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Allotment

M&B Engineering Limited

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.

M&B Engineering Limited IPO & Charts
₹385

0%

Open

₹385

HIgh - Low

₹385

Previous Close

₹385

Total Traded Value

0

52 Weeks High

₹385

52 Weeks Low

₹385

Updates On

Jul 20, 2025

IPO. Open

Jul 30, 2026

IPO. Close

Aug 1, 2026

IPO. Price

₹385.00

IPO Market price

₹2,200.00 Cr

IPO Details

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 Timeline

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

IPO Reservation

Category Offer
QIB Shares Offered 53,11,475 Shares
NII (HNI) Shares Offered 26,55,737 Shares
Retail Shares Offered 17,70,491 Shares

IPO Lot Size

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
About Company

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

M&B Engineering Ltd. reported a 23% growth in revenue and a 69% increase in profit after tax (PAT) in the financial year ended March 31, 2025, compared with the financial year ended March 31, 2024.

Company Financials (Consolidated)

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

Key Performance Indicator (KPI)

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 Objective

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) -

Contact Details

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/

Detail Registrar

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

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