M&B Engineering IPO is a fully book-built issue with a total size of ₹650 crores. The M&B Engineering IPO includes a fresh issue of ₹275 crores and an offer-for-sale (OFS) of ₹375 crores by existing shareholders.
The M&B Engineering IPO opens for subscription on July 30, 2025 and closes on August 1, 2025. Anchor investor bidding will take place on July 29, 2025.
The basis of allotment for the M&B Engineering IPO is expected to be finalized by August 4, 2025. Refunds will be processed and shares will be credited to demat accounts by August 5, 2025.
The M&B Engineering IPO is expected to be listed on BSE and NSE on August 6, 2025.
The price band for the M&B Engineering IPO is set between ₹366 and ₹385 per share. The minimum lot size for retail investors is 38 shares, requiring an investment of approximately ₹14,630 at the lower band.
Investor quota allocation for the M&B Engineering IPO is 75% for QIBs, 15% for NIIs, and 10% for retail investors. There is also an employee discount of ₹36 per share. Book-running lead managers are Equirus Capital Private Limited and DAM Capital Advisors Limited. The registrar is MUFG Intime India Pvt Ltd (formerly Link Intime).
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IPO Schedule
| IPO Open Date | Wednesday, 30 Jul, 2025 |
|---|---|
| IPO Close Date | Friday, 01 Aug, 2025 |
| IPO Allotment Date | Monday, 04 Aug, 2025 |
| Refund Initiation | Tuesday, 05 Aug, 2025 |
| Share credit in Demat | Tuesday, 05 Aug, 2025 |
| Listing Date | Wednesday, 06 Aug, 2025 |
Key Details
| Price Band | ₹366 to ₹385 Per Share |
|---|---|
| Lot Size | 38 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹650.00 Crores |
| Fresh Issue | ₹275.00 Crores |
| OFS Issue | ₹375.00 Crores |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 75% |
| Retail | 10% |
| NII/HNI | 15% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | 14,630 |
| Retail (Max) | 13 | 494 | 190,190 |
| S-HNI (Min) | 14 | 532 | 204,820 |
| S-HNI (Max) | 68 | 2584 | 994,840 |
About M & B Engineering Limited Company
M&B Engineering Limited: Leading PEB and Self-Supported Roofing Solutions Provider
M&B Engineering is a leading provider of Pre-Engineered Buildings (PEBs) and Self-Supported Roofing solutions in India, boasting an installed capacity of 103,800 MTPA for PEB and 1,800,000 square meters per annum for Self-Supported Roofing as of December 31, 2024. The company holds the largest market share (75%) in India for manufacturing and installing self-supported steel roofing solutions as of fiscal 2024.
Structured into two divisions, Phenix and Proflex, M&B Engineering offers comprehensive turnkey solutions encompassing project design, engineering, manufacturing, and erection tailored to customer needs across industrial and infrastructure segments. The company serves diverse sectors including engineering, food and beverages, warehousing, power, textiles, and railways. M&B Engineering has successfully executed over 9,400 projects under its Phenix and Proflex divisions.
The company has demonstrated strong financial performance, registering one of the highest Compound Annual Growth Rates (CAGR) among its peers for Operating Profit Before Depreciation, Interest and Taxes (OPBDIT) and Profit After Tax (PAT) between fiscals 2022 and 2024, at 38.0% and 67.3% respectively.
M & B Engineering Limited Financial Details
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | – | 633.11 | 558.79 | 547.11 |
| Revenue from Operations | – | 795.06 | 880.47 | 688.23 |
| Profit After Tax | – | 45.63 | 32.89 | 16.31 |
| Net Worth | – | 233.03 | 180.51 | 145.10 |
| Reserves & Surplus | – | 183.03 | 160.51 | – |
| Total Borrowings | – | 204.84 | 148.75 | 99.58 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 9.17 | 19.68% | 46.61 |
Offer Objectives
The document details the offer objects, shareholding patterns, and share transfers of the company. Initial share transfers in 1992 involved 100 shares each at ₹470 per share, consideration being cash.
The shareholding pattern shows 5 crore (50 million) fully paid-up equity shares, entirely held (100%) by promoters and promoter group, with no public or non-promoter holdings, as of the date of the draft prospectus. This represents 100% of the total shares. Key shareholders include Girishbhai Manibhai Patel, holding 1.949 crore (19.49 million) shares, and Chirag Hasmukhbhai Patel, holding 1.7495 crore (17.495 million) shares.
The company aims to raise ₹27.5 crore (275 million) through a fresh issue of equity shares and ₹37.5 crore (375 million) through an offer for sale. The net proceeds will be used for capital expenditure (₹12.9848 crore / 129.848 million), IT software upgrades (₹52 lakh / 5.2 million), term loan repayments (₹6 crore / 60 million), and general corporate purposes. An Employee Stock Option Plan (ESOP) is in place, potentially issuing up to 7.5 lakh (0.75 million) shares to eligible employees.
Company Details
Address:
MB House, 51, Chandrodaya Society, Opp. Golden Triangle Stadium Road, Post Navjivan, Ahmedabad 380 014, Gujarat, India
Phone: +91 79 - 26463784
Email: [email protected]
Website: http://www.mbel.in
IPO Registrar Details
MUFG Intime India Private Limited ( Formerly Link Intime India Private Limited )
Phone: +91 8108114949
Email: [email protected]
Website: http://www.in.mpms.mufg.com
Offer Prospectus & Documents
Lead Managers
- Equirus Capital Private Limited
- DAM Capital Advisors Limited
