Veto Switchgears & Cables Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

03 Dec 2012

Close Date

05 Dec 2012

Allotment

11 Dec 2012

Listing Date

13 Feb 2012

Exchange

NSE SME

Price Band

₹50

Listing Price

See chart

Allotment Status

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Price Band

₹50

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

50,01,000 shares (aggregating up to ₹25.01 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹150,000

1 lot

Pre-IPO Holding

1,16,60,000 shares

Promoters

Post-IPO Holding

1,66,60,000 shares

Promoters

UPI Deadline

2012-12-05

Mandate

Anchor AllotmentSun, 02 Dec 2012

Basis of AllotmentTue, 11 Dec 2012

Refund InitiationWed, 12 Dec 2012

Demat CreditWed, 12 Dec 2012

Listing DayMon, 13 Feb 2012

UPI Mandate Deadline2012-12-05

Sale TypeFresh Capital

Net Offer to Public41,67,000 shares (aggregating up to ₹20.84 Cr)

Market Maker Quota8,34,000 shares (aggregating up to ₹4.17 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Veto Switchgears & Cables Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 05 Dec 2012.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	834,000	—	₹4.17
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,000,000	100%	₹25.00

IPO Shares Offered

Veto Switchgears & Cables Ltd. IPO total issue size: ₹25.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	834,000	₹4.17	16.68%
Total	5,000,000	₹25.00	100.00%

* Based on upper price band ₹50 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹50.00

Upper Band

Min Investment

₹150,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹300,000
Retail (Max — 13 Lots)	13	39,000	₹1,950,000
S-HNI (Min — 14 Lots)	14	42,000	₹2,100,000
B-HNI (Min — 68 Lots)	68	204,000	₹10,200,000

* Issue Price ₹50 × Lot Size 3,000 shares

IPO Schedule

Anchor

02 Dec 2012

✓ Done

IPO Open

03 Dec 2012

✓ Done

IPO Close

05 Dec 2012

✓ Done

Allotment

11 Dec 2012

✓ Done

Refunds

12 Dec 2012

✓ Done

Demat Credit

12 Dec 2012

✓ Done

Listing Day

13 Feb 2012

✓ Done

₹50.00

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Issue ₹50.00 Live Price

About Veto Switchgears & Cables Ltd.

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".

Objects of the Issue

1 Modernisation of existing facility at Hardwar, Uttarakhand

2 Incremental long-term working capital requirement

3 Enhancement of our Company’s brand through advertising and other brand-building activities

4 General Corporate Purposes

5 To meet the Issue expenses

Veto Switchgears & Cables Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

RoNW

26.66%

Issue Structure & Shareholding

Total Shares Offered50,00,000 (100.00%)

Net Offer to Public41,67,000 shares (aggregating up to ₹20.84 Cr)

Reserved for Market Maker8,34,000 shares (aggregating up to ₹4.17 Cr)

Pre-Issue Promoter Holding1,16,60,000 shares

Post-Issue Promoter Holding1,66,60,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Indian Overseas Bank

Keynote Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Veto Switchgears & Cables Ltd. IPO subscribed? ▲

Veto Switchgears & Cables Ltd. IPO is subscribed 1.00 times by Dec 05, 2012. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Veto Switchgears & Cables Ltd. IPO retail subscription status? ▼

The Veto Switchgears & Cables Ltd. IPO retail category is subscribed 1.00 times as of 05 Dec 2012. The retail portion is oversubscribed.

How to subscribe Veto Switchgears & Cables Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 03 Dec 2012 and closes 05 Dec 2012. Min investment: ₹150,000 (1 lot = 3,000 shares). UPI mandate: 2012-12-05.

How many times Veto Switchgears & Cables Ltd. IPO subscribed? ▼

The Veto Switchgears & Cables Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Veto Switchgears & Cables Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 11 Dec 2012. Refunds: on 12 Dec 2012.

When Veto Switchgears & Cables Ltd. IPO will be listed? ▼

The Veto Switchgears & Cables Ltd. IPO listing date is 13 Feb 2012, Monday. Listed on: NSE SME. Issue price: ₹50. Estimated listing: ₹50. GMP: NIL.

When Veto Switchgears & Cables Ltd. IPO close? ▼

The Veto Switchgears & Cables Ltd. IPO closes on 05 Dec 2012, Wednesday. UPI mandate: 2012-12-05. Allotment: 11 Dec 2012. Listing: 13 Feb 2012.

Quick Actions

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Live Price LIVE

Last Price₹50.00

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Issue Price₹50.00

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Quick Summary

StatusListed

Issue Price₹50

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹150,000

GMPNIL

Est. Listing₹50

Subscribed1.00x

Open Date03 Dec 2012

Close Date05 Dec 2012

Allotment11 Dec 2012

Listing Date13 Feb 2012

ExchangeNSE SME

UPI Deadline2012-12-05