Veto Switchgears & Cables Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,041,500 (21%) | — | ₹521 Cr |
| NII (HNI) | — | 1,666,400 (33%) | — | ₹833 Cr |
| Retail | — | 1,458,100 (29%) | — | ₹729 Cr |
| Market Maker | — | 834,000 (17%) | — | ₹417 Cr |
| Σ Total | — | 5,000,000 (100%) | — | ₹25,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹150,000 |
| Retail (Max) | 13 | 39,000 | ₹1,950,000 |
| S-HNI (Min) | 14 | 42,000 | ₹2,100,000 |
| B-HNI (Min) | 67 | 201,000 | ₹10,050,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Modernisation of existing facility at Hardwar, Uttarakhand – 4.70
- 2 Incremental long-term working capital requirement – 15.80
- 3 Enhancement of our Company’s brand through advertising and other brand-building activities – 2.00
- 4 General Corporate Purposes – 1.00
- 5 To meet the Issue expenses – 2.00
Company Overview
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".