Veto Switchgears & Cables Ltd IPO


IPO Subscription Details

  • Open Date 03 Dec
  • Close Date 05 Dec
  • Lot Size 3000
  • IPO Size ₹ 25 Cr
  • IPO Price Range ₹ 50
  • Min Investment ₹ 150000

IPO Synopsis

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.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Veto Switchgears & Cables Ltd IPO

Contact Information


506 5 Flr Plot B-9 New Link Rd,
Landmark Building Andheri (W),
Mumbai, Maharashtra 400058

Veto Switchgears & Cables Ltd IPO Lead Manager

Indian Overseas BankKeynote Corporate Services Ltd