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M and B Switchgears IPO Details

Issue Open Sep 28, 2011
Issue Close Oct 5, 2011
IPO Price ₹186
Face Value ₹10
IPO Size ₹93.00 Cr
Listing At BSE, NSE
IPO Lot Size 30

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 Oct 5, 2011.

Investor CategorySubscription (times)
Qualified Institutions1.03
Non-Institutional Buyers1.56
Retail Investors2.35
Employees[.]
Others[.]
Total1.57

M and B Switchgears IPO Subscription Details (times)

DateQIBNIIRetailTotal

Day 1
Sep 28, 2011

0.00

0.00

0.00

0.00

Day 2
Sep 29, 2011

0.00

0.00

0.05

0.02

Day 3
Sep 30, 2011

0.00

0.00

0.11

0.04

Day 4
Oct 3, 2011

0.00

0.77

0.31

0.23

Day 5
Oct 4, 2011

0.59

1.38

0.58

0.71

Day 6
Oct 5, 2011

1.03

1.56

2.35

1.57


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 Offered%
QIB2,500,00050.00%
NII750,00015.00%
Retail1,750,00035.00%
Total5,000,000100%

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)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 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.

M and B Switchgears IPO Subscription FAQs

The M and B Switchgears IPO is subscribed 1.57 by Oct 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 Oct 5, 2011. The public issue closes on Oct 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 Oct 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 OnSep 28, 2011
IPO Closes OnOct 5, 2011
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date