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.
The following individuals are the Promoters of the Company:
1. Mr. Shyam Sunder Mundra
2. Mr. Vikalp Mundra
3. Mr. Anurag Mundra
|Particulars||For the year/period ended (in Rs. Lacs)|
|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.
|Issue Open||Sep 28, 2011 - Oct 5, 2011|
|Issue Type||Book Built Issue IPO|
|Issue Size||5,000,000 Eq Shares of Rs 10 |
(aggregating up to Rs 93.00 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 180 - Rs 186 Per Equity Share|
|Market Lot||30 Shares|
|Min Order Quantity||30 Shares|
|Listing At||BSE, NSE|
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
Check IPO Ratings from other stock analysts.
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Oct 5, 2011 17:00
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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
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