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September 28, 2011 - October 5, 2011

M and B Switchgears IPO Subscription Details

M and B Switchgears IPO Subscription Status Live

M and B Switchgears IPO subscribed 1.57 times. The public issue subscribed 2.35 times in the retail category, 1.03 times in QIB, and 1.56 times in the NII category by October 5, 2011 (Day 6).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions1.032,500,0000
Non-Institutional Buyers1.56750,0000
Retail Investors2.351,750,0000
Employees[.]00
Others[.]00
Total 1.575,000,0000

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.


M and B Switchgears IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
September 28, 2011
0.000.000.000.00
Day 2
September 29, 2011
0.000.000.050.02
Day 3
September 30, 2011
0.000.000.110.04
Day 4
October 3, 2011
0.000.770.310.23
Day 5
October 4, 2011
0.591.380.580.71
Day 6
October 5, 2011
1.031.562.351.57

M and B Switchgears IPO Shares Offered

M and B Switchgears IPO is a public issue of 5,000,000 equity shares. The issue offers 1,750,000 shares to retail investors, 2,500,000 shares to qualified institutional buyers, and 750,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB2,500,00046.5050.00%
NII750,00013.9515.00%
Retail1,750,00032.5535.00%
Total5,000,00093.00100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

M and B Switchgears IPO Subscription FAQs

The M and B Switchgears IPO is subscribed 1.57 by October 5, 2011.

M and B Switchgears IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional1.03
Non Institutional1.56
Retail Individual2.35
Employee Reservations[.]
Others[.]
Total Subscription1.57

Retail category of M and B Switchgears IPO subscribed 2.35 times as of date October 5, 2011. The public issue closes on October 5, 2011 for bidding.

An investor can apply in M and B Switchgears IPO online via bank (using ASBA) or the broker (using UPI). The M and B Switchgears IPO shares are offered online only.

The M and B Switchgears IPO is subscribed 1.57 by October 5, 2011.

The M and B Switchgears IPO allotment status is expected on or around . Visit M and B Switchgears IPO allotment status to check.

The M and B Switchgears IPO listing date is Thursday, October 20, 2011. The equity share of M and B Switchgears Ltd will list on BSE, NSE.

Visit M and B Switchgears IPO subscription status page for real-time bidding information about M and B Switchgears IPO.

M and B Switchgears IPO Timetable

IPO Opens OnSeptember 28, 2011
IPO Closes OnOctober 5, 2011
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date