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

veto switchgears listed on nse today.at 58/against issue price 50/- currently trading at 50.35.

WHERE CAN WE SEE ALLOTMENT ?

VETO ALLOTMENT ON 12/12/12

latest Rate >>>>>

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

WITHDRAW FROM VETO

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

haha lead manager ne paisa dekar ipo bharva dia. vaswani number 2 in making.

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.

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.

Chor machaay shor ..................................

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

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

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.

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.

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.

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

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.

y the hell this issue cm on call auction exchange. after the flop of thejo. just avoid this and money.

Good issue to Loose your money