Market debut: Varroc Engineering lists at 6.7% premium wrt issue price

The Rs 1,955-crore initial public offering, which ran from June 26 to June 28, was subscribed 3.6 times led by strong institutional demand

Auto component maker Varroc Engineering made a decent debut on Friday, listing at Rs 1,032 on BSE, a 6.72% premium over its issue price of Rs 967. On NSE, the scrip got listed at Rs 1,015, up 4.96%. 

At 10:11 am, the stock was trading at Rs 1,010, 4.5% up as comapred to issue price but 2% lower than its open price on BSE. On comparison, the S&P BSE Sensex was trading 0.3% higher.

The Rs 19.55-billion initial public offering, which ran from June 26 to June 28, was subscribed 3.6 times led by strong institutional demand. 

The price band