M&B Engineering IPO – Key Details and Investment Highlights
The M&B Engineering IPO will open for subscription on July 30, 2025, and close on August 1, 2025. It is a Book Built Issue, with the company aiming to raise around ₹650 crores. The IPO includes a fresh issue of ₹275 crores and an offer for sale (OFS) of up to 97,40,259 equity shares, each with a face value of ₹10.
The price band for the IPO is set between ₹366 to ₹385 per share. The retail investor quota is 10%, Qualified Institutional Buyers (QIBs) have 75%, and High Net-worth Individuals (HNIs) have 15% of the reservation.
The IPO is expected to be listed on both BSE and NSE on August 6, 2025, while the basis of allotment is likely to be finalized on August 4, 2025.
Financial Highlights
M&B Engineering reported strong financial growth:
Revenue for FY 2025 stood at ₹996.89 crores, up from ₹808.26 crores in FY 2024.
Net profit for FY 2025 increased to ₹77.05 crores, compared to ₹45.63 crores in FY 2024.
M&B Engineering IPO Objectives:
The net proceeds from the IPO will be used for the following purposes:
- Capital Expenditure:
To fund the purchase of equipment and machinery, construction work, installation of a solar rooftop grid, and procurement of transport vehicles for the company’s manufacturing facilities. - IT Infrastructure Upgrade:
To invest in upgrading and enhancing the company’s IT software systems. - Debt Repayment:
To repay or prepay, either fully or partially, the company’s existing term loans. - General Corporate Purposes:
To meet other business needs and support day-to-day operations.
M&B Engineering IPO Review (Apply or Not)
- May apply
M&B Engineering IPO Date & Price Band Details:
| IPO Open Date: | July 30, 2025 |
| IPO Close Date: | August 1, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹366 to ₹385 Per Share |
| Issue Size: | Approx ₹650 Crores |
| Fresh Issue: | Approx ₹275 Crores |
| Offer for Sale: | Approx 97,40,259 Equity Shares |
| Lot Size: | 38 Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
M&B Engineering IPO Lot Size:
The minimum lot size for the M&B Engineering IPO is 38 shares, requiring an investment of ₹14,630 per lot.
Retail investors can apply for up to 13 lots, which equals 494 shares, with a maximum investment of ₹1,90,190.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 38 | ₹14,630 |
| Retail Maximum | 13 | 494 | ₹1,90,190 |
| S-HNI Minimum | 14 | 532 | ₹2,04,820 |
| B-HNI Minimum | 69 | 2,622 | ₹10,09,470 |
M&B Engineering IPO Allotment & Listing Date (Details)
The M&B Engineering IPO will open on July 30, 2025, and close on August 1, 2025.
The basis of allotment is expected to be finalized on August 4, 2025, and the IPO is likely to be listed on the stock exchanges (BSE & NSE) on August 6, 2025.
| IPO Open Date: | July 30, 2025 |
| IPO Close Date: | August 1, 2025 |
| Basis of Allotment: | August 4, 2025 |
| Refunds: | August 5, 2025 |
| Credit to Demat Account: | August 5, 2025 |
| IPO Listing Date: | August 6, 2025 |
M&B Engineering IPO GMP Today:
The latest Grey Market Premium (GMP) for the M&B Engineering IPO is ₹32, Based on the IPO price band cap of ₹385, the estimated listing price is ₹417 (₹385 + ₹32). This suggests a potential listing gain of approximately 8.31% per share.
Promoters of M&B Engineering Limited
The promoters of M&B Engineering Limited include:
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
About M&B Engineering Limited
Established in 1981, M&B Engineering Limited is a leading provider of Pre-Engineered Buildings (PEBs) and Self-Supported Steel Roofing Solutions across India. The company is engaged in the design, engineering, manufacturing, and installation of advanced steel structures.
M&B Engineering delivers design-driven manufacturing services, including estimation, structural design, production, and testing, to ensure safe, durable, and high-performance buildings.
The company caters to a wide range of sectors such as:
- General Engineering
- Manufacturing
- Food & Beverages
- Warehousing & Logistics
- Power
- Textiles
- Railways
With strong execution capabilities, the company operates under its well-known divisions Phenix and Proflex, and has successfully completed over 9,500 projects as of March 2025.
M&B Engineering IPO – Financial Performance
M&B Engineering Limited has shown strong financial growth in recent years:
- Revenue increased to ₹996.89 crores in FY 2025, compared to ₹808.26 crores in FY 2024.
- Net profit rose to ₹77.05 crores in FY 2025, up from ₹45.63 crores in FY 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹698.92 | ₹675.94 | ₹16.31 | ₹547.11 |
| 2023 | ₹889.00 | ₹843.52 | ₹32.89 | ₹558.79 |
| 2024 | ₹808.26 | ₹747.38 | ₹45.63 | ₹633.11 |
| 2025 | ₹996.89 | ₹894.65 | ₹77.05 | ₹849.21 |
M&B Engineering IPO Valuation – FY2025
Here are the key valuation metrics for M&B Engineering Limited based on FY2025 financials:
| KPI | Values |
| ROE: | 25.13% |
| ROCE: | 24.80% |
| EBITDA Margin: | 12.78% |
| PAT Margin: | 7.73% |
| Debt to equity ratio: | 0.33 |
| Earning Per Share (EPS): | ₹15.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 25.14% |
| Net Asset Value (NAV): | ₹61.31 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Pennar Industries Limited | 8.84 | 25.23 | 11.96% | 73.99 | 3226.58 Cr. |
| Bansal Roofing Products Limited | 4.20 | 28.39 | 16.71% | 25.13 | 96.63 Cr. |
| BirlaNU Limited | (43.63) | NA | (2.72)% | 1,606.51 | 3615.23 Cr. |
| Everest Industries Limited | (2.28) | NA | (0.60)% | 377.13 | 1722.82 Cr. |
| Interarch Building Products Limited | 68.51 | 33.69 | 14.35% | 451.56 | 1453.83 Cr. |
M&B Engineering IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: mbengg.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Equirus Capital Private Limited
- Dam Capital Advisors Ltd
Company Address
M&B Engineering Ltd.
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/
M&B Engineering IPO – Frequently Asked Questions (FAQs)
1. What is the M&B Engineering IPO opening and closing date?
The M&B Engineering IPO will open on July 30, 2025, and close on August 1, 2025.
2. What is the price band for M&B Engineering IPO?
The IPO price band is set at ₹366 to ₹385 per share.
3. What is the lot size and minimum investment for retail investors?
Retail investors can apply for a minimum of 1 lot (38 shares), which amounts to ₹14,630. The maximum investment allowed is 13 lots (494 shares), totaling ₹1,90,190.
4. How much is M&B Engineering IPO expected to raise?
The company plans to raise approximately ₹650 crores through this IPO.
5. What is the allocation ratio for different investor categories?
- Qualified Institutional Buyers (QIBs): 75%
- Non-Institutional Investors (HNIs): 15%
- Retail Investors: 10%
6. What is the listing date for M&B Engineering IPO?
The shares are expected to be listed on BSE and NSE on August 6, 2025.
7. When will the basis of allotment be finalized?
The allotment is likely to be finalized on August 4, 2025.
8. What are the main objectives of the IPO?
The proceeds will be used for:
- Capital expenditure (machinery, solar grid, transport, etc.)
- IT software upgrades
- Loan repayment
- General corporate purposes
9. Who are the promoters of M&B Engineering?
The company is promoted by Girishbhai Manibhai Patel, Chirag Hasmukhbhai Patel, and other members and trusts of the Patel family.
10. Is M&B Engineering a good IPO to invest in?
With strong financial growth, a healthy profit margin, and over 9,500 completed projects, the IPO looks promising for long-term investors. However, investors should evaluate their risk appetite and consult a financial advisor before applying.
