Varroc Engineering shares list with 5% permium: Auto component maker Varroc Engineering started off trade at Rs 1015 on the first day Friday. The stock price gained 5 percent against the issue price of Rs 967.
At 10:03 hours IST, it was trading at Rs 1012.95, up 4.75 percent on the NSE.
The Rs 1,955-crore initial public offering was oversubscribed 3.59 times during June 26-28, driven by strong interest from institutional investors.
The price band for the issue, which consisted of an offer-for-sale of 2,02,21,730 equity shares by promoter Tarang Jain and existing investors which are Tata Group companies - Tata Capital Financial Services and Omega TC Holdings, was Rs 965-967 per share.
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Source:https://www.moneycontrol.com/news/business/markets/market-live-nifty-above-10750-sensex-up-60-pts-ril-infosys-tcs-positive-contributors-2678311.html
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