130  Total SME IPOs listed in 2025

6,045.32 Crs.  Total funds raised in 2025

92  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

130  Total SME IPOs listed in 2025

6,045.32 Crs.  Total funds raised in 2025

92  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

130  Total SME IPOs listed in 2025

6,045.32 Crs.  Total funds raised in 2025

92  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

130  Total SME IPOs listed in 2025

6045.32 Crs.  Total funds raised in 2,025.00

92  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

MandB Switchgears Limited IPO Analysis

MandB Switchgears IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 93.00 Cr. The company is based in Indore and caters to Electric Equipments - Transformers sector. D And A Financial Services is the merchant banker of MandB Switchgears IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 19th January 2011.

MandB Switchgears IPO posted revenues of ₹ 35.28 Cr. and PAT of ₹ 0.77 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 35.28 Cr.
            EBITDA: ₹ 3.42 Cr.
            PAT: ₹ 0.77 Cr.
  • EBITDA Margin: 9.69 %
            Pat Margin: 2.18 %
  • Net Worth: ₹ 15.56 Cr.
  • Market Capitalisation: [●]
  • P/E: 34.04 times
  • P/BV: [●]
  • EV/EBITDA: 0.51 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

MandB Switchgears IPO Financial Performance (Restated)

Financial results of MandB Switchgears IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY11 FY10 FY09
Balance Sheet
Assets 29.32 31.91 23.30
Net Worth 15.56 10.50 6.64
Total Debt 2.90 1.95 10.10
Profit & Loss
Revenue
Revenue on annualised basis
35.28 37.50 26.58
EBITDA
EBITDA on annualised basis
3.42 3.60 1.38
PAT
PAT on annualised basis
0.77 0.92 0.40
Financials
FY11
FY10
FY09
Balance Sheet
Assets
29.32
31.91
23.30

Net Worth
15.56
10.50
6.64

Total Debt
2.90
1.95
10.10

Profit & Loss
Revenue
Revenue on annualised basis
35.28
35.28
37.50
26.58

EBITDA
EBITDA on annualised basis
3.42
3.42
3.60
1.38

PAT
PAT on annualised basis
0.77
0.77
0.92
0.40

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

MandB Switchgears IPO Key performance Indicators (KPI)

MandB Switchgears IPO PAT Margin is 2.18 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows MandB Switchgears IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY11 FY10 FY09
EBITDA Margin (%) 9.69 9.60 5.19
PAT Margin (%) 2.18 2.45 1.50
EPS (₹) 0.67 1.00 0.45
ROE (%) 4.95 8.76 6.02
ROCE (%) [●] [●] [●]
ROA (%) 2.63 2.88 1.72
Debt to Equity 0.19 0.19 1.52
Particulars
FY11
FY10
FY09

EBITDA Margin (%)
9.69
9.60
5.19

PAT Margin (%)
2.18
2.45
1.50

EPS (₹)
0.67
1.00
0.45

ROE (%)
4.95
8.76
6.02

ROCE (%)
[●]
[●]
[●]

ROA (%)
2.63
2.88
1.72

Debt to Equity (x)  
0.19
0.19
1.52

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

MandB Switchgears IPO Valuation Metrics

The market Capitalisation of MandB Switchgears IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
34.04

P/B (times) :
[●]

NAV (₹) :
10.37

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in MandB Switchgears prospectus?

The MandB Switchgears IPO prospectus highlights an Return on Equity (ROE) of 4.95 % , Return on Assets (ROA) of 2.63 %, and an EBITDA Margin of 9.69 %, showcasing financial performance.

How do profitability ratios impact the evaluation of MandB Switchgears IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows MandB Switchgears IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for MandB Switchgears IPO ?

The post-IPO market capitalisation of MandB Switchgears IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of MandB Switchgears IPO?

The MandB Switchgears IPO has a Price-to-Earnings (PE) ratio of 34.04 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of MandB Switchgears IPO?

MandB Switchgears IPO reported revenue of ₹ 33.99 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from MandB Switchgears IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of MandB Switchgears IPO?

MandB Switchgears recorded an EBITDA of ₹ 3.42 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of MandB Switchgears IPO?

MandB Switchgears Profit After Tax (PAT) is ₹ 0.77 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 35.28 Cr.
            EBITDA: ₹ 3.42 Cr.
            PAT: ₹ 0.77 Cr.
  • EBITDA Margin: 9.69 %
            Pat Margin: 2.18 %
  • Net Worth: ₹ 15.56 Cr.
  • Market Capitalisation: [●]
  • P/E: 34.04 times
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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Read more details of this IPO

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FAQs

MandB Switchgears operates in Electric Equipments - Transformers and Manufacturing Of Distribution Transformers Power Transformers. The Issue is listed on BSE,NSE in Oct, 2011. MandB Switchgears IPO size was 93.00 with Issue price of 186.00 .

Merchant Banker(s) of MandB Switchgears IPO: D And A Financial Services Private Limited

MandB Switchgears IPO subscription was 1.57 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

MandB Switchgears IPO listed at a listing price of 317.55 against the offer price of 186.00.

The current market price of MandB Switchgears is .

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