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Friday, September 23, 2011

M and B Switchgears IPO Price Band and Bid Lot

The Price Band for the upcoming IPO of M and B Switchgears Limited, which would open for subscription from September 28, 2011, has been fixed at Rs.180/- to Rs.186/- per equity share with a Face Value of Rs.10/- each.

Correspondingly, the bid lot or the minimum order quantity is ascertained as 30 Equity Shares and in multiples thereof. M and B Switchgears IPO is a 100% Book Built Issue consisting of 5,000,000 Equity Shares of Rs.10/-. The IPO would close for subscription on October 5, 2011

M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers

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