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M and B Switchgears to list shares on October 20
Transformer manufacturer M and B Switchgears is going to list its equity shares on exchanges on Thursday, October 20, 2011. It has fixed the issue price at higher end of price band of Rs 180-186 a share.
Transformer manufacturer M and B Switchgears is going to list its equity shares on exchanges on Thursday, October 20, 2011. It has fixed the issue price at higher end of price band of Rs 180-186 a share.
The 50-lakh equity shares' issue, which opened for subscription during September 28-October 5, was subscribed 1.41 times.
M and B Switchgears is engaged in manufacturing distribution, power, furnace and special purpose transformers.
The company planned to use funds (Rs 93 crore) for setting up new grid connected 4 MWp solar photovoltaic power plant at Gagorni village, Rajghar district in Madhya Pradesh.
