Varindera Constructions IPO Details

MAINBOARD

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 Pvt Ltd, ICICI Securities Ltd, IIFL Capital Services Ltd. 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

GMP

₹0

Issue Type

IPO

Listing On

NSE, BSE

Type

Book Built Issue

Share holding pre issue

15,49,80,000 shares

Share holding post issue

Total Issue Size

Fresh Issue

Offer for Sale

DRHP Status

SEBI Approval Received

Varindera Constructions IPO Lot Size

Application	Lots	Shares	Amount
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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,074.06	755.99	527.05
Total Income	1,403.98	1,063.81	997.15
Profit After Tax	143.38	109.01	76.15
Net Worth	505.49	363.08	253.81
Reserves and Surplus	504.87	362.47	253.19
Total Borrowing	348.15	236.14	149.38
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 Pvt Ltd

Phone: +91-22-4918 6270

Email: varindera.ipo@linkintime.co.in

Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Lead Mangers

Lead Manager Reports

IPO Lead Manager Performance Summary

Varindera Constructions IPO - FAQs

The Varindera Constructions IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹1 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.

The IPO opens for subscription on TBA, and closes on TBA.

MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

The Varindera Constructions IPO opens on TBA.

Varindera Constructions IPO lot size is 0, and the minimum amount required for application is ₹0.

You may apply for the Varindera Constructions IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Varindera Constructions IPO is scheduled to be finalized on TBA. Subsequently, the shares allotted will be credited to investors’ demat accounts by TBA. Investors are advised to regularly check the Varindera Constructions IPO allotment status for updates.

The listing date for the Varindera Constructions IPO has not yet been officially announced. However, the tentative listing date is scheduled for TBA.

Varindera Constructions IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at TBA.