M&B Engineering IPO
IPO Listing Details
- Listing Date
06 Aug 2025
- Listing Price
₹386.00
- Listing Change
0.26%
- Last Traded Price
₹369.00
M&B Engineering IPO Details
-
Open Date
30 Jul 2025
-
Close Date
01 Aug 2025
-
Listing Date
06 Aug 2025
- IPO Price Range
₹ 366 to ₹385
- IPO Size
₹ 650 Cr
- Listing Exchange
BSE NSE
M&B Engineering IPO Timeline
M&B Engineering IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Jul-25 | 0.00 | 0.70 | 2.77 | 0.70 |
| 31-Jul-25 | 0.02 | 4.56 | 10.16 | 3.11 |
| 01-Aug-25 | 38.63 | 40.22 | 34.36 | 38.11 |
Last Updated: 29 September 2025 3:01 PM by 5paisa
M&B Engineering Limited is set to launch its ₹650 crore IPO. Known for pre-engineered buildings (PEBs) and self-supported roofing, the company offers end-to-end solutions, from design and engineering to manufacturing and testing. With two facilities in Gujarat and Tamil Nadu, it delivers high-performance steel structures across sectors like logistics, textiles, and railways, and exports to 22 countries. Its Phenix and Proflex divisions have executed over 9,500 projects till FY25.
Established in: 1981
Managing Director: Mr. Chirag Hasmukbhai Patel & Mr. Malav Girishbhai Patel
Peers
Pennar Industries Limited
Bansal Roofing Products Limited
BirlaNU Limited
Everest Industries Limited
Interarch Building Products Limited
M&B Engineering Objectives
1. Capital expenditure for equipment, machinery, building works, solar rooftop grid, and transport vehicles at manufacturing facilities.
2. IT software upgradation.
3. Repayment or prepayment of certain term loans.
4. General corporate purposes.
M&B Engineering IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹650.00 Cr |
| Fresh Issue | ₹375.00 Cr |
| Offer for Sale | ₹275.00 Cr |
M&B Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | 13,908 |
| Retail (Max) | 13 | 494 | 180,804 |
| S-HNI (Min) | 14 | 532 | 194,712 |
| S-HNI (Max) | 68 | 2,584 | 945,744 |
| B-HNI (Min) | 67 | 2,622 | 959,652 |
M&B Engineering IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 38.63 | 50,49,351 | 19,50,38,078 | 7,508.97 |
| NII (HNI) | 40.22 | 25,24,675 | 10,15,45,918 | 3,909.52 |
| bNII (bids above ₹10L) | 39.68 | 16,83,117 | 6,67,80,174 | 2,571.04 |
| sNII (bids below ₹10L) | 41.31 | 8,41,558 | 3,47,65,744 | 1,338.48 |
| Retail | 34.36 | 16,83,117 | 5,78,26,994 | 2,226.34 |
| Total** | 38.11 | 93,13,449 | 35,49,03,128 | 13,663.77 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
M&B Engineering IPO Anchor Allocation
| Anchor Bid Date | July 29, 2025 |
| Shares Offered | 75,74,026 |
| Anchor portion Size (In ₹ Cr.) | 291.60 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 3, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 2, 2025 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 889.00 | 808.26 | 996.89 |
| EBITDA | 66.43 | 79.62 | 126.38 |
| PAT | 32.89 | 45.63 | 77.05 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 558.79 | 633.11 | 849.21 |
| Share Capital | 20.00 | 50.00 | 50.00 |
| Total Borrowings | 148.75 | 204.84 | 186.13 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 28.97 | 5.66 | 35.59 |
| Net Cash Generated From / (used in) investing activities | -11.94 | -62.28 | -34.06 |
| Net Cash Generated From / (used in) financing activities | 29.74 | 31.86 | -45.34 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 46.76 | -24.76 | -43.81 |
Strengths
1. Rising demand for PEBs due to faster, labour-light construction.
2. Modern equipment enhances manufacturing speed and structural quality.
3. Export footprint spans 22 countries, signalling global market access.
4. Government schemes support steel availability and construction innovation.
Weaknesses
1. Steel structures may retain heat and reduce fire resistance.
2. Corrosion risk if steel is poorly maintained over time.
3. Price pressure due to fragmented and undifferentiated market.
4. Dependence on limited high-grade steel suppliers impacts continuity.
Opportunities
1. PEB penetration in construction remains low, offering high growth scope.
2. Eco-conscious builders favour steel over traditional RCC.
3. Infrastructure growth is driving higher demand for PEB solutions.
4. Urbanisation is boosting need for modular, fast-build structures.
Threats
1. Traditional RCC dominates market with over 90% share.
2. Awareness gaps limit PEB adoption across regions.
3. Shortage of skilled fabricators can slow project execution.
4. Volatile steel prices driven by global uncertainties.
1. Strong revenue and PAT growth from FY23 to FY25 reflects robust financial performance.
2. ₹275 Cr fresh issue to fund expansion, debt reduction, and tech upgrades.
3. Industry tailwinds from growing PEB adoption and infrastructure push.
4. Over 9,500 projects executed signals operational scale and proven execution capability.
1. PEB share in buildings is just 0–1%, indicating untapped market potential.
2. Shift from RCC to PEB is rising due to speed, efficiency, and sustainability.
3. Corporates prefer green buildings, boosting demand for recyclable steel-based PEBs
4. India’s PEB market was USD 2.01 billion in 2024, projected to reach USD 6.33 billion by 2033.
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FAQs
M&B Engineering IPO opens from July 30, 2025 to August 1, 2025.
The size of M&B Engineering IPO is ₹650.00 Cr.
The price band of M&B Engineering IPO is ₹366 to ₹385 per share.
To apply for M&B Engineering IPO, follow the steps given below:
- Login to your 5paisa account and select the issue in the current IPO section.
- Enter the number of lots and the price at which you wish to apply for the M&B Engineering IPO.
- Enter your UPI ID and click on submit. You will receive a mandate notification to block funds in your UPI app.
- On approving the mandate, your bid will be placed with the exchange.
The minimum lot size of M&B Engineering IPO is 1 lot of 38 shares and the investment required is ₹13,908.
The share allotment date of M&B Engineering IPO is August 4, 2025
The M&B Engineering IPO will likely be listed on August 6, 2025.
Equirus Capital Private Limited is the book running lead manager for M&B Engineering IPO.
- Capital expenditure for equipment, machinery, building works, solar rooftop grid, and transport vehicles at manufacturing facilities.
- IT software upgradation.
- Repayment or prepayment of certain term loans.
- General corporate purposes.
M&B Engineering Contact Details
MB House, 51, Chandrodaya Society,
Opp. Golden Triangle, Stadium
Post Navjivan,
Ahmedabad, Gujarat, 380014
Phone: +91 79- 264637
Email: compliance@mbel.in
Website: https://www.mbel.in/
M&B Engineering IPO Register
MUFG Intime India Private Limited (Link Intime)
M&B Engineering IPO Lead Manager
Equirus Capital Private Limited
Dam Capital Advisors Ltd
