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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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