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Track all the latest updates and news of Veto Switchgears IPO.
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Published by : MorningstarVeto Switchgears NSE SME IPO finally subscribed 1.56 times (2.06 times in retail). Public Issue of Veto Switchgears IPO closed today (5th Dec) for subscription.
Detailed final Veto Switchgears IPO Subscription as of 5 PM on 5th Dec:
1. Qualified Institutional Buyers (QIBs): 1.05 times
2. Non Institutional Investors: 1.47 times
3. Retail Individual Investors (RIIs): 2.06 times
Total: 1.56 times
Veto Switchgears and Cables Ltd is entering in the capital markets with an initial public offering (IPO), aggregating upto Rs 25 crore through a book building process. The price band for the issue has been fixed at Rs 48/- at lower level and Rs 50/- at upper level.
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.
The issue opens on Dec 03, 2012 and closes for subscription on Dec 05, 2012. The equity shares of the issue are proposed to be listed on the SME Platform of the NSE.
The Veto Switchgears IPO is proposed to open on December 3, 2012. The IPO application ends on December 5, 2012.
Retail investors can apply in the retail or non-institutional investor category from December 3, 2012 to December 5, 2012. The Veto Switchgears IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Veto Switchgears IPO will open for subscription on December 3, 2012. The public issue will close on December 5, 2012.
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