The IPO for M and B Switchgears is a Rs 93.00 crore book-built issue. The IPO bidding for M and B Switchgears began on September 28, 2011, and concluded on October 5, 2011. On October 20, 2011, the shares were listed on the BSE and NSE. The IPO pricing range for M and B Switchgears is ₹180 to ₹186 per share. An application must have a minimum lot size of thirty shares. Retail investors are required to invest a minimum of ₹5,580.
M and B Switchgears Ltd. was founded in 1999 and specializes in the production of power, distribution, furnaces, rectifiers, and special-purpose transformers. The company has been producing transformers for over 30 years and is a reputable source for high-quality transformers. With a single shift, the company’s current yearly manufacturing capacity is 75,000 KVA of transformer every month, with an annual aggregate capacity of 9,00,000 KVA. M and B are able to produce 5,109 transformers annually. Nearly all electrical boards are reputable industrial
organizations in the steel, power, pharmaceutical, textile, and automotive industries, as well as public sector companies like NCL, SECL, WCL, Ordanace Plant, and numerous other government utilities, are among the company’s clientele.
M and B Switchgears IPO Details
| IPO Date | September 28, 2011 to October 5, 2011 |
| Listing Date | October 20, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹180 to ₹186 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 5,000,000 shares (aggregating up to ₹93.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
M and B Switchgears IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹5,580 |
| Retail (Max) | 35 | 1050 | ₹195,300 |
M and B Switchgears IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 2,500,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 750,000 (15.00%) | |
| Retail Shares Offered | 1,750,000 (35.00%) | 58,333 |
| Total Shares Offered | 5,000,000 (100%) |
M and B Switchgears Company Financials
| Particulars | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|---|---|
| Total Income | 3528.26 | 3750.42 | 2658.12 | 1987.68 | 1618.51 |
| Profit After Tax (PAT) | 79.19 | 92.98 | 42.03 | 29.03 | 21.71 |
Objects of the Issue (M and B Switchgears IPO Objectives)
The objects of the issue are:
- To set up our new grid-connected 4 MWp solar photovoltaic power plant at Village Gagorni, Distt. Rajghar, Madhya Pradesh; and
- To meet the general corporate purpose
M and B Switchgears IPO Listing Details
| Listing Date | October 20, 2011 |
| BSE Script Code | 533644 |
| NSE Symbol | UJAAS |
| ISIN | INE899L01022 |
| Final Issue Price | ₹186 per share |
M and B Switchgears Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹186.00 | ₹186.00 |
| Open | ₹180.00 | ₹190.00 |
| Low | ₹118.65 | ₹121.05 |
| High | ₹356.00 | ₹356.00 |
| Last Trade | ₹317.55 | ₹318.40 |
M and B Switchgears Ltd Contact Details
M and B Switchgears Ltd
Survey No. 211/1, Opp Sector-C and Metalman,
Sanwer Road, Industrial Area,
Indore 452 015 Madhya Pradesh, India
Phone: +91-731-2722388
Email: [email protected]
Website: http://www.mbswitch.com
M and B Switchgears IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263-8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
M and B Switchgears IPO FAQs
Q1. What is the M and B Switchgears IPO?
Ans. M and B Switchgears IPO is a main-board IPO of 5,000,000 equity shares with a face value of ₹10, aggregating up to ₹93.00 crore. The issue is priced at ₹180 to ₹186 per share. The minimum order quantity is 30 shares. The IPO opens on September 28, 2011, and closes on October 5, 2011.
Q2. When will M and B Switchgears IPO open?
Ans. The M and B Switchgears IPO opens on September 28, 2011 and closes on October 5, 2011.
Q3. What is the lot size of the M and B Switchgears IPO?
Ans. M and B Switchgears IPO lot size is 30 shares, and the minimum amount required is ₹5,580.
Q4. When is M and B Switchgears IPO listing date?
Ans. The M and B Switchgears IPO listing date is October 20, 2011.
