Veto Switchgears and Cables Ltd IPO (Veto Switchgears IPO) Detail

Dec 3, 2012 - Dec 5, 2012

Incoporated in 2007, Veto Switchgears and Cables Ltd is an ISO 9001:2008 certified company, engaged in the manufacture and sale of wires & cables and electrical accessories in India. Veto Switchgears product portfolio ranges from industrial cables, stand cables to telephone & co-axial wires, from general switches to modular switches, from ceiling fans to rechargeable fans, compact fluorescent lamps and other electrical accessories.

Veto Switchgears manufacturing unit located in Hardwar, Uttarakhand. Veto Switchgears supply their products under the brands "VETO" and "VIMAL POWER".

Company Promoters:

Company's Corporate Promoter are:

1. Veto Electropowers (India) Private Limited

Company's Individual Promoters are:

1. Mr. Vishnu Kumar Gurnani;
2. Mr. Mohan Das Gurnani; and
3. Mr. Narayan Das Gurnani

Objects of the Issue:

The object of the issue are to:

1. Modernisation of existing facility at Hardwar, Uttarakhand;
2. To finance incremental long-term working capital requirement;
3. Enhancement of the Company’s brand through advertising and other brand-building activities;
4. General corporate purposes; and
5. To meet the Issue expenses.

Veto Switchgears IPO Details

IPO DateDec 3, 2012 - Dec 5, 2012
Issue TypeBook Built Issue IPO
Issue Size5,000,000 Eq Shares of ₹10
(aggregating up to ₹25.00 Cr)
Face Value₹10 Per Equity Share
IPO Price₹48 to ₹50 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Veto Switchgears IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹150,000
Maximum13000₹150,000

Veto Switchgears and Cables Ltd IPO Grading

CRISIL has assigned a CRISIL SME fundamental grade of "SME 4/5" (SME Four on Five) to the proposed IPO of the Company. The grade indicates that the fundamentals of the Company are superior compared to other SMEs in India. Read Veto Switchgears IPO Report

Veto Switchgears IPO Subscription Status (Bidding Detail)

Veto Switchgears IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

1,091,229

2,589,384

1,527,721

5,208,334

Dec 5, 2012 17:00

1.05x

1.47x

2.06x

1.56x

Veto Switchgears IPO Prospectus

Veto Switchgears IPO Rating

56
3.0
Rating:Rated 3.0 stars

Vote Here ...

Veto Switchgears IPO Listing Date

Listing DateMonday, February 13, 2012
BSE Script Code539331
NSE Symbol
Listing In
ISININE918N01018
IPO Price₹50 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹50.00
Open:₹145.00
Low:₹144.00
High:₹148.10
Last Trade:₹145.45
Volume:19,912

Company Contact Information

Veto Switchgears and Cables Ltd
D-2, First Floor, Malad Industrial Estate,
Ramchandra Lane Extn. Kanchpada,
Malad (West), Mumbai 400064

Phone: +91 22 2880 7704
Email: cfo@vetoswitchgears.com
Website: http://www.vetoswitchgears.com

Veto Switchgears IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Veto Switchgears IPO FAQs

  1. 1. What is Veto Switchgears IPO?

    Veto Switchgears IPO is a SME IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹25.00 Crores.

    The issue price of the IPO is ₹48 to ₹50 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Dec 3, 2012 and closes on Dec 5, 2012.

    Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Veto Switchgears IPO will open?

    The Veto Switchgears IPO opens on Dec 3, 2012 and closes on Dec 5, 2012.

  3. 3. How to apply for Veto Switchgears IPO?

    Veto Switchgears IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Veto Switchgears IPO allotment?

    The finalization of Basis of Allotment for Veto Switchgears IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Veto Switchgears IPO allotment status.

  5. 5. When is Veto Switchgears IPO listing date?

    The Veto Switchgears IPO listing date is on Monday, February 13, 2012, at NSE SME.
  6. 6. What is the lot size of Veto Switchgears IPO?

    Veto Switchgears IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

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Veto Switchgears IPO Review / Comments

SONMAYA
16. SONMAYA  Dec 13, 2012 09:45
Top Contributor Top Contributor (300+ Posts)
veto switchgears listed on nse today.at 58/against issue price 50/- currently trading at 50.35.
IPO SHOKHIN
15. IPO SHOKHIN  Dec 12, 2012 11:50
WHERE CAN WE SEE ALLOTMENT ?
majeedkkp
14. majeedkkp  Dec 10, 2012 14:12
VETO ALLOTMENT ON 12/12/12
Ahmedabad Daily
13. Ahmedabad Daily  Dec 7, 2012 11:05
latest Rate >>>>>

Veto >>> DISCOUNT (-1.5 - 2)
CARE >>>> +190
PcJ >>> + 20
Bharti >> no Movement thing trading

WITHDRAW FROM VETO
Venky IPO
12. Venky IPO  Dec 4, 2012 10:55
Cheaters all cheaters...What is the basis for this overpricing. Stocks of Excellent frontline branded companies with consistent growth record like Finolex Cables are already available in the market at better/par prices. How do these cheats expect me to buy a new stock for the same price? Retail investors - Please stay away
Jinnie
11. Jinnie  Dec 3, 2012 15:31
haha lead manager ne paisa dekar ipo bharva dia. vaswani number 2 in making.
Dilip Davda
10. Dilip Davda  Nov 28, 2012 12:31
Soon after this issue, we have CARE IPO opening on 07.12.12 followed by PC Jeweller by 10.12.12 and also tax free bonds from REC round the corner.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

Dilip Davda
9. Dilip Davda  Nov 27, 2012 16:38
Since this company is listing on NSE SME under Normal Market mode post allotment, it might not face the music faced by Thejo due to listing under Call Auction mode that did not favor performance of that stock post listing.

So, HNI''s can take a risk of parking moderate funds for listing gains, if any.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

Ahmedabad Daily
8. Ahmedabad Daily  Nov 26, 2012 11:17
Chor machaay shor ..................................
Jinnie
7. Jinnie  Nov 26, 2012 08:58
now my point is when ipos of pc jeweller and care and bharti r cming then y the hell v invest in this funny call auction exchange
Dilip Davda
7.1. Dilip Davda  Nov 28, 2012 19:00
Having learnt the blunder of Call Auction mode, this company has opted for other option i.e. Normal Market and hence there will be chances of listing gains. This point is clarified by BRLM and Promoters

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

Jinnie
6. Jinnie  Nov 26, 2012 08:57
this i copy and pasting from smartinvestment. read it. here clearly said that it is trade under call auction.

Veto Switchgears opens on 3rd Dec. & Closes on 5th Dec. 2012.
Price Band fixed at Rs.48 to 50
Veto Switchgears and Cables, a company engaged in the manufacture and sale of wires & cables and electrical accessories, has filed draft red herring prospectus with the National Stock Exchange for initial public offer of Rs 25 crore issues opens 3rd Dec. and Closes at 5th Dec. 2012. Price band has been fixed at Rs.48 to 50. The company supplies products under the brands VETO and VIMAL POWER Veto intends to issue proceeds for modernization of existing facility at Hardwar, Uttarakhand (with an outlay of Rs 4.7 crore) financing incremental long-term working capital requirement (with a cost of Rs 15.80 crore) enhancement of brand through advertising and other brand- building activities (with Rs 2 crore) and general corporate purposes. Net profit of the company increased 47 percent year-on-year to Rs 7.22 crore and total revenues rose 29 percent to Rs 68.7 crore in the year ended March 31, 2012. The equity shares are proposed to be listed on the SME Platform of the NSE - EMERGE - and traded in the SME Call auction.market.
Jinnie
5. Jinnie  Nov 25, 2012 18:46
seenuipo
u can see veto drhp and article on moneycontrol in whih it is mention tht it will list in call auction.
this is come just to take our money just avoid it.
seenuipo
4. seenuipo  Nov 25, 2012 10:41
Top Contributor Top Contributor (200+ Posts)
Hello jinnie and gundu anna,are you having the information that, this IPO also in call auction segment like thejo engg. Please don''t imagine the things.For example,everybody against the max alerts systems.The result is it was listed at 200% gains.
santonu
4.1. santonu  Nov 25, 2012 12:33
Top Contributor Top Contributor (200+ Posts)
Max alert was listed on BSE SME, and which is not following the the long process of call auction , problem lies only with the NSE SME and this issue will be 2nd issue to be listed on NSE SME and like to follow the same process as for thejo
seenuipo
3. seenuipo  Nov 25, 2012 10:34
Top Contributor Top Contributor (200+ Posts)
Dilip Davda sir,
kindlt inform the forum whether this IPO veto switch gears and cables ltd also will be in call action segment instead of normal market.
We burnt our fingers by applying in Thejo engg ltd. I am having Thejo engg stocks in my demat but so far I am not able to sell it in call action category.If same thing happens to this IPO also and which blocks the huge amount,it is difficult to me for applying in further good issues.In view of the above kindly inform for the sake of small investors before closing date.
Jinnie
2. Jinnie  Nov 24, 2012 11:22
y the hell this issue cm on call auction exchange. after the flop of thejo. just avoid this and money.
gundu anna
1. gundu anna  Nov 23, 2012 21:11
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Good issue to Loose your money






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