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M and B Switchgears Ltd
M and B Switchgears Ltd IPO Subscription Details
M and B Switchgears Ltd IPO Allotment Status
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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'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. Company is in business of manufacturing transformers for more than 30 years and is a preferred supplier of quality transformers. 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.
Company Promoters:
1. Mr. Shyam Sunder Mundra
2. Mr. Vikalp Mundra
3. Mr. Anurag Mundra
Issue Open |
Sep 28, 2011 - Oct 05, 2011 |
Issue Type |
100% Book Built Issue IPO |
Issue Size |
5,000,000 Equity Shares of Rs. 10 |
Issue Size |
Rs. 90.00 - 93.00 Crore |
Face Value |
Rs. 10 Per Equity Share |
Issue Price |
Rs. 180 - Rs. 186 Per Equity Share |
Market Lot |
30 Shares |
Minimum Order Quantity: |
30 Shares |
Listing At |
BSE, NSE |
IPO Subscription Detail / IPO Oversubscription Details / IPO Bidding Status
Number of Times Issue is Subscribed (BSE + NSE) |
As on Date & Time |
Qualified Institutional Buyers (QIBs) |
Non Institutional Investors (NIIs) |
Retail Individual Investors (RIIs) |
Total |
Shares Offered / Reserved |
2,500,000 |
750,000 |
1,750,000 |
5,000,000 |
Day 1 (28-9-2011) |
0.0000 |
0.0000 |
0.0000 |
0.0000 |
Day 2 (29-9-2011) |
0.0000 |
0.0000 |
0.0500 |
0.0200 |
Day 3 (30-9-2011) |
0.0000 |
0.0000 |
0.1100 |
0.0400 |
Day 4 (3-10-2011) |
0.0000 |
0.7700 |
0.3100 |
0.2300 |
Day 5 (4-10-2011) |
0.5900 |
1.3800 |
0.5800 |
0.7100 |
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