M AND B SWITCHGEARS LIMITED IPO

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M AND B SWITCHGEARS LIMITED IPO

Issue Open: September 28, 2011
Issue close: October 05, 2011
Price Band: Rs. 180 – Rs. 186 Per Equity Share
Minimum Bid Size: 30 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount  for Retail Investor: Rs. 200000

 

M AND B SWITCHGEARS LIMITED IPO:

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.

M AND B SWITCHGEARS LIMITED IPO Grading / Rating:

ICRA has assigned an IPO Grade 2 to M AND B SWITCHGEARS LIMITED IPO. This means as per ICRA, company has ‘Below Average Fundamentals’.

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