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'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
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.
IPO Opening Date | Dec 3, 2012 |
IPO Closing Date | Dec 5, 2012 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹48 to ₹50 per equity share |
Market Lot | 3000 Shares |
Min Order Quantity | 3000 Shares |
Listing At | NSE SME |
Issue Size | 5,000,000 Eq Shares of ₹10 (aggregating up to ₹25.00 Cr) |
The Veto Switchgears IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150,000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 3000 | ₹150,000 |
Maximum | 1 | 3000 | ₹150,000 |
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
The Veto Switchgears IPO is subscribed 1.56x times on Dec 5, 2012 17:00. The public issue subscribed 2.06x in the retail category, 1.05x in the QIB category, and 1.47x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
QIB | 1.05x |
NII | 1.47x |
RII | 2.06x |
Total | 1.56x |
Listing Date | Monday, February 13, 2012 |
BSE Script Code | 539331 |
NSE Symbol | |
Listing In | |
ISIN | INE918N01018 |
IPO Price | ₹50 per equity share |
Face Value | ₹10 per equity share |
|
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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
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 is a SME IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹25.00 Crores. The issue is priced at ₹48 to ₹50 per equity share. The minimum order quantity is 3000 Shares.
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.
The Veto Switchgears IPO opens on Dec 3, 2012 and closes on Dec 5, 2012.
Veto Switchgears IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
You can apply in Veto Switchgears IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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