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M&B Engineering IPO is a book build issue of ₹650.00 crores. The issue is a combination of fresh issue of 0.71 crore shares aggregating to ₹275.12 crores and offer for sale of 0.97 crore shares aggregating to ₹374.88 crores.
M&B Engineering IPO bidding started from Jul 30, 2025 and ended on Aug 1, 2025. The allotment for M&B Engineering IPO was finalized on Aug 4, 2025. The shares got listed on BSE, NSE on Aug 6, 2025.
M&B Engineering IPO price band is set at ₹385.00 per share . The lot size for an application is 38. The minimum amount of investment required by an retail is ₹13,908 (38 shares). The lot size investment for sNII is 14 lots (532 shares), amounting to ₹2,04,820, and for bNII, it is 69 lots (2,622 shares), amounting to ₹10,09,470.
The issue includes a reservation of up to 57,306 shares for employees offered at a discount of ₹36.00 to the issue price.
Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to M&B Engineering IPO RHP for detailed Information.
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | August 6, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹366 to ₹385 per share |
| Issue Price Final | ₹385 per share |
| Lot Size | 38 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,68,88,474 shares (aggregating up to ₹650.00 Cr) |
| Fresh Issue | 71,48,215 shares (aggregating up to ₹275.12 Cr) |
| Offer for Sale | 97,40,259 shares of ₹10 (aggregating up to ₹374.88 Cr) |
| Employee Discount | ₹36.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 5,71,48,215 shares |
M&B Engineering IPO offers total 1,68,88,474 shares. Out of which 1,26,23,377 (74.75%) allocated to QIB, 50,49,351 (29.90%) allocated to QIB (Ex- Anchor), 25,24,675 (14.95%) allocated to NII, 16,83,116 (9.97%) allocated to RII and 75,74,026 (44.85%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,26,23,377 (74.75%) | NA |
| − Anchor Investor Shares Offered | 75,74,026 (44.85%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 50,49,351 (29.90%) | NA |
| NII (HNI) Shares Offered | 25,24,675 (14.95%) | NA |
| − bNII > ₹10L | 16,83,117 (9.97%) | 3,163 |
| − sNII < ₹10L | 8,41,558 (4.98%) | 1,581 |
| Retail Shares Offered | 16,83,116 (9.97%) | 44,292 |
| Employee Shares Offered | 57,306 (0.34%) | NA |
| Total Shares Offered | 1,68,88,474 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
M&B Engineering IPO raises ₹291.60 crore from anchor investors. M&B Engineering IPO Anchor bid date is July 29, 2025. M&B Engineering IPO Anchor Investors list
| Bid Date | July 29, 2025 |
| Shares Offered | 75,74,026 |
| Anchor Portion Size (In Cr.) | 291.60 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 1, 2025 |
M&B Engineering IPO opens on July 30, 2025, and closes on August 1, 2025.
| IPO Open Date | Wed, Jul 30, 2025 |
| IPO Close Date | Fri, Aug 1, 2025 |
| Tentative Allotment | Mon, Aug 4, 2025 |
| Initiation of Refunds | Tue, Aug 5, 2025 |
| Credit of Shares to Demat | Tue, Aug 5, 2025 |
| Tentative Listing Date | Wed, Aug 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 1, 2025 |
Investors can bid for a minimum of 38 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1981, M&B Engineering Limited is engaged in the business of Pre-Engineered Buildings and Self-Supported Roofing solutions. They manufactures and installed self-supported steel roofing solutions in India.
The Company offers design-led manufacturing solutions, providing design, engineering, manufacturing, and testing to ensure reliable, safe, and high-performance structures, specializing in pre-engineered buildings, structural steel, and steel roofing.
The Company has provided solutions to customers across various sectors, including general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways.
The Company operates two manufacturing facilities in Sanand, Gujarat, and Cheyyar, Tamil Nadu, with a combined PEB capacity of 103,800 MTPA. Sanand started in 2008, Cheyyar in 2024.
The Company exports PEBs and structural steel components to 22 countries, including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles since Fiscal 2010.
The company has executed 9,500+ projects until Fiscal 2025 under Phenix and Proflex divisions.
Competitive Strenghths:
M&B Engineering Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 69% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 849.21 | 633.11 | 558.79 |
| Total Income | 996.89 | 808.26 | 889.00 |
| 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 |
| Amount in ₹ Crore | |||
The market capitalization of M&B Engineering IPO is ₹2200.00 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 15.41 | 13.48 |
| P/E (x) | 24.98 | 28.55 |
The Company M&B Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at the Manufacturing Facilities | 130.58 |
| 2 | Investment in IT software upgradation by the Company | 5.20 |
| 3 | Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by the Company | 58.75 |
| 4 | General corporate purposes | 80.47 |
[Dilip Davda] MBEL is one of the leading PEB players for variety of needs to various segments. It has completed around 9500 projects till March 31, 2025 under its Phenix and Proflex divisions. While its PAT grew over the years, its top line marked inconsistency for the last three fiscals. Based on recent financial data, the issue appears aggressively priced. Only well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | August 6, 2025 |
| BSE Script Code | 544470 |
| NSE Symbol | MBEL |
| ISIN | INE08N601015 |
| Final Issue Price | ₹385 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
M&B Engineering Ltd.
MB House, 51, Chandrodaya Society,
Opp. Golden Triangle, Stadium
Post Navjivan,
Ahmedabad, Gujarat, 380014
Phone: +91 79- 264637
Email: compliance@mbel.in
Website: http://www.mbel.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mbengg.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
M&B Engineering IPO is a main-board IPO of 1,68,88,474 equity shares of the face value of ₹10 aggregating up to ₹650.00 Crores. The issue is priced at ₹385 per share. The minimum order quantity is 38.
The IPO opens on July 30, 2025, and closes on August 1, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in M&B Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in M&B Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in M&B Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The M&B Engineering IPO opens on July 30, 2025 and closes on August 1, 2025.
M&B Engineering IPO lot size is 38, and the minimum amount required for application is ₹14,630.
You can apply in M&B Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for M&B Engineering IPO will be done on Monday, August 4, 2025, and the allotted shares will be credited to your demat account by Tuesday, August 5, 2025. Check the M&B Engineering IPO allotment status.
The M&B Engineering IPO listing date is on Wednesday, August 6, 2025.
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