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

September 28, 2011 - October 5, 2011

M and B Switchgears IPO is a book built issue of Rs 93.00 crores.

M and B Switchgears IPO bidding started from September 28, 2011 and ended on October 5, 2011. The shares got listed on BSE, NSE on October 20, 2011.

M and B Switchgears IPO price band is set at ₹180 to ₹186 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹5,580.

D And A Financial Services Private Ltd is the book running lead manager of the M and B Switchgears IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to M and B Switchgears IPO RHP for detailed information.

M and B Switchgears IPO Details

IPO Date	September 28, 2011 to October 5, 2011
Listing Date	October 20, 2011
Face Value	₹10 per share
Price Band	₹180 to ₹186 per share
Lot Size	30 Shares
Total Issue Size	5,000,000 shares (aggregating up to ₹93.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	15,000,000
Share holding post issue	20,000,000

M and B Switchgears IPO Reservation

M and B Switchgears IPO offers 5,000,000 shares. 2,500,000 (50.00%) to QIB, 750,000 (15.00%) to NII, 1,750,000 (35.00%) to RII. 58,333 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 1,080 shares. (in case of oversubscription)

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	-	NA
QIB Shares Offered	2,500,000 (50.00%)	NA
NII (HNI) Shares Offered	750,000 (15.00%)
Retail Shares Offered	1,750,000 (35.00%)	58,333
Total Shares Offered	5,000,000 (100%)

M and B Switchgears IPO Lot Size

Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	30	₹5,580
Retail (Max)	35	1050	₹195,300
Lot Size Calculator

M and B Switchgears IPO Promoter Holding

The following individuals are the Promoters of the Company:

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

Share Holding Pre Issue	94.26%
Share Holding Post Issue	70.69%

About M and B Switchgears Ltd

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.

Company Financials

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

Key Performance Indicator

KPI	Values
ROCE	15.47%
RoNW	10.3%

Check M and B Switchgears IPO Peer Comparison here.

Objects of the Issue (M and B Switchgears IPO Objectives)

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 Review (Avoid)

[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...

M and B Switchgears IPO Subscription Status (Bidding Detail)

The M and B Switchgears IPO is subscribed 1.57 times on October 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)

Category	Subscription (times)
QIB	1.03
NII	1.56
Retail	2.35
Total	1.57

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 Prospectus

› M and B Switchgears IPO DRHP
› M and B Switchgears IPO RHP
› M and B Switchgears IPO Application Form Download

M and B Switchgears IPO Rating

3.5

Rating:

Vote Here ...

M and B Switchgears IPO Listing Details

Listing Date	October 20, 2011
BSE Script Code	533644
NSE Symbol	UJAAS
ISIN	INE899L01022
Final Issue Price	₹186 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue 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

Check IPO Performance…

M and B Switchgears Ltd Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

M and B Switchgears IPO - Buy or Not

M and B Switchgears IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	0	0	2
Members	0	0	0

Read All Reviews Post Your Review Manage Reviews

M and B Switchgears IPO Lead Manager(s)

D And A Financial Services Private Ltd (Past IPO Performance)

Lead Manager Reports

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 share. The minimum order quantity is 30 Shares.

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.

The M and B Switchgears IPO opens on September 28, 2011 and closes on October 5, 2011.

M and B Switchgears IPO lot size is 30 Shares, and the minimum amount required is ₹5,580.

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, Nuvama, 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 October 20, 2011.

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M and B Switchgears IPO Message Board

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87 Comments

Stock Discussion

87. ARIAN | Link | Bookmark |October 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 | Link | Bookmark |October 22, 2011 2:33:23 PM

what is the allotment ratio for minimum shares subscription in this share?

85. ronak khandelwal | Link | Bookmark |October 22, 2011 2:32:10 PM

WHAT IS THE ALLOTMENT RATIO FOR MINIMUM SUBSCRIPTION FOR THIS SHARE???

84. Deepak Dudi | Link | Bookmark |October 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 | Link | Bookmark |October 21, 2011 3:10:38 PM

good show but the experts are sleeping after the vasvani episode made people loose money

82. Deepak Dudi | Link | Bookmark |October 21, 2011 11:34:54 AM

Exit Exit Exit Start falling....

81. J J | Link | Bookmark |October 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 | Link | Bookmark |October 20, 2011 11:18:07 PM (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 | Link | Bookmark |October 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 | Link | Bookmark |October 20, 2011 7:40:47 PM (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 | Link | Bookmark |October 20, 2011 6:45:02 PM

Jackpot, when those 2 are getting listed?

76. Jackpoat | Link | Bookmark |October 20, 2011 6:26:37 PM (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 | Link | Bookmark |October 20, 2011 4:51:30 PM (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 | Link | Bookmark |October 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 | Link | Bookmark |October 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 | Link | Bookmark |October 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 | Link | Bookmark |October 20, 2011 3:56:43 PM

hi All,

what can be the target till 3.15??

70. Jackpoat | Link | Bookmark |October 20, 2011 3:44:40 PM (200+ Posts)

M&B works reverse that we thought.Thanks God i have not shorted.

69. GANDU ANNA | Link | Bookmark |October 20, 2011 3:41:29 PM

operator garibo ka khoon chus gaya

68. Jackpoat | Link | Bookmark |October 20, 2011 3:38:49 PM (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.