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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 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.
| Particulars | For the year/period ended (in Rs. Lacs) | ||||
| 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 |
The objects of the Issue are:
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.
| IPO Date | Sep 28, 2011 to Oct 5, 2011 |
| Listing Date | Thursday, October 20, 2011 |
| Face Value | ₹10 per share |
| Price | ₹180 to ₹186 per share |
| Lot Size | 30 Shares |
| Issue Size | 5,000,000 shares of ₹10 (aggregating up to ₹93.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The following individuals are the Promoters of the Company: 1. Mr. Shyam Sunder Mundra |
The M and B Switchgears IPO lot size is 30 shares. A retail-individual investor can apply for up to 35 lots (1050 shares or ₹195,300).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹5,580 |
| Retail (Max) | 35 | 1050 | ₹195,300 |
ICRA has assigned an IPO Grade 2 to M and B Switchgears IPO. This means as per CARE, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read M and B Switchgears IPO Report
Avoid. the company posted net profit of Rs. 0.79 crore on a turnover of Rs. 33.99 crore for the fiscal 2010-11 that gives an EPS of Rs. 0.04 per share at the lower price band and thus asking price is exorbitant and is also at a 18 P/BV. Read detail review...
The M and B Switchgears IPO is subscribed 1.57 times on Oct 5, 2011 5:00:00 PM. The public issue subscribed 2.35 times in the retail category, 1.03 times in the QIB category, and 1.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.03 |
| NII | 1.56 |
| Retail | 2.35 |
| Total | 1.57 |
| Listing Date | Thursday, October 20, 2011 |
| BSE Script Code | 533644 |
| NSE Symbol | UJAAS |
| Listing In | B Group of Securities |
| ISIN | INE899L01022 |
| IPO Price | ₹186 per share |
| Face Value | ₹10 per share |
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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: toshiba.s@mbswitch.com
Website: http://www.mbswitch.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: MandB.ipo@bigshareonline.com
Website: http://www.bigshareonline.com
M and B Switchgears IPO is a main-board IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹93.00 Crores. The issue is priced at ₹180 to ₹186 per share. The minimum order quantity is 30 Shares.
The IPO opens on Sep 28, 2011, and closes on Oct 5, 2011.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The M and B Switchgears IPO opens on Sep 28, 2011 and closes on Oct 5, 2011.
M and B Switchgears IPO lot size is 30 Shares and the minimum order quantity is .
You can apply in M and B Switchgears IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for M and B Switchgears IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the M and B Switchgears IPO allotment status.
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Security Buy/Sell Quantity Gross Rate per Security Total Gross Brokerage per Security Brokerage Total Net Rate Net Total Amount
M AND B SWITCHGEARS LIMITED B 100 166.80 16680.0000 0.0500 5.00 166.8500 -16685.00
M AND B SWITCHGEARS LIMITED S 31 169.15 5243.6500 0.0500 1.55 169.1000 5242.10
M AND B SWITCHGEARS LIMITED S 20 169.25 3385.0000 0.0500 1.00 169.2000 3384.00
M AND B SWITCHGEARS LIMITED S 49 169.25 8293.2500 0.0500 2.45 169.2000 8290.80
M AND B SWITCHGEARS LIMITED B 1 164.50 164.5000 0.0500 0.05 164.5500 -164.55
M AND B SWITCHGEARS LIMITED B 78 165.00 12870.0000 0.0500 3.90 165.0500 -12873.90
M AND B SWITCHGEARS LIMITED B 21 164.95 3463.9500 0.0500 1.05 165.0000 -3465.00
M AND B SWITCHGEARS LIMITED S 100 168.00 16800.0000 0.0500 5.00 167.9500 16795.00
M AND B SWITCHGEARS LIMITED B 100 167.00 16700.0000 0.0500 5.00 167.0500 -16705.00
M AND B SWITCHGEARS LIMITED S 100 166.60 16660.0000 0.0500 5.00 166.5500 16655.00
M AND B SWITCHGEARS LIMITED B 79 163.40 12908.6000 0.0500 3.95 163.4500 -12912.55
M AND B SWITCHGEARS LIMITED B 1 163.50 163.5000 0.0500 0.05 163.5500 -163.55
M AND B SWITCHGEARS LIMITED B 20 163.50 3270.0000 0.0500 1.00 163.5500 -3271.00
M AND B SWITCHGEARS LIMITED B 100 158.10 15810.0000 0.0500 5.00 158.1500 -15815.00
M AND B SWITCHGEARS LIMITED B 6 149.65 897.9000 0.0400 0.24 149.6900 -898.14
M AND B SWITCHGEARS LIMITED B 94 149.65 14067.1000 0.0400 3.76 149.6900 -14070.86
M AND B SWITCHGEARS LIMITED S 15 153.00 2295.0000 0.0500 0.75 152.9500 2294.25
M AND B SWITCHGEARS LIMITED S 85 153.00 13005.0000 0.0500 4.25 152.9500 13000.75
M AND B SWITCHGEARS LIMITED B 100 149.70 14970.0000 0.0400 4.00 149.7400 -14974.00
M AND B SWITCHGEARS LIMITED B 5 138.00 690.0000 0.0400 0.20 138.0400 -690.20
M AND B SWITCHGEARS LIMITED B 10 137.80 1378.0000 0.0400 0.40 137.8400 -1378.40
M AND B SWITCHGEARS LIMITED B 54 137.80 7441.2000 0.0400 2.16 137.8400 -7443.36
M AND B SWITCHGEARS LIMITED B 31 138.45 4291.9500 0.0400 1.24 138.4900 -4293.19
M AND B SWITCHGEARS LIMITED S 100 129.50 12950.0000 0.0400 4.00 129.4600 12946.00
M AND B SWITCHGEARS LIMITED S 100 143.80 14380.0000 0.0400 4.00 143.7600 14376.00
M AND B SWITCHGEARS LIMITED S 100 149.00 14900.0000 0.0400 4.00 148.9600 14896.00
M AND B SWITCHGEARS LIMITED S 6 331.25 1987.5000 0.1000 0.60 331.1500 1986.90
M AND B SWITCHGEARS LIMITED S 43 331.25 14243.7500 0.1000 4.30 331.1500 14239.45
M AND B SWITCHGEARS LIMITED S 51 331.25 16893.7500 0.1000 5.10 331.1500 16888.65
M AND B SWITCHGEARS LIMITED B 81 133.00 10773.0000 0.0400 3.24 133.0400 -10776.24
M AND B SWITCHGEARS LIMITED B 19 132.00 2508.0000 0.0400 0.76 132.0400 -2508.76
M AND B SWITCHGEARS LIMITED B 47 132.00 6204.0000 0.0400 1.88 132.0400 -6205.88
M AND B SWITCHGEARS LIMITED B 52 132.00 6864.0000 0.0400 2.08 132.0400 -6866.08
M AND B SWITCHGEARS LIMITED B 1 132.00 132.0000 0.0400 0.04 132.0400 -132.04
M AND B SWITCHGEARS LIMITED S 4 330.05 1320.2000 0.1000 0.40 329.9500 1319.80
M AND B SWITCHGEARS LIMITED S 100 330.10 33010.0000 0.1000 10.00 330.0000 33000.00
M AND B SWITCHGEARS LIMITED S 5 330.25 1651.2500 0.1000 0.50 330.1500 1650.75
M AND B SWITCHGEARS LIMITED S 91 330.60 30084.6000 0.1000 9.10 330.5000 30075.50
Net profit/loss - +54k