Varroc Engineering initial public offering (IPO) will open for subscription on June 26. Its price band has been fixed at Rs.965-967 per share.

The IPO will raise approx Rs.1,955 crore.The IPO comprises sale offer of up to 18 lakh shares by promoter Tarang Jain, about 1.69 crore shares by Omega TC Holdings Pte Ltd and up to 16 lakh shares by Tata Capital Financial Services Ltd.

Further, the subscription will close on June 28 and Kotak Mahindra Capital, Citigroup Global Markets India, Credit Suisse Securities (India) are global co-ordinators and bookrunners for the offer.

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