M&B Engineering IPO
Open MainLineCurrent GMP
₹55 (+14.29%)
Price Band
₹ 366 – 385
Lot Size
38
Issue Size
₹650 Cr
Minimum Investment
₹14630 (38 Shares)
Listing Date
06 August 2025
Subscription
36.2x
About the Company
Incorporated in 1981, M&B Engineering Limited is a prominent Indian company specializing in Pre-Engineered Buildings (PEBs) and self-supported steel roofing solutions. With a strong focus on design-led manufacturing, the company provides end-to-end services including design, engineering, manufacturing, testing, and installation, ensuring high-performance and structurally reliable solutions.
Divisional Structure
Phenix Division
- Offers integrated PEB solutions, including the design and production of primary (frames, columns) and secondary (purlins, girts) structural components.
- Manufactures claddings, including pre-painted galvalume (PPGL) and standing seam roofing systems.
- Uses advanced design software and modern manufacturing techniques for efficiency, precision, and cost-effectiveness.
- Has delivered over 1,575 projects across 22 countries, supplying more than 610,000 MT of PEBs and structural steel since inception.
Proflex Division
- Specializes in self-supported steel roofing systems using mobile manufacturing units at client locations.
- Solutions include:
- RCC roof structures
- Steel roof structures
- L-section roof systems
- Completed over 7,825 roofing projects, installing more than 18 million square metres of roofing across India.
- Holds a dominant 75% market share in India’s self-supported roofing segment.
Manufacturing Infrastructure
- Sanand, Gujarat (since 2008)
- Cheyyar, Tamil Nadu (operational since 2024)
- Combined PEB manufacturing capacity: 103,800 MTPA
- Self-supported roofing capacity: 1.8 million square metres per annum
- Operates 14 mobile roofing units for on-site manufacturing and installation
Global & Domestic Reach
- Exported to 22 countries including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles since FY 2010
- Served over 2,000 customer groups, including marquee clients such as:
- Adani Group
- Tata Advanced Systems
- Intas Pharmaceuticals
- Haldiram Foods
- Repeat business remains a significant contributor to revenue
Product Range
Phenix Division
- Primary Structures: Columns, rafters, rigid frames
- Secondary Structures: Purlins, girts
- Roofing & Cladding: Pre-painted galvalume (PPGL), standing seam roofs, coated sheet systems
Proflex Division
- Roofing systems for:
- RCC structures
- Steel structures
- L-section configurations
Competitive Strengths
- Market Leadership: Among the top domestic PEB manufacturers and the leading provider of self-supported roofing in India
- AISC Certification: Only Indian PEB manufacturer certified by the American Institute of Steel Construction
- Robust Order Book: Valued at INR 8,428.38 million as of June 30, 2025
- Strategic Manufacturing Locations: Backed by full-fledged in-house design and engineering teams
- Comprehensive Solutions: Ability to serve multiple industries, including general engineering, manufacturing, F&B, logistics, textiles, power, and railways
Conclusion
M&B Engineering Limited stands as a trusted and innovative leader in India’s industrial construction landscape, offering comprehensive structural and roofing solutions through its Phenix and Proflex divisions. With a global footprint, cutting-edge technology, and a strong client base, the company continues to expand its presence and redefine standards in the PEB and roofing sectors.
Let me know if you'd like a condensed version for a brochure or an executive summary.
Promoters
- Girishbhai Manibhai Patel
- Chirag Hasmukhbhai Patel
- Malav Girishbhai Patel
- Birva Chirag Patel
- Vipinbhai Kantilal Patel
- Aditya Vipinbhai Patel
- Leenaben Vipinbhai Patel
- Chirag H Patel Family Trust
- Vipin K Patel Family trust
- MGM5 Family Trust
- MGM11 Family Trust
- Aditya V Patel Family Trust
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The Company M&B Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at our Manufacturing Facilities
- Investment in IT software upgradation by our Company
- Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by our Company
- General corporate purposes
Address / Contact Info
M&B Engineering Limited
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 30 July 2025
IPO Close Date
Friday, 01 August 2025
Basis of Allotment
Monday, 04 August 2025
Initiation of Refunds
Tuesday, 05 August 2025
Credit of Shares to Demat
Tuesday, 05 August 2025
Listing Date
Wednesday, 06 August 2025 — NSE & BSE
Important Dates
Open Date
30 July 2025
Close Date
01 August 2025
Basis Of Allotment
04 August 2025
Listing Date
06 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 849.21 | 633.11 | 558.79 | 547.11 |
| Revenue | 996.89 | 808.26 | 889 | 698.92 |
| Profit After Tax | 77.05 | 45.63 | 32.89 | 16.31 |
| Net Worth | 306.53 | 233.03 | 180.51 | 145.1 |
| Reserve & Surplus | 256.53 | 183.03 | 160.51 | 125.1 |
| Total Borrowings | 186.13 | 204.84 | 148.75 | 99.58 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 |
|---|---|
| ROE % | 25.13 |
| ROCE % | 24.8 |
| Debt / Equity | 0.33 |
| RoNW % | 25.14 |
| PbW | 0 |
| Pat Margin % | 7.73 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 5311475 | 54.21 | 0 |
| Non-Institutional | 2655737 | 27.1 | 0 |
| BNII | 1770492 | 18.07 | 0 |
| SNII | 885245 | 9.03 | 0 |
| Retail Investors | 1770491 | 18.07 | 0 |
| Employees | 60606 | 0.62 | 0 |
| Total | 9798309 | 100 | 0 |
Subscription Status ( Fri, 01 Aug 25 01:59 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 5311475 | 195038078 | 36.72x |
| Non-Institutional | 2655737 | 101562106 | 38.24x |
| BNII | 1770492 | 66780174 | 37.72x |
| SNII | 885245 | 34781932 | 39.29x |
| Retail Investors | 1770491 | 57625860 | 32.55x |
| Employees | 60606 | 492936 | 8.13x |
| Total | 9798309 | 354718980 | 36.2x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 38 | 14,630.00 |
| Retail (Max) | 13 | 494 | 190,190.00 |
| S-HNI (Min) | 14 | 532 | 204,820.00 |
| S-HNI (Max) | 68 | 2,584 | 994,840.00 |
| B-HNI (Min) | 69 | 2,622 | 1,009,470.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Equirus Capital Private Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
M&B Engineering IPO is a Book-building IPO worth ₹650 crores. The price band is ₹366 to 385 per share. The IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The M&B Engineering IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025
M&B Engineering IPO Price Band is ₹366 to 385.
M&B Engineering IPO lot size is 38, and the minimum amount required for application is ₹14630.
The minimum investment for M&B Engineering IPO is approximately ₹14630 based on the upper price band.
To apply for the M&B Engineering IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Aug 1, 2025. After submission, funds are blocked until the basis of allotment of M&B Engineering IPO is finalised.
M&B Engineering IPO issue size is ₹650 crores.
M&B Engineering IPO allotment date is Sat, Jun 27, 2026.
The registrar for M&B Engineering IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to M&B Engineering IPO through their official website or helpline.
The M&B Engineering IPO GMP (Grey Market Premium) is ₹55 as of Wed, Aug 6, 2025. Based on the upper price band of ₹385 per share, the estimated M&B Engineering IPO listing price is ₹440, indicating a potential listing gain of approximately 31% over the issue price.