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M and B Switchgears IPO Subscription Details (Live Status)

M and B Switchgears IPO Details

IPO Open Sep 28, 2011
IPO Close Oct 5, 2011
IPO Price ₹186
Face Value ₹10
IPO Size ₹93.00 Cr
Listing At BSE, NSE
Lot Size 30
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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
0.000.000.000.00
Day 2
Sep 29, 2011
0.000.000.050.02
Day 3
Sep 30, 2011
0.000.000.110.04
Day 4
Oct 3, 2011
0.000.770.310.23
Day 5
Oct 4, 2011
0.591.380.580.71
Day 6
Oct 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 subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

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