Friday, November 23, 2012

Veto Switchgears IPO will open on Dec 3rd

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.

Visit Veto Switchgears and Cables Ltd IPO page for more detail.