Business Standard

Veto Switchgears & Cables Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

25.00 cr

Price Range (₹)

50

Lot Size

3000

Min Investment (₹)

1,50,000.00

Listing Exchange

NSE - SME

Open Date

03-Dec-2012

Close Date

05-Dec-2012

Listing Date

13-Dec-2012

Veto Switchgears & Cables Ltd News

    The Shares of Veto Switchgears & Cables Ltd have now been listed.

    Veto Switchgears & Cables Ltd IPO Details

    Public issue of 5,000,000 equity shares of Rs. 10 each for cash at a price of Rs. 50/- per equity share (including a share premium of Rs. 40/- per equity share) aggregating upto Rs. 25.00 crores (The Issue) by the company, of which 834,000 equity shares will be reserved for subscription by Market Maker(s) to the issue (Market Maker Reservation Portion). The Issue less the Market Maker reservation portion i.e. issue of 4,166,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The Issue and the Net Issue will constitute 30.01% and 25.01%, respectively of the post issue paid up equity share capital of the company.Issue Price: Rs. 50 per equity share of face value of Rs. 10/-.The Issue price is 5 times of the face value.

    Objective of issue

    Modernisation of existing facility. To finance incremental long-term working cap. req.. Enhancement of the company's brand through advert.. General corporate purposes.

    Veto Switchgears & Cables Ltd Contact Details

    Veto Switchgears & Cables Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

    Phone - 91-22-40430200/28470652

    Fax - 91-22-28475207

    Email - cs@vetoswitchgears.com;info@vetoswitchgears.com;ve

    Website - www.vetoswitchgears.com