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V-Guard Industries, a company based in Kerala, is engaged in the manufacturing and marketing of electrical and electronic products. It is open for subscription with an initial public offer (IPO) of 80,00,000 equity shares of Rs 10 each for cash at price band of Rs 80 to Rs 85 per share.
The net issue to the public comprises of 76,00,000 equity shares and 4,00,000 equity shares have been reserved for the employees. The issue will constitute 26.80% of the fully diluted post issue paid up equity share capital of the company. The company will raise Rs 68 crore at the upper end of the price band.
The capital raised from the issue will be deployed to set up Cable manufacturing facilities in
During the year 2006-07, V-Guard reported total turnover of Rs 22227.48 lakh. Sales has grown from Rs 11061.46 lakh as on March 2003 to Rs 22227.48 lakh as on March 2007 at a CAGR of 19.06%. The profit after tax of the company has grown from Rs 489.97 lakh on March 2003 to Rs 1349.69 lakh in March 2007 at a CAGR of 28.83%.
Anand Rathi Securities Limited is the book running lead manager to the IPO and Intime Spectrum Registry Limited is the registrar to the issue.
The shares will be listed on Bombay Stock Exchange and National Stock Exchange of
V-Guard Industries is engaged in the manufacturing and marketing of Electronic Voltage Stabilizers, Monobloc, Jet, Submersible, Compressor pumps and Electric Motors, Insulated Electrical Cables (House Wiring, Industrial), Electric Storage & Instant Water Heaters, Solar Water Heaters, UPS, Electric Fans and is also in generation of Power in a small way. V-Guard is present in 16 states with eighteen branches including our head office located in
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