M&B Engineering IPO: Full Details, Date, Review, and Investment Analysis
The Indian Initial Public Offering (IPO) market continues to see robust activity in 2025, and one of the most anticipated issues is the M&B Engineering IPO. In this comprehensive SEO-optimized blog, we’ll cover everything you need to know about the M&B Engineering IPO: company background, IPO dates, price band, objectives, financial performance, subscription details, GMP, allotment and listing information, and a thoughtful investment analysis.
M&B Engineering IPO: About M&B Engineering Limited
Founded in 1981, M&B Engineering Limited is a leader in pre-engineered buildings (PEBs) and self-supported roofing solutions. The company specializes in design-driven manufacturing services for structural steel, pre-engineered buildings, and advanced roofing systems. With two manufacturing facilities in Gujarat and Tamil Nadu and a robust capacity of 103,800 MTPA, M&B Engineering has established a pan-India presence and exports to 22 countries. The company has successfully executed more than 9,500 projects through its Phenix and Proflex divisions as of March 2025.
M&B Engineering caters to diverse industries such as
- General engineering
- Manufacturing
- Food and beverages
- Warehousing and logistics
- Power and textiles
- Railways
M&B Engineering IPO Details: Key Facts
| Parameter | Details |
|---|---|
| IPO Open Date | July 30, 2025 |
| IPO Close Date | August 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹366 to ₹385 per share |
| Lot Size | 38 shares |
| Minimum Investment | ₹14,630 (1 lot) |
| Issue Size | ₹650 crore |
| Fresh Issue | ₹275 crore |
| Offer for Sale | ₹375 crore |
| Listing At | BSE, NSE |
| Tentative Listing | August 6, 2025 |
| Promoters | Girishbhai M. Patel & family |
| Lead Managers | Equirus Capital, DAM Capital |
| Registrar | MUFG Intime India Pvt Ltd |
M&B Engineering IPO Structure: Fresh Issue & Offer for Sale
The M&B Engineering IPO is structured as a mix of:
- Fresh Issue:
₹275 crore (71,42,857 shares) to fund working capital and business expansion. - Offer for Sale (OFS):
₹375 crore (97,40,259 shares) by promoters and existing shareholders, facilitating partial exit and increasing public shareholding.
M&B Engineering IPO: Important Dates
| Event | Date |
|---|---|
| IPO Opens | July 30, 2025 |
| IPO Closes | August 1, 2025 |
| Basis of Allotment | August 4, 2025 |
| Refund Initiation | August 5, 2025 |
| Demat Credit | August 5, 2025 |
| Listing Date | August 6, 2025 |
M&B Engineering IPO: Price Band and Lot Size
- Price Band:
₹366 to ₹385 per equity share - Lot Size:
38 shares (retail minimum investment ₹14,630)- Retail investors can apply for up to 13 lots (494 shares / ₹190,190).
- S-HNI:
Minimum 14 lots (532 shares) - B-HNI:
69 lots (2,622 shares)
M&B Engineering IPO: Company Financials
The company’s recent financial performance reflects strong growth and operational efficiency:
| Financial Year | Total Revenue (₹ crore) | Profit After Tax (₹ crore) |
|---|---|---|
| FY 2023-24 | 808.26 | 45.63 |
| FY 2024-25 | 996.89 | 77.05 |
- Revenue Growth:
23% YoY (FY24 to FY25) - PAT Growth:
69% YoY, showing profitability improvements
The consistent growth in topline and bottom line highlights strong demand for PEB solutions, diversified clientele, and effective management.
M&B Engineering IPO: Strengths
- Market leader in PEB and steel roofing segments
- Widely diversified across industries and regions
- Over 9,500 projects completed, reflecting strong execution capabilities
- Export presence in 22 countries
- Two large facilities for scale and reach
- Improving financial metrics with rising revenue and profits
Risks and Challenges
- Cyclical industry, dependent on capex cycles and infra spending
- Highly competitive market with both domestic and international players
- Raw material price volatility (steel costs)
- Any slowdown in industrial capex or real estate can impact order books.
Objective of the IPO
The company plans to utilize IPO proceeds for:
- Meeting working capital requirements
- Business expansion, including capacity upgrades and technological enhancements
- General corporate purposes
- Providing liquidity for existing shareholders through OFS
How to Apply for M&B Engineering IPO
Investors can apply using:
- ASBA (Application Supported by Blocked Amount) via bank net banking
- UPI through trading platforms and brokers
Key steps:
- Choose the desired lot size within limits
- Enter the price bid within the band
- Apply before August 1, 2025.
- Ensure sufficient funds in the bank account for blocking
M&B Engineering IPO: Grey Market Premium (GMP) & Listing Projections
- Current GMP:
₹32 (as of July 29, 2025) - Estimated Listing Price:
₹417 per share (based on upper price band + GMP) - Positive GMP suggests healthy market interest, though GMP is not an official indicator and can fluctuate.
M&B Engineering IPO: Investment Analysis
Positives
- Seasoned Market Player:
Over four decades of successful operation - Industry Tailwinds:
Indian infra and PEB market poised for expansion - Sound Financials:
Double-digit growth in revenue and profit - Wide Customer Base:
Reduces dependence on specific sectors - Export Revenue:
Geographic diversification
M&B Engineering IPO: Considerations
- IPO Valuation:
P/E, P/B, and other metrics need comparison with listed peers (e.g., Pennar Industries, Kirby Building Systems). - Offer for Sale Component:
A large OFS may mean partial promoter exit - Sector Volatility:
Sensitive to economic cycles and infrastructure activity - Raw Material Price Risk:
Especially steel price swings can impact margins.
Should You Apply for the M&B Engineering IPO?
- For Long-Term Investors:
The company’s strong track record, sector leadership, and growth make it an attractive long-term story, provided economic conditions remain supportive. - For Short-Term Investors:
A positive grey market premium could hint at listing gains, though IPOs always carry execution and market risks.
It is essential to evaluate personal risk profiles, scrutinize valuations, and consider the macroeconomic environment before investing. Reviewing the Red Herring Prospectus (RHP) for further details is recommended.
READ MORE: Sri Lotus Developers IPO: Key Dates, GMP, Financials, and Detailed Investment Review
Conclusion
The M&B Engineering IPO stands out in 2025 due to the company’s proven market leadership, execution strength, and strong financials. Prudent expansion strategies, growing demand for pre-engineered building solutions, and a robust execution record make it noteworthy for both retail and institutional investors. As always, invest after due diligence and professional advice as per your financial goals.
