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Home › IPOs › M & B Switchgears Ltd.
MB
M & B Switchgears Ltd.
CLOSED NSE & BSE Bookbuilding IPO Fresh Capital M & B Switchgears IPO GMP
GREY MARKET PREMIUM
₹ 0
No premium data
EST. LISTING PRICE
₹186
Issue Price: ₹ 186
Issue Price
₹186
Face Value
₹10
Lot Size
30 shares
Open Date
28 Sep 2011
Close Date
05 Oct 2011
Listing Date
20 Oct 2011
Exchange
NSE & BSE
M & B Switchgears IPO About the Company

Incorporated in 1999, M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers.

Company is in business of manufacturing transformers for more than 30 years and is a preferred supplier of quality transformers. Company's existing annual production capacity in terms of KVA is 75,000 KVA of transformer per month on single shift basis and annual aggregate capacity is 9,00,000 KVA per annum. M and B have capacity to manufactures 5,109 transformers per annum. Company's client base include almost all electricity boards, reputed industrial groups which include steel, power, pharma, textile, automobile etc., public sector companies like NCL, SECL, WCL, Ordanace factory & various other government utilities.

...read more
M & B Switchgears IPO Objects of the Issue
Purpose Amount (₹ Cr)
1 To set up our new grid connected 4 MWp solar photovoltaic power plant at Village Gagorni, Distt. Rajghar, Madhya Pradesh; and —
2 To meet General corporate purpose —
M & B Switchgears IPO Lead Managers
D&A Financial Services Pvt.Ltd.
Financial Summary Amount in Lakhs
Metric 31-Mar-11 31-Mar-10 31-Mar-09
Revenue 3,528 3,750 2,658
PAT 79 93 42
M & B Switchgears IPO Key Financial Ratios
ROCE
15
RONW
10
Issue Details
Total Shares Offered
5,000,000 (100%)
Pre-Issue Shareholding
15,000,000 shares
Post-Issue Shareholding
20,000,000 shares
UPI Mandate
05 Oct 2011
IPO Analytics Dashboard
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M & B Switchgears IPO GMP Insights
👤
Retail Demand
Good
💼
HNI Interest
Good
🏦
QIB Demand
Strong
📊
Valuation
Moderate
M & B Switchgears IPO GMP Strength Score
7 / 10 Good
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
M & B Switchgears IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB — 2,500,000 (50%) —
💼 NII / HNI — 750,000 (15%) —
👤 Retail (RII) — 1,750,000 (35%) —
Σ Total — 5,000,000 (100%) —

* Amount calculated at upper price band (₹186) ·  ** Total includes all investor categories

Subscription Overview Share allocation by investor category
🏦
QIB ? 2,500,000 (50%)
50%
💼
NII / HNI ? 750,000 (15%)
15%
👤
Retail (RII) ? 1,750,000 (35%)
35%
Total Shares Offered 5,000,000 (100%)
M & B Switchgears IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 30
Min. Investment ₹5,580
💼 HNI Investors ?
Min. Lots 36
Min. Shares 1,080
Min. Investment ₹200,880
🏛️ bHNI (>₹10L) ?
Min. Lots 180
Min. Shares 5,400
Min. Investment ₹1,004,400
Investor Interpretation
  • Retail allocation is good at 35% of the total offering.
  • HNI/NII demand is good at 15%.
  • Institutional (QIB) interest is strong at 50%.

This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.

STOCK PRICE HISTORY  ·  NSE
—
Issue Price: ₹ 186  ·  Symbol: —
H —
L —
O —
M & B Switchgears IPO Company Info
📍 Survey No. 211/1, Opp Sector-C and Metalman, Sanwer Road, Industrial Area, Indore 452 015 Madhya Pradesh, India Indore, Madhya Pradesh
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M & B Switchgears IPO Registrar
Bigshare Services Pvt.Ltd.
Check Allotment Status
M & B Switchgears IPO FAQs
M & B Switchgears IPO has already listed. Its last recorded GMP was ₹0. GMP is only indicative and never a guarantee of listing gains.
The issue price of M & B Switchgears IPO is ₹186 per share. One lot has 30 shares, so the minimum investment is about ₹5,580. It is a Fresh Capital issue.
M & B Switchgears IPO opened on 28 Sep 2011 and closed on 05 Oct 2011. Shares are listed on NSE & BSE on 20 Oct 2011.
Incorporated in 1999, M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers.
As per the offer document, M & B Switchgears plans to use the IPO proceeds for: 1 To set up our new grid connected 4 MWp solar photovoltaic power plant at Village Gagorni, Distt. Rajghar, Madhya Pradesh; and; 2 To meet General corporate purpose.
The lead manager of M & B Switchgears IPO is D&A Financial Services Pvt.Ltd..
M & B Switchgears IPO is proposed to list on NSE & BSE; it is a Bookbuilding IPO and the issue is a Fresh Capital.
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