Varroc Engineering has debuted at Rs 1032.00 on the BSE, up by 65 points or 6.72% from its issue price of Rs 967.
The scrip is currently trading at Rs 1014.50, up by 47.50 points or 4.91% from its issue price. It has touched a high and low of Rs 1032.00 and Rs 1000.00 respectively. So far 11,83,000 shares were traded on the counter.
The offering, which was open for subscription between June 26 and June 28, was subscribed 3.6 times. The issue price was fixed at Rs 967 per share i.e. at upper end of price band of Rs 965 - 967 apiece.
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.
