Varroc Engineering has filed the Draft Red Herring Prospectus (DRHP) with markets regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO). The public issue will see sale of up to 1,85,36,600 shares.
The offer will help to achieve the benefits of listing the equity shares on the stock exchanges and to carry out the offer for sale by selling shareholders.
Kotak Mahindra Capital Company, Citigroup Global Markets India, Credit Suisse Securities (India) and IIFL Holdings will manage the issue.
Varroc Engineering is engaged in design, manufacture and supply of exterior lighting systems, plastic and polymer components and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle directly worldwide.
