Tuesday, February 12, 2008

V-Guard Industries Limited IPO


Incorporated in 1996, V-Guard Industries Limited is in the manufacturing and marketing of various electrical and electronic products.
V-Guard presently have sixteen branches including head office located in Cochin, spread across 12 states and the Union Territory of Delhi. They have recently ventured into states of Maharashtra, Haryana, Madhya Pradesh, Orissa, Himachal Pradesh, Chattisgarh, Uttar Pradesh and Gujarat.
Products marketed under the brand name ‘V-GUARD’ are:
Electronic Voltage Stabilizers
Monobloc, Jet, Submersible pumps and Electric Motors
Insulated Electrical Cables (House Wiring & Industrial)
Electric Storage & Instant Water Heaters
Solar Water Heaters
UPS
Electric Fans
Generation of power through wind mills.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
Setup Cable manufacturing facilities;
Enameling Plant;
Plants and Service & Distribution centre at strategic locations throughout the country;
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
V-Guard Industries Limited IPO Information
»» Public Issue Open: February 18, 2008 to February 21, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 80,00,000 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 80/- to Rs 85/- »» Market Lot: 80 Shares »» Minimum Order Quantity: 80 Shares »» Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: Anand Rathi Securities Limited »» Registrar: Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320 Email:vil.ipo@intimespectrum.com)

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