Varindera Constructions Limited IPO

Varindera Constructions Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Open

Price Band

₹0.00

Total Issue

₹1,200.00 Cr

Bid Dates

TBA - TBA

Subscription

-

Est. GMP

₹0 (-)

Website DRHP

Business Overview

The company is an integrated engineering, procurement, & construction (EPC) firm with extensive experience in executing a wide range of building and infrastructure projects. Its portfolio includes the construction of residential units, commercial complexes, office buildings, railway stations, hospitals, high courts, and libraries, as well as infrastructure developments such as metro depots, aircraft hangars, and roads. Over the past 10 fiscal years (ending Mar 31, 24), the company has successfully delivered 31 projects spanning 11 Indian states and select international markets.

Objects of Issue

  1. Capital expenditure towards purchase of equipments
  2. Funding the working capital requirements of our Company;
  3. Repayment in full or in part, of certain outstanding borrowings availed by our Company
  4. General corporate purposes

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Varindera Constructions IPO
Particulars Mar-24 Mar-23 Mar-22
Revenue from Operations 1,388.93 1,048.55 994.33
Profit after Tax 143.38 109.01 76.15
Net Worth 505.49 363.08 253.81
Total Borrowing 348.15 236.14 149.38
Total Assets 1,074.06 755.99 527.05
NAV per share (in ₹) 32.62 23.43 16.38
EPS - Basic (in ₹) 9.25 7.03 4.91

KPIs

EBITDA

17.26%

PAT

10.32%

ROE

33.02%

ROCE

25.03%

Net Debt to Equity

0.39

  • All the data pertains to FY 2023-24

Shareholding

Promoter

99.99%

Public

0.01%

Varinder Kumar Garg 67.04%
Sushma Garg 30.82%
Vivek Garg 0.18%
VG Family Trust 0.06%
Others 1.89%

Management

Varinder Kumar Garg Chairman
Vivek Garg MD & CEO
Vikas Jain CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Frequently Asked Questions

What is Varindera Constructions IPO?
Varindera Constructions IPO is a Mainboard IPO having an issue size of ₹1,200.00 Crs. Varindera Constructions IPO is priced at ₹0.00 - ₹0 per share. The issue opens on 17 Apr 26 and closes on 17 Apr 26.
When will Varindera Constructions IPO open?
Varindera Constructions IPO opens on 17 Apr 26 and closes on 17 Apr 26.
What is the GMP of Varindera Constructions IPO?
The estimated Grey Market Premium of Varindera Constructions IPO is ₹0 per share (-).
What is the lot size of Varindera Constructions IPO?
The minimum lot size of Varindera Constructions IPO is shares & the minimum application amount is Rs. 0.
When is the allotment of Varindera Constructions IPO?
The allotment date of Varindera Constructions IPO is 17 Apr 26.
What is the listing date of Varindera Constructions IPO?
The listing date of Varindera Constructions IPO is 17 Apr 26.
What is the subscription of Varindera Constructions IPO?
Varindera Constructions IPO is subscribed -.
What is the price band of Varindera Constructions IPO?
Varindera Constructions IPO is priced at ₹0.00 - ₹0 per share.
How to check allotment status of Varindera Constructions IPO?
Click the allotment link on Varindera Constructions IPO page of IPO360.
How to apply Varindera Constructions IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Varindera Constructions IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Varindera Constructions IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Varindera Constructions IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date