M&B Engineering IPO: Check IPO Date, Live Subscription and Key Details
M&B Engineering Limited, incorporated in 1981, is one of the leading Pre-Engineered Buildings (PEBs) players in India, offering comprehensive turnkey solutions encompassing project designing, engineering, manufacturing, and erection services. The company operates through two main divisions: the Phenix division, which provides PEBs and complex structural steel components for bridges, flyovers, power plant structures, and other industrial applications; and the Proflex division, specializing in self-supported steel roofing solutions. M&B Engineering has executed over 9,500 projects by Fiscal 2025, including over 1,600 PEB projects globally (640,000 MT in 22 countries) and over 18.5 million square meters of roofing across 7,900 projects.
Price Range
₹366.00-385.00
Issue Size
₹650 Cr
Lot Size
38 shares
IPO Type
Mainboard
GMP
₹51(+13.25%)
Est. Listing Price
₹436
Estimate Profit
₹1,938
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
13.48
P/E Ratio
28.55
RoNW
25.14%
ROE
25.14%
Debt to Equity
0.33
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Timeline
IPO Opens
30 Jul
IPO Closes
1 Aug
Allotment
4 Aug
Listing
6 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 30 July 2025 | Subscription starts |
| IPO Close Date | 1 August 2025 | Subscription ends |
| Allotment Date | 4 August 2025 | Allotment |
| Listing Date | 6 August 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,630 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,90,190 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,04,820 |
SHNI (Max)Below ₹10,00,000 | 68 | ₹9,94,840 |
BHNIAbove ₹10,00,000 | 69 | ₹10,09,470 |
IPO Objectives
- Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at the Manufacturing Facilities.
- Investment in IT software upgradation by the Company.
- Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by the Company.
- General corporate purposes.
Strengths
- This company is a top player in the Indian Pre-Engineered Building (PEB) industry with a large manufacturing capacity.
- They offer complete solutions, from design to installation, which means better quality control and efficiency.
- They have a very strong order book worth ₹8,428.38 million, guaranteeing a lot of future business and revenue.
- Their manufacturing facilities are well-placed with in-house design capabilities and mobile units, ensuring wide reach and efficient work.
- The company shows strong and consistent financial growth, with revenue up 23% and profit up 69% in FY25, plus they have an experienced management team.
Weaknesses
- A big portion of their revenue comes from just 10 major clients, making them vulnerable if those clients change their plans or leave.
- The business needs a lot of working capital, seen by long payment collection times (154 days in FY25) and a need for IPO funds for operations.
- Their profits can be affected by changing prices of raw materials like steel and labor costs, which they might not always be able to pass on to customers.
- They face tough competition from many other companies in the PEB and steel industry, which can put pressure on their prices and profit margins.
- There's a risk of project delays or cost overruns, which can hurt their financial performance, and some of their production capacity is currently not fully used.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 849.21 | 633.11 | 558.79 |
| Revenue (₹ Cr.) | 996.89 | 808.26 | 889 |
| PAT (₹ Cr.) | 77.05 | 45.63 | 32.89 |
| Net Worth (₹ Cr.) | 306.53 | 233.03 | 180.51 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Sri Lotus Developers | 6.28 | 28.55 | 25.13% | 306.53 |
| Pennar Industries | 3.17 | 26.5 | 11.96% | 877 |
| Bansal Roofing Products | 5.05 | 30.19 | 16.71% | 27.61 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.02x | 38.63x |
| NII | 0.7x | 4.56x | 40.22x |
| S-HNI | 0.81x | 6.72x | 41.31x |
| B-HNI | 0.64x | 3.48x | 39.68x |
| RII | 2.77x | 10.16x | 34.35x |
| EMP | 2.26x | 3.81x | 8.58x |
| Total | 0.53x | 3.11x | 38.1x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 50,49,351 | 19,50,38,078 | 7,508.97 |
| NII | 25,24,675 | 10,15,44,854 | 3,909.48 |
| Small NII | 8,41,558 | 3,47,64,680 | 1,338.44 |
| Big NII | 16,83,117 | 6,67,80,174 | 2,571.04 |
| RII | 16,83,117 | 5,78,11,832 | 2,225.76 |
| EMP | 57,307 | 4,91,910 | 18.94 |
| Total | 93,13,449 | 35,48,86,674 | 13,663.14 |
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Company Details
- M&B Engineering Ltd.
- MB House, 51, Chandrodaya Society, Opp. Golden Triangle, Stadium Post Navjivan, Ahmedabad, Gujarat-380014
- +91 79- 264637
- compliance@mbel.in
- http://www.mbel.in/
Registrar Details
- MUFG Intime India Private Limited (Link Intime)
- +91-22-4918 6270
- mbengg.ipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html
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