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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
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Varroc Engineering Limited is a global Tier-1 automotive component manufacturer headquartered in Aurangabad, Maharashtra. Established in 1988, the company specializes in designing, developing, and manufacturing exterior lighting systems, plastic and polymer components, electrical and electronic parts, and precision metallic components for two-wheeler, three-wheeler, passenger vehicle, and commercial vehicle Original Equipment Manufacturers (OEMs) worldwide. The company's operations are divided across two major business segments: the global lighting business, which focuses on advanced automotive lighting solutions for passenger vehicle manufacturers across Europe, North America, and Asia, and the domestic India business, which supplies comprehensive electrical, plastic, and metallic auto parts to leading domestic vehicle manufacturers. With integrated research and development centers and global manufacturing facilities, Varroc maintains strong engineering capabilities in lighting technologies and electronic systems. Under the leadership of founder Tarang Jain, Varroc Engineering has built strategic relationships with top global and domestic OEMs including Bajaj Auto, Hero MotoCorp, Honda, Mahindra & Mahindra, Volkswagen, and Ford. The organization emphasizes cost-efficient manufacturing, technological innovation in LED and smart lighting systems, and operational scalability to serve evolving global mobility and electrification trends.
Varroc Engineering raised 583.73 crore rupees by allocating 6,036,518 equity shares to 30 institutional anchor investors at 967 rupees per share, with key participants including Smallcap World Fund, CDPQ, Nomura, DSP BlackRock, ICICI Prudential Mutual Fund, and SBI Mutual Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 30 July 2026, 11:15 AM
Global Tier-1 Auto Component Player
Well-established market presence with end-to-end design and manufacturing capabilities across global lighting and domestic auto component markets.
Strong Relationships with Major OEMs
Long-standing partnerships with leading global passenger vehicle and domestic two-wheeler vehicle manufacturers provide revenue stability.
Broad Product Portfolio and R&D Capabilities
Diversified product offerings across exterior lighting, plastic components, and electrical systems supported by dedicated global R&D centers.
Dependence on Automotive Industry Cycles
Revenue growth is directly linked to the cyclical demand patterns and production volumes of global and domestic automotive OEMs.
Client and Customer Concentration
A significant portion of total revenue is derived from a limited set of key OEM customers, making business performance sensitive to client concentration.
Raw Material Price Fluctuations
Volatilities in the cost of key raw materials such as polymers, aluminum, and electronic sub-components can compress operating profit margins.
Varroc Engineering Limited
MUFG Intime India Private Limited
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