Bookbuilding IPO | ₹650 Cr | Listed at BSE, NSE | Wed, Jul 30, 2025 - Fri, Aug 1, 2025
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 per share. The lot size for an application is 38. The minimum amount of investment required by an retail is ₹14,630 (38 shares) (based on upper price). 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 Open
Wed, Jul 30, 2025
IPO Close
Fri, Aug 1, 2025
Issue Price
₹385 per share
Market Cap (Pre-IPO)
₹2,200.00 Cr
| IPO Date | 30 Jul to 1 Aug, 2025 |
| Listed on | Wed, Aug 6, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹366 to ₹385 |
| Issue Price | ₹385 per share |
| Lot Size | 38 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹36.00 |
| Total Issue Size | 1,68,88,474 shares (agg. up to ₹650 Cr) |
| Fresh Issue | 71,48,215 shares (agg. up to ₹275 Cr) |
| Offer for Sale | 97,40,259 shares of ₹10 (agg. up to ₹375 Cr) |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 5,71,48,215 shares |
| BSE Script Code / NSE Symbol | 544470 / MBEL |
| ISIN | INE08N601015 |
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 | Max 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%) |
Investors can bid for a minimum of 38 shares and in multiples thereof.
| 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 |
M&B Engineering IPO raises ₹291.60 crore from anchor investors. M&B Engineering IPO Anchor bid date is July 29, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 29, 2025 |
| Shares Offered | 75,74,026 |
| Anchor Portion (₹ Cr.) | 291.60 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Sep 2, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Nov 1, 2025 |
| 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 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 15.41 | 13.48 |
| P/E (x) | 24.98 | 28.55 |
| Promoter Holding | 100% | 70.45% |
| Market Cap | ₹2,200.00 Cr. |
The M&B Engineering IPO is subscribed 38.11 times on August 1, 2025 5:04:48 PM (Day 3). The public issue subscribed 34.36 times in the retail category, 38.63 times in the QIB category, and 40.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 38.63 | 50,49,351 | 19,50,38,078 |
| NII | 40.22 | 25,24,675 | 10,15,45,918 |
| bNII (bids above ₹10L) | 39.68 | 16,83,117 | 6,67,80,174 |
| sNII (bids below ₹10L) | 41.31 | 8,41,558 | 3,47,65,744 |
| Retail | 34.36 | 16,83,117 | 5,78,26,994 |
| Employee | 8.59 | 57,307 | 4,92,138 |
| Total | 38.11 | 93,13,449 | 35,49,03,128 |
Total Application : 14,22,694
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission) | 17.35 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding/uploading charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.11 |
| 3 | Fees payable to the Registrar to the Offer | 0.37 |
| 4 | Other Expenses - Listing fees, SEBI filing fees, upload fees, Stock Exchanges processing fees, book building software fees and other regulatory expenses, Printing and stationery expenses, Advertising and marketing expenses, Fees payable to legal counsel, Fees payable to the Monitoring Agency and Miscellaneous | 18.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹385.00 | ₹385.00 |
| Open | ₹386.00 | ₹385.00 |
| Low | ₹373.25 | ₹373.50 |
| High | ₹418.85 | ₹418.80 |
| Last Trade | ₹409.15 | ₹408.65 |
Lead Manager Reports
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 Crores. The issue is priced at ₹385 per share. The minimum order quantity is 38.
The IPO opens on Wed, Jul 30, 2025, and closes on Fri, Aug 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 Wed, Jul 30, 2025 and closes on Fri, Aug 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 Tue, Aug 5, 2025. Check the M&B Engineering IPO allotment status.
The M&B Engineering IPO listing date is on Wed, Aug 6, 2025.
