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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.
Lots & IPO Size
Varindera Constructions IPO Size
Fresh Issue
₹900 Cr
(TBA Shares)
Offer For Sale
₹300 Cr
(TBA Shares)
Objects of Issue
- Capital expenditure towards purchase of equipments
- Funding the working capital requirements of our Company;
- Repayment in full or in part, of certain outstanding borrowings availed by our Company
- General corporate purposes
Varindera Constructions IPO Financial Performance
(Rs. in crores)
| 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 |
Key Performance Indicators (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
Promoter Holding
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
Lead Managers (3)
Company Details
Name: Varindera Constructions Limited
Address: Office No. 613, 6th Floor, Plot No. 4, Vishwadeep Tower, District Centre, Janakpuri, New Delhi, India, 110058
Number: 0124 - 4046363
Email: investor@vclgroup.in
Website: https://www.vclgr oup.in/
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