Anchor investors include names like Schroder International Selection Fund, Nomura Fund Ireland Public Limited, Caisse De Depot ET Placement DU Quebec, DSP Blackrock, First State Investments, T. Rowe Price International Discovery Fund, Smallcap World Fund, Edelweiss Mutual Fund, L&T Mutual Fund, Bajaj Allianz Life Insurance, ICICI Prudential AMC, Kotak Mutual Fund, SBI Mutual Fund
Varroc Engineering Limited (the “Company” or the “Issuer”) has allotted 6,036, 518 equity shares at Rs. 967 (upper end of the Price Band) aggregating to Rs. 583.73 crore to 30 anchor investors. The anchor book has a good mix of investors including sovereign wealth funds, long only FIIs as well as top domestic mutual funds and life insurance companies.
The anchor investors include: 1. SMALLCAP WORLD FUND INC (17.1%), 2. AXIS MULTICAP FUND (2.6%), 3. AXIS DYNAMIC EQUITY FUND (3.4%), 4. AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS CHILDREN’S GIFT FUND (0.2%), 5. L AND T MUTUAL FUND TRUSTEE LIMITED – L AND T LARGE AND MID CAP FUND (2.4%), 6. L AND T MUTUAL FUND TRUSTEE LTD – L AND T MID CAP FUND (3.2%), 7. AXIS NEW OPPORTUNITIES AIF- 1 (2.6%), 8. EDELWEISS ALTERNATIVE INVESTMENT OPPORTUNITIES TRUST-EDELWEISS CROSSOVER OPPORTUNITIES FUND (1.7%), 9. BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD (1.7%), 10.DHFL PRAMERICA TRUSTEES PRIVATE LIMITED A/C- DHFL PRAMERICA LARGE CAP FUND (0.8%), 11.DHFL PRAMERICA TRUSTEES PRIVATE LIMITED A/C- DHFL PRAMERICA HYBRID EQUITY FUND (0.4%), 12.DHFL PRAMERICA TRUSTEES PRIVATE LIMITED A/C DHFL PRAMERICA LONG TERM EQUITY FUND (0.5%), 13.SCHRODER INTERNATIONAL SELECTION FUND INDIAN OPPORTUNITIES (1.9%), 14.NOMURA FUND IRELAND PUBLIC LIMITED COMPANY NOMURA FUNDS IRELAND INDIA EQUITY FUND (11.1%), 15.FIRST STATE INVESTMENTS ICVC – FIRST STATE ASIA ALL CAP FUND (1.7%), 16.CAISSE DE DEPOT ET PLACEMENT DU QUEBEC – FIRST STATE (1.9%), 17.FIRST STATE INDIAN SUB CONTINENT FUND (4.1%), 18.ICICI PRUDENTIAL BALANCED ADVANTAGE FUND (5.4%), 19.SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MIDCAP FUND (5.6%), 20.SBI LIFE INSURANCE COMPANY LTD (5.6%), 21.T. ROWE PRICE INTERNATIONAL DISCOVERY FUND (7.7%), 22.SBI MAGNUM MULTICAP FUND (5.6%), 23.KOTAK SMALL CAP FUND (1.4%), 24.KOTAK EQUITY HYBRID (1.7%), 25.KOTAK INDIA GROWTH FUND SERIES 5 (1.2%), 26.KOTAK INDIA EQ CONTRA FUND (0.7%), 27.KOTAK EQUITY SAVINGS FUND (0.5%), 28.KOTAK DEBT HYBRID (0.2%), 29.DSP BLACKROCK SMALL CAP FUND (5.6%), and 30.DB INTERNATIONAL (ASIA) LTD (1.7%)
Varroc Engineering Limited (the “Company”), proposes to open the Offer on June 26, 2018, an initial public offering of 20,221,730 Equity Shares through an offer for sale by the promoter and investor selling shareholders (as defined below) (the “Offer”). The Offer also includes a reservation of 100,000 Equity Shares, for subscription by eligible employees (the “Employee Reservation Portion”) at a discount of Rs. 48 per share on the Offer Price (“Employee Discount”). The Offer less the Employee Reservation Portion is the “Net Offer” and such Net Offer aggregates up to 20,121,730 Equity Shares. The Offer and the Net Offer shall constitute 15% and 14.93%, respectively, of the post-offer paid-up equity share capital of the company.
The Bid/Offer Period closes on June 28, 2018.
The Price Band for the Offer is from Rs. 965 to Rs. 967 per Equity Share. Bids can be made for a minimum lot of 15 Equity Shares and in multiples of 15 Equity Shares thereafter.
The Equity Shares are proposed to be listed on BSE and NSE.