M & B Engineering IPO is fully book build issue and total IPO size is ₹650 crores. The offering includes a fresh issue worth ₹275 crores and an offer for sale of ₹375 crores.
The dates for the M & B Engineering IPO have not been announced yet.
The allotment process is expected to be finalized by [.]. The M & B Engineering IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].
The price band for the M & B Engineering IPO has not been announced yet.
Registrar for this IPO is MUFG Intime India Private Limited ( Formerly Link Intime India Private Limited ) and lead managers for M & B Engineering IPO are Equirus Capital Private Limited, DAM Capital Advisors Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| 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% |
About M & B Engineering Limited Company
M&B Engineering Limited is a leading Indian provider of Pre-Engineered Buildings (PEBs) and Self-Supported Roofing solutions. As of December 31, 2024, our installed capacity is 103,800 MTPA for PEBs and 1,800,000 square meters per annum for Self-Supported Roofing. We are the largest player in India for self-supported steel roofing solutions, holding a 75% market share in Fiscal 2024.
Our operations are divided into two divisions: Phenix, which offers PEBs and structural steel, and Proflex, specializing in self-supported steel roofing. We provide end-to-end turnkey solutions, including design, engineering, manufacturing, and erection, tailored to meet client needs in various sectors such as engineering, food and beverages, warehousing, power, and railways.
Between Fiscal 2022 and 2024, we achieved significant growth, with one of the highest Compound Annual Growth Rates (CAGR) among our peers for Operating Profit Before Depreciation, Interest, and Taxes (OPBDIT) at 38.0% and Profit After Tax (PAT) at 67.3%. We have successfully completed over 9,400 projects across both divisions.
M & B Engineering Limited Financial Details
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 781.94 | 633.11 | 558.79 | 547.11 |
| Revenue | 680.89 | 808.26 | 889.69 | 698.92 |
| Profit After Tax | 47.79 | 44.76 | 33.68 | 19.71 |
| Net Worth | 278.47 | 233.03 | 180.51 | 145.1 |
| Reserves and Surplus | 228.47 | 183.03 | 160.51 | 125.1 |
| Total Borrowing | 139.77 | 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 | 0.45 | 19.68% | 19.17% |
Offer Objectives
The offer objects involve a fresh issue of equity shares aggregating up to ₹27.50 crore and an offer for sale of equity shares aggregating up to ₹37.50 crore. The company will not receive any proceeds from the Offer for Sale.
The net proceeds from the fresh issue are proposed to be utilized for several key objectives. ₹129.848 crore is earmarked for funding capital expenditure requirements, which include purchasing equipment, machinery, building works, solar rooftop grid, and transport vehicles at the manufacturing facilities.
A further ₹5.20 crore is designated for investment in IT software upgrades. Additionally, ₹60.00 crore is allocated for repaying or prepaying term loans of certain borrowings.
The remainder of the funds are intended for general corporate purposes. The company anticipates benefits from the listing of equity shares, including enhancing visibility and brand image, and creating a public market for its equity shares in India. The Pre-IPO Placement, if undertaken, shall not exceed 20% of the size of the Fresh Issue.
The gross proceeds of the fresh issue are up to ₹27.50 crore, and the net proceeds will be finalized upon determination of the offer price.
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
Phone: +91 81081 14949
Email: [email protected]
Website: http://www.in.mpms.mufg.com
Offer Prospectus & Documents
Lead Managers
- Equirus Capital Private Limited
- DAM Capital Advisors Limited
