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IPO

IPO Details


Veto Switchgears & Cables Ltd
Registered Office: 506 5 Flr Plot B-9 New Link Rd, Landmark Building Andheri (W), Mumbai - 400058, Maharashtra
Phone: 91-141-4100400
Email: cs@vetoswitchgears.com;info@vetoswitchgears.com;ve
Website: www.vetoswitchgears.com
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.
Issue Money Payable On
Opens On Closes On Application Allotment
03-Dec-2012 05-Dec-2012 ₹ 50.00 ₹ 0.00
Minimum Application for shares in Nos : 3000.0 Further Multiples of : 3000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 25.50 Indian Overseas Bank
Project Financed through Current Offer 25.00
Post Issue Equity Share Capital 16.66
Issue Price ₹50.00
Projects
Modernisation of existing facility
To finance incremental long-term working cap. req.
Enhancement of the company's brand through advert.
General corporate purposes
Promoted By
Veto Electropowers (I) Pvt Ltd
Vishnu Kumar Gurnani
Mohan Das Gurnani
Listing At
NSE - SME
Registrar to the Issue
No Data Available

INDIAN INDICES

Sensex

83,410.78 -22.11 (-0.03%)

Nifty

25,452.75 -8.25 (-0.03%)

GLOBAL INDICES

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NASDAQ
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23,916.07 -153.88(-0.64%)