M&B Engineering IPO Description – M&B Engineering is a leading Indian player in the Pre-Engineered Buildings (PEB) and self-supported roofing industry, operating through its Phenix and Proflex Divisions. As of 31 March 2025, the company boasts a PEB manufacturing capacity of 1,03,800 MTPA and a self-supported roofing capacity of 1.8 million square metres per annum. The company has established long-standing relationships with over 2,000 customer groups, including marquee clients such as Adani Group, Tata Advanced Systems, Intas Pharmaceuticals, and Haldiram Foods. Repeat orders significantly contribute to its revenue.
Over 15 years, the Phenix Division has delivered over 1,600 projects across 22 countries, supplying 6,40,000 MT of PEBs and structural steel. The Proflex Division, with a 23-year track record, has completed over 7,900 projects and installed more than 18.5 million square metres of roofing across India.
Promoters of M&B Engineering – Girishbhai Manibhai Patel, Chirag Hasmukhbhai Patel, Malav Girishbhai Patel, Birva Chirag Patel, Vipinbhai Kantilal Patel, Aditya Vipinbhai Patel, Chirag H Patel Family Trust, Vipin K Patel Family Trust, MGM5 Family Trust, MGM11 Family Trust, and Aditya V Patel Family Trust
Table of Contents
M&B Engineering IPO Details
| M&B Engineering IPO Dates | 30 July – 1 August 2025 |
| M&B Engineering IPO Price | INR 366 – 385 per share Employee Discount – INR 36 per share |
| Fresh issue | INR 275 crore |
| Offer For Sale | INR 375 crore |
| Total IPO size | INR 650 crore |
| Minimum bid (lot size) | 38 shares (INR 14,630) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
M and B Engineering Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 880.47 | 795.06 | 988.55 |
| Expenses | 843.52 | 747.38 | 894.65 |
| Net income | 32.89 | 45.63 | 77.05 |
| Margin (%) | 3.74 | 5.74 | 7.79 |
M&B Engineering Offer News
- M&B Engineering RHP
- M&B Engineering DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
M&B Engineering Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 * (Post-Issue) | |
| EPS | 6.82 | 9.17 | 15.41 | 13.48 |
| PE Ratio | – | – | 23.75 – 24.98 | 27.14 – 28.55 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 18.89 | 19.68 | 25.14 |
| NAV | 36.10 | 46.61 | 61.31 |
| ROCE (%) | 19.70 | 19.17 | 24.80 |
| EBITDA (%) | 7.54 | 10.01 | 12.78 |
| Debt/Equity | 0.13 | 0.45 | 0.33 |
M&B Engineering IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 5 August 2025 | 47 | – | 1,200 |
| 4 August 2025 | 47 | – | 1,200 |
| 2 August 2025 | 47 | – | 1,200 |
| 1 August 2025 | 55 | – | 1,200 |
| 31 July 2025 | 63 | – | 1,050 |
| 30 July 2025 | 42 | – | 900 |
| 29 July 2025 | 37 | – | 1,000 |
| 28 July 2025 | 41 | – | 1,200 |
| 26 July 2025 | 62 | – | 1,800 |
M and B Engineering IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid, and transport vehicles at its manufacturing facilities – INR 130.58 crore
- Investment in information technology (IT) software upgradation by the company – INR 5.20 crore
- Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by the company – INR 58.75 crore
- General corporate purposes
M&B Engineering IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 53,11,475 | 26,55,737 | 17,70,491 | 60,606 | 97,98,309 |
| 1 Aug 2025 | 36.72 | 38.24 | 32.53 | 8.13 | 36.20 |
| 31 Jul 2025 | 0.02 | 4.34 | 9.57 | 3.60 | 2.94 |
| 30 Jul 2025 | 0.00 | 0.66 | 2.59 | 2.14 | 0.66 |
75,74,026 shares allotted to anchor investors are not included in these calculations.
M&B Engineering – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| M&B Engineering | 23.75 – 24.98 | 15.41 | 25.14 | 61.31 | 988.55 |
| Pennar Industries | 25.23 | 8.84 | 11.96 | 73.99 | 3,226.58 |
| Bansal Roofing Products | 28.39 | 4.20 | 16.71 | 25.13 | 96.63 |
M&B Engineering IPO Allotment Status
M&B Engineering IPO allotment status is now available on MUFG Intime’s website. Click on the MUFG Intime IPO weblink to get allotment status.
M&B Engineering IPO Dates & Listing Performance
| IPO Opening Date | 30 July 2025 |
| IPO Closing Date | 1 August 2025 |
| Finalization of Basis of Allotment | 4 August 2025 |
| Initiation of refunds | 5 August 2025 |
| Transfer of shares to demat accounts | 5 August 2025 |
| M&B Engineering IPO Listing Date | 6 August 2025 |
| Opening Price on NSE | INR 385 per share (no change) |
| Closing Price on NSE | INR 405.25 per share (up 5.26%) |
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M&B Engineering Offer Lead Manager
EQUIRUS CAPITAL PRIVATE LIMITED
12th Floor, C Wing, Marathon Futurex,
N M Joshi Marg, Lower Parel,
Mumbai 400 013, Maharashtra
Phone: +91 22 4332 0734
Email: [email protected]
Website: www.equirus.com
M&B Engineering Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
M&B Engineering Contact Details
M & B ENGINEERING LIMITED
MB House, 51, Chandrodaya Society, Opp. Golden Triangle
Stadium Road, Post Navjivan, Ahmedabad – 380 014, Gujarat
Phone: +91 79- 26463784
Email: [email protected]
Website: www.mbel.in
M&B Engineering IPO FAQs
How many shares in M&B Engineering IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for M&B Engineering Public Offer?
The best way to apply for M&B Engineering public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is M&B Engineering IPO GMP today?
M&B Engineering IPO GMP today is INR 47 per share.
What is M&B Engineering kostak rate today?
M&B Engineering kostak rate today is INR NA per application.
What is M&B Engineering Subject to Sauda rate today?
M&B Engineering Subject to Sauda rate today is INR 1,200 per application.