Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
M & B Switchgears IPO is a book build issue of ₹93.00 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹93.00 crore.
M & B Switchgears IPO bidding started from Sep 28, 2011 and ended on Oct 5, 2011. The shares got listed on BSE, NSE on Oct 20, 2011.
M & B Switchgears IPO price band is set at ₹186.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,400 (30 shares). The lot size investment for sNII is 36 lots (1,080 shares), amounting to ₹2,00,880, and for bNII, it is 180 lots (5,400 shares), amounting to ₹10,04,400.
D&A Financial Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to M & B Switchgears IPO RHP for detailed Information.
| IPO Date | September 28, 2011 to October 5, 2011 |
| Listing Date | October 20, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹180 to ₹186 per share |
| Issue Price Final | ₹186 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,00,000 shares (aggregating up to ₹93.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,00,00,000 shares |
M and B Switchgears IPO offers total 50,00,000 shares. Out of which 25,00,000 (50.00%) allocated to QIB, 7,50,000 (15.00%) allocated to NII, 17,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 25,00,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 7,50,000 (15.00%) | NA |
| Retail Shares Offered | 17,50,000 (35.00%) | 58,333 |
| Total Shares Offered | 50,00,000 (100.00%) |
M & B Switchgears IPO opens on September 28, 2011, and closes on October 5, 2011.
| IPO Open Date | Wed, Sep 28, 2011 |
| IPO Close Date | Wed, Oct 5, 2011 |
| Tentative Listing Date | Thu, Oct 20, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 5, 2011 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹5,580 |
| Retail (Max) | 35 | 1,050 | ₹1,95,300 |
| S-HNI (Min) | 36 | 1,080 | ₹2,00,880 |
| S-HNI (Max) | 179 | 5,370 | ₹9,98,820 |
| B-HNI (Min) | 180 | 5,400 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Lacs) | ||||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | |
| Total Income | 3528.26 | 3750.42 | 2658.12 | 1987.68 | 1618.51 |
| Profit After Tax (PAT) | 79.19 | 92.98 | 42.03 | 29.03 | 21.71 |
The Company M and B Switchgears IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] 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...
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
| Listing Date | October 20, 2011 |
| BSE Script Code | 533644 |
| NSE Symbol | UJAAS |
| ISIN | INE899L01022 |
| Final Issue Price | ₹186 per share |
| BSE Listing Group | B |
M & B Switchgears Ltd.
Survey No. 211/1, Opp Sector-C and Metalman,
Sanwer Road, Industrial Area,
Indore 452 015 Madhya Pradesh, India
Indore, Madhya Pradesh
Phone: +91-731-2722388
Email: toshiba.s@mbswitch.com
Website: http://www.mbswitch.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: MandB.ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
M & B Switchgears IPO is a main-board IPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹93.00 Crores. The issue is priced at ₹186 per share. The minimum order quantity is 30.
The IPO opens on September 28, 2011, and closes on October 5, 2011.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in M & B Switchgears IPO using UPI as a payment gateway. Zerodha customers can apply in M & B Switchgears IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in M & B Switchgears IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The M & B Switchgears IPO opens on September 28, 2011 and closes on October 5, 2011.
M & B Switchgears IPO lot size is 30, and the minimum amount required for application is ₹5,580.
You can apply in M & B Switchgears IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for M & B Switchgears IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the M & B Switchgears IPO allotment status.
The M & B Switchgears IPO listing date is on Thursday, October 20, 2011.
Useful Articles
RHP