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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