M&B Engineering Limited IPO

M&B Engineering Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹366 - ₹385

Total Issue

₹650.00 Cr

Bid Dates

30 Jul - 01 Aug

Subscription

36.20x

Est. GMP

₹47 (12.21%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

M&B Engineering Limited is one of India’s leading players in Pre-Engineered Buildings (PEBs), with an installed capacity of 103,800 MTPA for PEB structures and 1.8 million sq. m. annually for self-supported roofing, as of March 31, 2025 (Source: CRISIL Report). It offers turnkey solutions including design, engineering, manufacturing, and erection across industrial and infrastructure sectors. With over 9,500 projects executed under its Phenix and Proflex divisions, the company serves clients across diverse industries such as manufacturing, food and beverages, logistics, power, textiles, and railways.

Lot Info

Lot Information for M&B Engineering IPO
Category 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

Category Reservation

QIB 75%
NII 15%
Ret 10%
Employee
Rs. 2 Cr
Shareholder
₹0.00

Issue Size

Total ₹650.00 Cr
Fresh Issue
₹275.00 Cr (0.71 Cr Shares)
Offer For Sale
₹375.00 Cr (0.97 Cr Shares)

Objects of Issue

  1. Funding the capital expenditure requirements
  2. Investment in information technology software upgradation by our Company
  3. Re-payment of term loans, in full or in part, of certain borrowings availed by our Company
  4. General corporate purposes

Grey Market Premium

GMP ₹47
Est. Price ₹432
Est. Gain 12.21%

M&B Engineering IPO Peer Comparison

(Rs. in crores)

M&B Engineering IPO Peer Comparison Table
Particulars M & B Engineering Pennar Industries Bansal Roofing Products BirlaNU Everest Industries Interarch Building Products
Revenue from Ops (in Crs.) 988.55 3,226.58 96.63 3,615.23 1,722.82 1,453.83
PAT (In Crs.) 77.05 119.45 5.54 -32.90 -3.60 107.83
EPS - Basic 15.41 8.84 4.20 -43.63 -2.28 68.51
NAV per share 61.31 73.99 25.13 1,606.51 377.13 451.56
RONW 25.14% 11.96% 16.71% -2.72% -0.60% 14.35%
EBITDA 12.78% 9.63% 9.50% 1.62% 1.74% 9.37%
PAT Margin 7.73% 3.66% 5.72% -0.90% -0.21% 7.31%
Price to earning (PE) 24.98 25.23 28.39 NA NA 33.69
Net Debt to Equity 0.33 0.59 0.14 0.52 0.26 -0.24
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 07, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for M&B Engineering IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 988.55 795.06 880.47
Profit after Tax 77.05 45.63 32.89
Net Worth 306.53 233.03 180.51
Total Borrowing 186.13 204.84 148.75
Total Assets 849.21 633.11 558.79
NAV per share (in ₹) 61.31 46.61 36.10
EPS - Basic (in ₹) 15.41 9.17 6.82

KPIs

EBITDA

12.78%

PAT

7.73%

ROE

25.13%

ROCE

24.80%

Net Debt to Equity

0.33

PE Ratio

24.98

PB Ratio

6.28

Mkt Cap (in Crs.)

2,200.00

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

100.00%

Public

0.00%

Girishbhai Patel 38.98%
Chirag Patel 34.99%
Birva Patel 10.00%
Other Promoter 16.03%

Management

Chirag Patel Joint MD
Malav Patel Joint MD
Keyur Shah CFO
Mayur Patel CEO (Proflex)
Pankaj Naresh CEO (Phenix)

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on 01-Aug-2025 19:00:00

Mainboard Subscription Status for M&B Engineering IPO
Category Sub (x) Offered Bids
QIB 38.63 50,49,351 19,50,38,078
NII 40.23 25,24,675 10,15,62,106
bHNI 39.68 16,83,117 6,67,80,174
sHNI 41.33 8,41,558 3,47,81,932
Retail 34.24 16,83,117 5,76,25,860
Employee 8.60 57,307 4,92,936
Total 38.08 93,14,450 35,47,18,980

Frequently Asked Questions

What is M&B Engineering IPO?
M&B Engineering IPO is a Mainboard IPO having an issue size of ₹650.00 Crs. M&B Engineering IPO is priced at ₹366 - ₹385 per share. The issue opens on 30 Jul 25 and closes on 01 Aug 25.
When will M&B Engineering IPO open?
M&B Engineering IPO opens on 30 Jul 25 and closes on 01 Aug 25.
What is the GMP of M&B Engineering IPO?
The estimated Grey Market Premium of M&B Engineering IPO is ₹47 per share (12.21%).
What is the lot size of M&B Engineering IPO?
The minimum lot size of M&B Engineering IPO is 38 shares & the minimum application amount is Rs. 14630.
When is the allotment of M&B Engineering IPO?
The allotment date of M&B Engineering IPO is 04 Aug 25.
What is the listing date of M&B Engineering IPO?
The listing date of M&B Engineering IPO is 06 Aug 25.
What is the subscription of M&B Engineering IPO?
M&B Engineering IPO is subscribed 36.20 times.
What is the price band of M&B Engineering IPO?
M&B Engineering IPO is priced at ₹366 - ₹385 per share.
How to check allotment status of M&B Engineering IPO?
Click the allotment link on M&B Engineering IPO page of IPO360.
How to apply M&B Engineering IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply M&B Engineering IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply M&B Engineering IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select M&B Engineering IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date