M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers.
M and B Switchgears is in business of manufacturing transformers for more than 30 years and is a preferred supplier of quality transformers.
M and B Switchgears 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. M and B Switchgears 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.
Offer Opens on
Offer Closes on
Offer Price
28 Sep, 2011
5th Oct, 2011
180 - 186
Objectives of M and B SwitchgearsIPO
1) To set up new grid connected 4 MWp solar photovoltaic power plant at Village Gagorni, Distt. Rajghar, Madhya Pradesh; and
2) To meet General corporate purpose.
ICRA has assigned an IPO Grade 2(Below Average Fundamentals) to M and B Switchgears IPO
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