Veto Switchgears IPO subscribed 70 percent till second day - Indian IPO Blog

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Tuesday, December 4, 2012

Veto Switchgears IPO subscribed 70 percent till second day

The SME IPO of Veto Switchgears and Cables Ltd., which has gone on air from December 3, 2012, has received 70% subscription so far till Day 2 on an overall basis.

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 IPO has received a CRISIL SME fundamental grade of "SME 4/5" (SME Four on Five) to the proposed IPO of the Company. The grade indicates that the fundamentals of the Company are superior compared to other SMEs in India. The IPO would remain open for subscription till December 5, 2012

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