M&B Engineering was incorporated on June 16, 1981. The company is a leading provider of Pre-Engineered Buildings (PEBs) in India, offering turnkey solutions through its Phenix and Proflex divisions. It specializes in project design, engineering, manufacturing, and erection for industrial and infrastructure sectors
| Bidding Dates |
|---|
| 30 Jul 2025 - 01 Aug 2025 |
| Subscription |
|---|
| 36.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,908 | 1 | 13 | 38 | 16.9 M | ₹366 - ₹385 | 70.45 % | ₹6179.2 M - ₹6500.0 M | RHP DOC |
M&B Engineering IPO SUBSCRIPTION STATUS
01 Aug '25M&B Engineering IPO overall subscription rate was 36.2 times the total available shares
M&B Engineering IPO retail subscription rate was 32.55 times in the retail segment
M&B Engineering IPO non-institutional investor subscription rate was 38.24 times in the non-institutional investor category
M&B Engineering IPO Qualified Institutional Bidder subscription rate was 36.72 times the available shares for Qualified Institutional Bidder
M&B Engineering IPO Employees subscription rate was 8.13 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
01 Aug 2025 (Day 3) | 32.55x | 38.24x | 36.72x | 8.13x |
31 Jul 2025 (Day 2) | 9.57x | 4.34x | 0.02x | 3.6x |
30 Jul 2025 (Day 1) | 2.59x | 0.66x | 0x | 2.14x |
M&B Engineering FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 988.6 | 77.0 | 35.6 | -6.5 | 12.8% |
| FY24 | 795.1 | 45.6 | 5.7 | -65.9 | 10.0% |
| FY23 | 880.5 | 32.9 | 29.0 | 11.0 | 7.5% |
M&B Engineering IPO SUBSCRIPTION STATUS DETAILS
M&B Engineering had 16.9 M shares on offer
M&B Engineering IPO offer price was in the range ₹366 - ₹385
M&B Engineering IPO minimum Investment was ₹13908
M&B Engineering IPO issue size was ₹ 6179.2 M - ₹ 6500.0 M
M&B Engineering had a minimum lot size of 38 Shares per application
M&B Engineering NUMBER OF SHARES ON OFFER
M&B Engineering IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2025 |
| Issue close Date | 01 Aug 2025 |
| Allotment Date | 04 Aug 2025 |
| Refund Date | 05 Aug 2025 |
| Demat Account Credit Date | 05 Aug 2025 |
| Listing Date | 06 Aug 2025 |
| Listing on Exchange(s) | NSE and BSE |
| M&B Engineering Allotment Status | Exchange/ Registrar |
M&B Engineering IPO subscription opened on 30 Jul 2025, and closed on 01 Aug 2025
IPO allotment for M&B Engineering was finalized on Monday, 04 Aug 2025
IPO listing for M&B Engineering was on NSE and BSE on Wednesday, 06 Aug 2025
M&B Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 385.0 |
| Listing Open Price | 385.0 |
| Listing Close Price | 409.1 |
| Listing Gain% | 0.0% |
| Current Gain% | -30.3% |
M&B Engineering Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| M & B Engineering Ltd. | 268.5 | 1534.3 | 15.9 | 1.6 | 1.2 | 14.1 | 8 | 1275.4 | 27.9 | 92.6 | 20.2 | 16.9 | 9.7 |
| APL Apollo Tubes Ltd. | 2001.7 | 55578.9 | 45.2 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1855 | 48933.2 | 21.2 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 510.6 | 15558.6 | 30.7 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 39.2 | 15317 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2887.7 | 6547.2 | 22.9 | 2 | 2.4 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
M&B Engineering IPO Reports
M&B Engineering INFORMATION ON IPO ISSUE
About M&B Engineering
M&B Engineering was incorporated on June 16, 1981. The company is a leading provider of Pre-Engineered Buildings (PEBs) in India, offering turnkey solutions through its Phenix and Proflex divisions. It specializes in project design, engineering, manufacturing, and erection for industrial and infrastructure sectors
Object of the Issue
- Funding capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at their manufacturing facilities
- Investment in information technology (“IT”) software upgradation by the company
- Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by the company
- General corporate purposes
M&B Engineering - PROMOTERS
| Name |
|---|
| Girishbhai Manibhai Patel |
| Chirag Hasmukhbhai Patel |
| Malav Girishbhai Patel |
| Birva Chirag Patel |
| Vipinbhai Kantilal Patel |
| Aditya Vipinbhai Patel |
| Leenaben Vipinbhai Patel |
M&B Engineering - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Hemant Ishwarlal Modi | Non-Executive Chairman & Independent Director |
| Chirag Hasmukhbhai Patel | Joint Managing Director |
| Malav Girishbhai Patel | Joint Managing Director |
| Vipinbhai Kantilal Patel | Non-Executive Director |
| Girishbhai Manibhai Patel | Whole-time Director |
| Aditya Vipinbhai Patel | Whole-time Director |
| Birva Chirag Patel | Whole-time Director |
| Sanjay Shaileshbhai Majmudar | Non-Executive & Non-Independent Director |
| Birju Maheshbhai Patel | Independent Director |
| Udayan Dileep Choksi | Independent Director |
| Subir Kumar Das | Independent Director |
| Sonal Vimal Ambani | Independent Director |
M&B Engineering Book Running Lead Manager
Equirus Capital Private Limited
mb@equirus.com
DAM Capital Advisors Limited
mbel.ipo@damcapital.in
M&B Engineering Registrar to the Offer
MUFG Intime India Private Limited
mbengg.ipo@linkintime.co.in
M&B Engineering Strengths
Diversified product portfoliio
The company offers integrated "design-led-manufacturing" solutions, including design, engineering, manufacturing, and testing to ensure reliability and safety. Specializing in pre-engineered metal buildings, structural steel components, and self-supported roofing, it serves both small and large-scale projects through its Phenix and Proflex divisions
Geographical advantage
The company has strategically located manufacturing facilities for PEBs (Pre-Engineered Buildings) with in-house design and engineering capabilities, along with 14 mobile manufacturing units for self-supported roofing systems
Client relationship
The company has executed over 9,400 projects and built long-term relationships with diverse customers across industries. Its ability to meet stringent requirements helps secure repeat and new business
M&B Engineering Risks
Demand risks
The company generates most of its revenue from designing, manufacturing, and installing pre-engineered buildings. A decline in demand for these structures could negatively impact its business and financial performance
Quality risks
Failure to meet high-quality standards and performance requirements could lead to order cancellations, recalls, penalties, or liability claims, negatively impacting the company's reputation, operations, and financial health
Availability & cost of raw material
Rising raw material costs, supply disruptions, or quality issues could impact profitability and operations. Dependence on limited steel suppliers increases the risk of business disruptions
IPO FAQs
This IPO consists of an offer for sale of up to Rs 375.0 crore, of 9,740,259 shares. It also consists of a fresh issue of Rs 275.0 crore.
The promoters of the company are Girishbhai Manibhai Patel, Chirag Hasmukhbhai Patel, Malav Girishbhai Patel, Birva Chirag Patel, Vipinbhai Kantilal Patel, Aditya Vipinbhai Patel and Leenaben Vipinbhai Patel.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 366.0 - 385.0.
The IPO application opens on Jul 30, 2025 and closes on Aug 01, 2025.
The minimum lot size for the IPO is 38. The maximum lot size for the IPO is 494.
For all category investors, the minimum application amount for this IPO is Rs. 13,908.0, the maximum value for this IPO is Rs 190,190.0.
This IPO will be allotted on Aug 04, 2025.
The refund will be credited to your account on Aug 05, 2025.
The allotted shares will be credited to your demat on Aug 05, 2025.
M&B Engineering Ltd.’s shares listed on the stock exchanges on Aug 06, 2025.