. 4,
Vishwadeep Tower, District Centre,
Janakpuri
New Delhi, New Delhi, 110058
Phone: 0124 - 4046363
Email: investor@vclgroup.in
Website: https://www.vclgr/

Registrar Contact Details

Name: MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Lead Mangers

  1. Equirus Capital Private Limited

    (Past IPO Performance)

  2. ICICI Securities Limited

    (Past IPO Performance)

  3. IIFL Capital Services Limited

    (Past IPO Performance)

Lead Manager Reports

Read more about Varindera Constructions Limited IPO

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