Allotment

The M&B Engineering IPO is a book-built issue aggregating to ₹650.00 crore, comprising a fresh issue of 0.71 crore equity shares amounting to ₹275.12 crore and an offer for sale of 0.97 crore equity shares aggregating to ₹374.88 crore.
The IPO opened for subscription on July 30, 2025, and closed on August 1, 2025. The allotment was finalized on August 4, 2025, and the equity shares were listed on both the BSE and NSE on August 6, 2025.
The price band for the M&B Engineering IPO was fixed at ₹385 per share. The lot size for application was 38 shares. Accordingly, the minimum investment required for retail investors was ₹14,630 (38 shares, calculated at the upper end of the price band). For small non-institutional investors (sNII), the minimum application was 14 lots (532 shares) amounting to ₹2,04,820, while for big non-institutional investors (bNII), it was 69 lots (2,622 shares) amounting to ₹10,09,470.
The issue also included a reservation of up to 57,306 equity shares for eligible employees, offered at a discount of ₹36 per share to the issue price.
Equirus Capital Pvt. Ltd. was the book-running lead manager for the issue, and MUFG Intime India Pvt. Ltd. acted as the registrar.
₹3850%
Open
HIgh - Low
Previous Close
Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
IPO. Close
IPO. Price
IPO Market price
| IPO Date | 6 Aug |
| IPO Listing Date | 6 Aug |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹385.00 |
| IPO Issue Size | 1,68,88,474 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | ₹36.00 |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| hare Holding Pre Issue | 5,00,00,000 shares |
| IPO Open Date | 30 Jul |
| IPO Close Date | 1 Aug |
| IPO Allotment (Tentative) | 4 Aug |
| Refunds | 5 Aug |
| Credit to Demat Account | 5 Aug |
| IPO Listing Date | 6 Aug |
| Category | Offer |
|---|---|
| QIB Shares Offered | 53,11,475 Shares |
| NII (HNI) Shares Offered | 26,55,737 Shares |
| Retail Shares Offered | 17,70,491 Shares |
Investors can apply for a minimum of 38 shares and in multiples of 38 thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,630 |
| Retail (Max) | 13 | 494 | ₹1,90,190 |
| S-HNI (Min) | 14 | 532 | ₹2,04,820 |
| S-HNI (Max) | 68 | 2,584 | ₹9,94,840 |
| B-HNI (Min) | 69 | 2,622 | ₹10,09,470 |
Incorporated in 1981, M&B Engineering Limited is engaged in the design, manufacture, and installation of pre-engineered buildings (PEBs) and self-supported steel roofing solutions in India.
Business Overview
The company provides design-led manufacturing solutions encompassing design, engineering, manufacturing, and testing to deliver reliable, safe, and high-performance structures. Its core offerings include pre-engineered buildings, structural steel, and self-supported steel roofing systems.
M&B Engineering has served customers across a wide range of sectors, including general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways.
Manufacturing Facilities
The company operates two manufacturing plants located at Sanand, Gujarat, and Cheyyar, Tamil Nadu, with a combined PEB production capacity of 103,800 metric tonnes per annum (MTPA). The Sanand facility commenced operations in 2008, while the Cheyyar facility became operational in 2024.
Exports
Since fiscal 2010, M&B Engineering has exported PEBs and structural steel components to 22 countries, including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles.
Business Divisions and Services
Phenix Division: Provides integrated manufacturing solutions for PEBs, including design, engineering, and production. The division leverages advanced software and modern equipment to enhance efficiency, quality, and cost-effectiveness in customer projects.
Proflex Division: Specializes in the manufacture and installation of self-supported steel roofing systems. Using mobile manufacturing units deployed at customer sites, the division produces roofing panels, seams them on-site, and installs them using cranes after completion of civil structures.
The company has successfully executed over 9,500 projects under its Phenix and Proflex divisions up to fiscal 2025.
Products
Phenix Division: Manufactures PEBs comprising primary structural components (frames and columns), secondary components (purlins and girts), cladding solutions such as pre-painted galvalume (PPGL), and standing seam roofing systems with multiple coating options.
Proflex Division: Offers roofing solutions for reinforced cement concrete (RCC) structures, steel structures, and L-section roofs.
Competitive Strengths
Among the leading players by installed capacity in the domestic PEB industry, with a strong international presence, and a market leader in the domestic self-supported roofing segment
Comprehensive portfolio of specialized products and services, positioning the company as an end-to-end solution provider
Long-standing customer relationships across diverse industries, supported by a robust order book of ₹8,428.38 million as of June 30, 2025
Strategically located manufacturing facilities with extensive in-house design and engineering capabilities, along with 14 mobile manufacturing units for self-supported roofing systems
| Assets | 849.21 | 633.11 | 558.79 |
| Total Income | 996.89 | 808.26 | 889 |
| Profit After Tax | 77.05 | 45.63 | 32.89 |
| EBITDA | 126.38 | 79.62 | 66.43 |
| NET Worth | 306.53 | 233.03 | 180.51 |
| Reserves and Surplus | 256.53 | 183.03 | 160.51 |
| Total Borrowing | 186.13 | 204.84 | 148.75 |
| ROE | 25.13% |
| ROCE | 24.80% |
| Debt/Equity | 0.33 |
| RoNW | 25.14% |
| PAT Margin | 7.73% |
| EBITDA Margin | 12.78% |
| Price to Book Value | 6.28 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 130.58 |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 80.47 |
| 4 | Offer for Sale (OFS) | - |
M&B Engineering Ltd. Address
MB House, 51, Chandrodaya Society,
Opp. Golden Triangle, Stadium
Post Navjivan,
Ahmedabad, Gujarat, 380014
+91 79- 264637
compliance@mbel.in
https://www.mbel.in/
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
mbengg.ipo@linkintime.co.in
https://in.mpms.mufg.com/Initial_Offer/public-issues.html