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M and B Switchgears Ltd IPO (M and B Switchgears IPO) Detail

Sep 28, 2011 - Oct 5, 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.

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.

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Company Promoters:

The following individuals are the Promoters of the Company:

1. Mr. Shyam Sunder Mundra
2. Mr. Vikalp Mundra
3. Mr. Anurag Mundra

Company Financials:

ParticularsFor the year/period ended (in Rs. Lacs)
31-Mar-1131-Mar-1031-Mar-0931-Mar-0831-Mar-07
Total Income3528.263750.422658.121987.681618.51
Profit After Tax (PAT)79.1992.9842.0329.0321.71

Objects of the Issue:

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.

M and B Switchgears IPO Details

IPO Opening Date Sep 28, 2011
IPO Closing Date Oct 5, 2011
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹180 to ₹186 per equity share
Market Lot 30 Shares
Min Order Quantity 30 Shares
Listing At BSE, NSE
Issue Size5,000,000 Eq Shares of ₹10
(aggregating up to ₹93.00 Cr)

M and B Switchgears IPO Lot Size

The M and B Switchgears IPO market 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 (Cut-off)
Minimum 1 30 ₹5,580
Maximum 35 1050 ₹195,300

M and B Switchgears IPO Grading

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

M and B Switchgears IPO Review

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...

M and B Switchgears IPO Subscription Status (Bidding Detail)

The M and B Switchgears IPO is subscribed 1.57 times on 10/5/2011 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)

CategorySubscription (times)
QIB1.03
NII1.56
Retail2.35
Total1.57

M and B Switchgears IPO Prospectus

M and B Switchgears IPO Rating

66
3.5
Rating:Rated 3.5 stars
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M and B Switchgears IPO Listing Date

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 equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹186.00
₹180.00
₹118.65
₹356.00
₹317.55
NSE
₹186.00
₹190.00
₹121.05
₹356.00
₹318.40

Company Contact Information

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

M and B Switchgears IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: MandB.ipo@bigshareonline.com
Website: http://www.bigshareonline.com

M and B Switchgears IPO Reviews / Ratings

M and B Switchgears IPO FAQs

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 equity 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 30 Shares.

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.

The M and B Switchgears IPO listing date is on Thursday, October 20, 2011.

M and B Switchgears IPO Message Board

Ranked Members  Ranked Members

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87 Comments

87. ARIAN |Oct 23, 2011 4:56:03 AM
I had a good time in this share listing.

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
86. ronak khandelwal |Oct 22, 2011 2:33:23 PM
what is the allotment ratio for minimum shares subscription in this share?
85. ronak khandelwal |Oct 22, 2011 2:32:10 PM
WHAT IS THE ALLOTMENT RATIO FOR MINIMUM SUBSCRIPTION FOR THIS SHARE???
84. Deepak Dudi |Oct 21, 2011 4:03:30 PM
M&B is like PG electro it will 500 then fall at 200....so be active. it is good for make money..with stoploss...and in heave fall or heave upward stoploss and target will not work
83. RAJE HEMANT |Oct 21, 2011 3:10:38 PM
good show but the experts are sleeping after the vasvani episode made people loose money
82. Deepak Dudi |Oct 21, 2011 11:34:54 AM
Exit Exit Exit Start falling....
81. J J |Oct 20, 2011 11:37:56 PM
Remember my post, told u 2 c rate of M B at 3'o clock on listing day.
MCX 2800/
jjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj
80. Jackpoat |Oct 20, 2011 11:18:07 PM
Top Contributor Top Contributor (200+ Posts)
SKDash jee, one morthing about ventura-It does not support BTST because shaaare got creadited inti a/c on t+2 day
79. bhaji mula |Oct 20, 2011 9:06:22 PM
Alloted 1 lot in IPO and sold at 300...after long time earned a bit in IPO.....
78. gundu anna |Oct 20, 2011 7:40:47 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Recent listings shows how futile to apply for Junk IPO's to make money. It may appear we will make money with small IPO's by wild swings on both sides, but in practise it is very difficult to do it.

My greetings to all who made money and wish good luck for those who lost the money.
77. Shiva |Oct 20, 2011 6:45:02 PM
Jackpot, when those 2 are getting listed?
76. Jackpoat |Oct 20, 2011 6:26:37 PM
Top Contributor Top Contributor (200+ Posts)
SkDash jee , I think OCT IPO Story over now.
Have u applied swajas air or not.
your INDOTHAI lien removed or not.
75. Jackpoat |Oct 20, 2011 4:51:30 PM
Top Contributor Top Contributor (200+ Posts)
Now only Traders or Traditional Investor cum Trader(Who never sell any share with book loss and make long positian on it like one of my uncle who buy 100 taksheel at 113 and put sell order at 119 which is not executed and it makes new low but he dont sell it at 105-95-80-65-45-40 level and wait for tgt 150.buy for trade -not put sl-if loss invest on it) make profit in IPO.IPO now not gives listing gain(on opening bell).So why we should apply IPOs and make It successful.Who buys m&B between 179 to 121 and sell above 186 to 355 make profit but who apply 186 and sell between 179 to 121 books loss and if he short it for recover loss book more lose.

OneLife,Flexi,Taksheel also opens near issue Price and m&b below issue price.

I am not a good trader and when i ll trade book loss .
74. Shiva |Oct 20, 2011 4:42:21 PM
Bought at opening @ 175 ...booked loss at 150...against bought at 185...sold @ 320...total profit 10k...
73. selva raj |Oct 20, 2011 4:19:27 PM
Faced a thrilling in MB:-)endup up with 8200 profit..covered my shorts around 171..then bought again..wooooooo.......long breath after finishing tday's trade..
72. sh |Oct 20, 2011 4:11:16 PM
Completely missed MBSwitch today. Computer motherboard got fried. By the time I got a friends computer, it's all over.

Congrats to all who shorted in the morning and went long in the afternoon.
71. Shiva |Oct 20, 2011 3:56:43 PM
hi All,

what can be the target till 3.15??
70. Jackpoat |Oct 20, 2011 3:44:40 PM
Top Contributor Top Contributor (200+ Posts)
M&B works reverse that we thought.Thanks God i have not shorted.
69. GANDU ANNA |Oct 20, 2011 3:41:29 PM
operator garibo ka khoon chus gaya
68. Jackpoat |Oct 20, 2011 3:38:49 PM
Top Contributor Top Contributor (200+ Posts)
SkDash

My plan is normal plan intraday.03(oneside)and .3 delivery.
I have not pay any advance brokorage.

I have installed pointer and it is very fast and good s/w working well.I never uses its web version but web version is ok but speed may little slow then s/w.I have no idea about chat system.Call and trade facility is available.

Service is good till now.