M&B Engineering IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Industrial Equipments
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,…
Open Date
Wed, 30 Jul 2025
Close Date
Fri, 01 Aug 2025
Price Band
₹ 366 – 385
Lot Size
38
Issue Size
₹ 650.00 Cr
Minimum Investment
₹ 14,630 (38 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
M&B Engineering IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹650.00 Crore, comprising a fresh issue of 71.48 Lakh equity shares aggregating to ₹275.00 Crore and an offer for sale (OFS) of 97.40 Lakh equity shares aggregating to ₹375.00 Crore by the existing shareholders.
The M&B Engineering IPO remained open for subscription from July 30, 2025, to August 01, 2025. The basis of allotment was finalized on August 04, 2025, and the company's shares were listed on the NSE and BSE on August 06, 2025.
The company had fixed the price band at ₹366 to ₹385 per share, with a lot size of 38 shares. Retail investors were required to make a minimum investment of ₹14,630 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Equirus Capital Private Limited, and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, M&B Engineering Ltd is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
M&B Engineering IPO Timeline (Tentative)
- IPO Open Date
- Wed, 30 Jul 25
- IPO Close Date
- Fri, 01 Aug 25
- Basis of Allotment
- Mon, 04 Aug 25
- Initiation of Refunds
- Tue, 05 Aug 25
- Credit of Shares to Demat
- Tue, 05 Aug 25
- Listing Date
- Wed, 06 Aug 25 — NSE & BSE
Open Date
30 July 2025
Close Date
01 August 2025
Basis Of Allotment
04 August 2025
Listing Date
06 August 2025
IPO Subscription
Check Live Subscription →The M&B Engineering IPO has received bids for 35,47,18,980 shares against 97,98,309 shares offered, resulting in an overall subscription of 36.2x. the NII category is subscribed 38.24x, Retail Investors 32.55x, Employees 8.13x, and QIBs 36.72x. Within the NII category, BNII is subscribed 37.72x, while SNII is subscribed 39.29x.
QIB
36.72x
NII
38.24x
BNII
37.72x
SNII
39.29x
RII
32.55x
EMP
8.13x
Total
36.2x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,70,491 shares, representing 18.07% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 53,11,475 shares (54.21%), while Non-Institutional Investors (NIIs) receive 26,55,737 shares (27.1%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 5,311,475 | 54.21% |
| Non-Institutional | 2,655,737 | 27.1% |
| BNII | 1,770,492 | 18.07% |
| SNII | 885,245 | 9.03% |
| Retail Investors | 1,770,491 | 18.07% |
| Employees | 60,606 | 0.62% |
| Total | 9,798,309 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
M&B Engineering Ltd KPI Information
| Particular | Mar-25 |
|---|---|
| ROE % | 25.13 |
| ROCE % | 24.8 |
| Debt / Equity | 0.33 |
| RoNW % | 25.14 |
| Pat Margin % | 7.73 |
Peers Comparison
No Peer Comparision Available
About M&B Engineering Ltd
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.
M&B Engineering IPO 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%
M&B Engineering IPO Objective
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
M&B Engineering Ltd Address / Contact Details
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
M&B Engineering IPO Lot Size
The M&B Engineering IPO has a lot size of 38 shares. Retail investors require a minimum investment of ₹14,630 by applying for 1 lot (38 shares). The maximum application allowed for the retail category is 13 lots (494 shares), requiring an investment of ₹1,90,190.
| 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 |
Issue Reservation
- QIB — 54.21%
- NII — 27.1%
- RII — 18.07%
- EMP — 0.62%
Book Running Lead Managers
- Equirus Capital Private Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the M&B Engineering IPO?
M&B Engineering IPO is a Book-building IPO with a total issue size of ₹650 crore. The M&B Engineering IPO price band is ₹366 to 385 per share. The M&B Engineering IPO subscription opens on Wed, Jul 30, 2025, and closes on Fri, Aug 1, 2025. The M&B Engineering IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the M&B Engineering IPO.
When will the M&B Engineering IPO open for subscription?
The M&B Engineering IPO opens on Wed, Jul 30, 2025 and closes on Fri, Aug 1, 2025
What is M&B Engineering IPO Price Band?
M&B Engineering IPO Price Band is ₹366 to 385 per share.
What is M&B Engineering IPO Lot Size?
M&B Engineering IPO lot size is 38 shares, Retail investors need a minimum investment of ₹14630 based on the upper price band
What is the minimum investment for M&B Engineering IPO?
The minimum investment for M&B Engineering IPO is ₹14630, based on one lot of 38 shares at the upper price band of ₹385 per share.
How to apply for M&B Engineering IPO?
Investors can apply for the M&B Engineering IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 1, 2025. The application amount remains blocked until the M&B Engineering IPO allotment is finalized.
What is M&B Engineering IPO Issue Size?
M&B Engineering IPO issue size is ₹650 crores.
What is the M&B Engineering IPO Allotment Date?
M&B Engineering IPO allotment date is Mon, Aug 4, 2025.
Who is the M&B Engineering IPO Registrar?
The registrar for M&B Engineering IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check M&B Engineering IPO allotment status, refund processing, and other IPO-related information.
What is the M&B Engineering IPO GMP?
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 14.29% over the issue price.
Who is the M&B Engineering IPO Lead Manager?
The book-running lead managers (BRLMs) for the M&B Engineering IPO are Equirus Capital Private Limited, and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd). The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the M&B Engineering IPO Red Herring Prospectus (RHP).