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M&B Engineering IPO is a bookbuilt issue of ₹650.00 crore. It combines a fresh issue of 0.71 crore shares aggregating to ₹275.00 crores and an offer for sale of 0.97 crore shares aggregating to ₹375.00 crores.
The IPO opens for subscription on July 30, 2025, and closes on August 1. The allotment is expected to be finalized on Monday, August 4, 2025. The price band for the IPO is set at ₹366 to ₹385 per share, and the minimum lot size for an application is 38 shares.
Company Summary
Incorporated in 1981, M&B Engineering Limited is engaged in the business of Pre-Engineered Buildings and Self-Supported Roofing solutions. They manufacture and install self-supported steel roofing solutions in India.
The Company offers design-led manufacturing solutions, providing design, engineering, manufacturing, and testing to ensure reliable, safe, and high-performance structures, specializing in pre-engineered buildings, structural steel, and steel roofing.
The Company has provided solutions to customers across various sectors, including general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways.
The Company operates two manufacturing facilities in Sanand, Gujarat, and Cheyyar, Tamil Nadu, with a combined PEB capacity of 103,800 MTPA. Sanand started in 2008, and Cheyyar in 2024.
The Company exports PEBs and structural steel components to 22 countries, including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles since Fiscal 2010.
Company portfolio
Services:
Phenix division: The company’s Phenix Division offers integrated manufacturing solutions, including design, engineering, and production of PEBs, using advanced software and equipment to ensure efficiency, quality, and cost-effectiveness in customer projects.
Proflex Division: Through its Proflex Division, the company manufactures and installs self-supported steel roofing using mobile units at customer sites, producing panels, seaming them, and installing with cranes after civil structure completion.
The company has executed 9,500+ projects until Fiscal 2025 under the Phenix and Proflex divisions.
Products:
Phenix Division: The company manufactures PEBs, including primary structural components (frames, columns), secondary components (purlins, girts), claddings (pre-painted galvalume, PPGL), and standing seam roofs with various coatings.
Proflex Division: Roof with Reinforced Cement Concrete (RCC) Structure, Roof with Steel Structure, and L Section Roof.
Company Strengths
- One of the players in terms of installed capacity in the domestic PEB industry, with presence in international markets, and a market leader in the domestic self-supported roofing industry.
- They provide a wide range of specialised products and services, making us a comprehensive solution provider for our customers.
- Relationships with customers across a diverse set of industries with an order book of Rs 8,428.38 million as of June 30, 2025.
- Strategically located manufacturing facilities for PEBs with comprehensive in-house design and engineering capabilities and 14 mobile manufacturing units for self-supported roofing systems.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 849.21 | 633.11 | 558.79 |
| Revenue | 996.89 | 808.26 | 889 |
| Profit After Tax | 77.05 | 45.63 | 32.89 |
| EBITDA | 126.38 | 79.62 | 66.43 |
| Net Worth | 306.53 | 233.03 | 180.51 |
| Reserves and Surplus | 256.53 | 183.03 | 160.51 |
| Total Borrowing | 186.13 | 204.84 | 148.75 |
| Amount in ₹ Crore | |||
Objectives of the IPO
- Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid, and transport vehicles at our Manufacturing Facilities
- Investment in IT software upgradation by our Company
- Repayment or prepayment of term loans, in full or in part, of certain borrowings availed by our Company
- General corporate purposes
Promoters of the company
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, MGM5 Family Trust, MGM11 Family Trust, and Aditya V Patel Family Trust are the promoters of the company.
IPO Details
| IPO Date | July 30, 2025 to August 1, 2025 |
| Listing Date | August 6, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹366 to ₹385 per share |
| Lot size | 38 shares |
| Total Issue Size | 1,68,83,116 shares (aggregating up to ₹650.00 Cr) |
| Fresh Issue | 71,42,857 shares (aggregating up to ₹275.00 Cr) |
| Offer for sale | 97,40,259 shares of ₹10 (aggregating up to ₹375.00 Cr) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 5,71,42,857 shares |
Category Reservation
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Up to Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is up to Rs 2 Lakhs) 2. If applying as RII: Up to Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs and bNII > Rs 10 Lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 38 | ₹14,630.00 |
| Retail (Max) | 13 | 494 | ₹1,90,190.00 |
| S-HNI (Min) | 14 | 532 | ₹2,04,820.00 |
| S-HNI (Max) | 68 | 2584 | ₹9,94,840.00 |
| B-HNI (Min) | 69 | 2622 | ₹10,09,470.00 |
Allotment Schedule
Basis of Allotment | Mon, Aug 4, 2025 |
Initiation of Refunds | Tue, Aug 5, 2025 |
Credit of Shares to Demat | Tue, Aug 5, 2025 |
Tentative Listing Date | Wed, Aug 6, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
To check allotment, click here
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