The M&B Engineering IPO is a book building process valued at ₹650.00 crores. This issue consists of a fresh issue of 0.71 crore shares totaling ₹275.00 crores, along with an offer for sale of 0.97 crore shares amounting to ₹375.00 crores.
The M&B Engineering IPO will open for subscription on July 30, 2025, and will close on August 1, 2025. The allotment for this IPO is anticipated to be finalized on Monday, August 4, 2025. It is expected that the M&B Engineering IPO will be listed on BSE and NSE, with a tentative listing date set for Wednesday, August 6, 2025.
The price band for the M&B Engineering IPO is established between ₹366 and ₹385 per share. The application lot size is 38 shares. Retail investors need to invest a minimum of ₹13,908 for 38 shares. For sNII, the lot size is 14 lots (532 shares), which totals ₹2,04,820, while for bNII, it is 69 lots (2,622 shares), amounting to ₹10,09,470.
Equirus Capital Private Limited serves as the book-running lead manager for the M&B Engineering IPO, and MUFG Intime India Private Limited (Link Intime) acts as the registrar for this issue.
For more detailed information, please refer to the M&B Engineering IPO RHP.
M&B Engineering IPO Details
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹366 to ₹385 per share |
| Lot Size | 38 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,68,83,116 shares (aggregating up to ₹650.00 Cr) |
| Fresh Issue | 71,42,857 shares (aggregating up to ₹275.00 Cr) |
| Offer for Sale | 97,40,259 shares of ₹10 (aggregating up to ₹375.00 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 | 5,71,42,857 shares |
M&B Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Investor Category Reservations
| 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 Timeline (Tentative Schedule)
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 August 1, 2025 |
M&B Engineering IPO Lot Size
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 |
M&B Engineering IPO Promoter Holding
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 and Aditya V Patel Family Trust are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
About M&B Engineering Ltd.
Founded in 1981, M&B Engineering Limited specializes in Pre-Engineered Buildings and Self-Supported Roofing solutions. They manufacture and install self-supported steel roofing solutions throughout India.
The company provides design-oriented manufacturing solutions, encompassing design, engineering, production, and testing to guarantee reliable, safe, and high-performance structures, with a focus on pre-engineered buildings, structural steel, and steel roofing.
The company has delivered solutions to clients across a range of sectors, such as general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways.
Operating two manufacturing plants in Sanand, Gujarat, and Cheyyar, Tamil Nadu, the company boasts a total PEB capacity of 103,800 MTPA. Sanand commenced operations in 2008, while Cheyyar began in 2024.
Since Fiscal 2010, the company has been exporting PEBs and structural steel components to 22 countries, including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles.
Services:
Phenix Division: The Phenix Division of the company provides comprehensive manufacturing solutions, which include design, engineering, and production of PEBs, utilizing advanced software and equipment to ensure efficiency, quality, and cost-effectiveness in customer projects.
Proflex Division: The Proflex Division manufactures and installs self-supported steel roofing using mobile units at customer locations, producing panels, seaming them, and installing with cranes after the civil structure is completed.
The company has successfully completed over 9,500 projects by Fiscal 2025 under the Phenix and Proflex divisions.
Products:
Phenix Division: The company produces PEBs, which include primary structural components (frames, columns), secondary components (purlins, girts), cladding materials (pre-painted galvalume, PPGL), and standing seam roofs with various coatings.
Proflex Division: Roofs with Reinforced Cement Concrete (RCC) Structure, Roofs with Steel Structure, and L Section Roofs.
Company Financials
M&B Engineering Ltd. Financial Information (Restated Consolidated)
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 |
| Revenue | 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 | |||
Key Performance Indicator (KPI)
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 |