by Suman Gupta/MNE
MUMBAI, 25 JULY, 2025 : Gujarat-based M&B Engineering Limited, a leading supplier of pre-engineered buildings (PEB) and self-supported steel roofing solutions (SSSRS), Rs 650-crore initial public offering (IPO) will open for subscription on July 30th 2025. The Anchor book opening will be held one day prior on 29 July 2025.
M&B Engineering Limited IPO price band is fixed at Rs. 366 to Rs. 385 per Equity share Allotment of shares is scheduled for August 4, with equity shares expected to be credited and refunds processed by August 5. The company will debut on the stock exchanges on August 6.
The IPO comprises a fresh issue of equity shares aggregating Rs 275 crore and an offer-for-sale worth Rs 375 crore by the company’s promoters. At the upper-end of the price band, the Gujarat-based company’s market capitalisation is estimated at Rs 2,200 crore.
The floor price is and the cap price are 36.60 times and 38.50 times the face value of the equity shares, respectively. The M&B Engineering IPO lot size is 38 equity shares and in multiples of 38 equity shares thereafter.
Proceeds from the fresh issue will be utilised for capital expenditure, including Rs 130.6 crore earmarked for the purchase of equipment and machinery, building construction, installation of a solar rooftop grid, and procurement of transport vehicles. An additional Rs 5.2 crore will go towards upgrading information technology systems, while Rs 58.8 crore will be used to repay existing debt. As of May 2025, M&B Engineering’s total outstanding borrowings stood at Rs 186.1 crore.
M&B Engineering reported a net profit of Rs 77 crore for the year ended March 2025, marking a 68.8 percent growth over the previous year. Revenue during the same period rose by 24.3 percent to Rs 988.6 crore. M&B Engineering competes with established industry players such as Pennar Industries, Bansal Roofing Products, BirlaNU, Everest Industries, and Interarch Building Products.M&B Engineering Limited a turnkey provider of Pre-Engineered Buildings (PEB) and Self-Supported Roofing in terms of installed capacity ranging (103,800 MTPA related to PEB and 1,800,000 square metres per annum for Self-Supported Steel Roofing Solutions).
Operating under its Phenix and Proflex divisions, M&B Engineering caters to a wide range of industries such as general engineering, manufacturing, food and beverages, warehousing and logistics, power, textiles, and railways. As of March 2025, the company had successfully executed over 9,500 projects.
The company announced that 75 per cent of offer size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per for retail investors.
Equirus Capital DAM Capital Advisors are the book-running lead managers (BRLMs) to the issue.
M&B Engineering is expected to list on the stock exchanges on Wednesday, August 6, 2025.
#M&B Engineering #M&BEngineeringIPO #M&BEngineeringLtd #IPO #GMP
