M&B Engineering IPO
M&B Engineering IPO — date, price band, lot size & details 2025
M&B Engineering listed on 6 Aug 2025 at ₹385, flat to the ₹385 issue price.
M&B Engineering provides pre-engineered buildings and self-supported steel roofing solutions. Its two plants at Sanand and Cheyyar have combined capacity of 103,800 MTPA.
Stock price
M&B Engineering is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 30 Jul 2025
- Close 01 Aug 2025
- Allotment 04 Aug 2025
- Refund/credit 05 Aug 2025
- Listing 06 Aug 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Jul to 1 Aug, 2025 |
|---|---|
| Price Band | ₹366 – ₹385 |
| Face Value | ₹10 |
| Lot Size | 38 Shares |
| Issue Size | ₹650 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 36.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,630 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 38 shares at the ₹385 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 38 | ₹14,630 |
| Retail (max) | 13 | 494 | ₹1,90,190 |
| S-HNI (min) | 14 | 532 | ₹2,04,820 |
| S-HNI (max) | 68 | 2,584 | ₹9,94,840 |
| B-HNI (min) | 69 | 2,622 | ₹10,09,470 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 32.89 crore in FY2023 to Rs 77.05 crore in FY2025.
- 02Total income rose from Rs 808.26 crore in FY2024 to Rs 996.89 crore in FY2025.
- 03Return on equity was 25.13% and return on capital employed was 24.80%.
- 04Combined pre-engineered building capacity is 103,800 MTPA across 2 plants.
- 05Rs 130.58 crore of the fresh issue was for buying equipment.
Risks · 7
- 01Rs 374.88 crore of the Rs 650 crore issue was offer for sale and did not reach the company.
- 02The P/E was 28.55 at the upper band of Rs 385, based on post-issue EPS of Rs 13.48.
- 03Total income fell from Rs 889.00 crore in FY2023 to Rs 808.26 crore in FY2024, so orders can be uneven.
- 04The PAT margin was 7.73% and the EBITDA margin was 12.78%.
- 05The Cheyyar plant started only in 2024, so its contribution has a short record.
- 06Steel prices affect costs, and total borrowing stood at Rs 186.13 crore on 31 March 2025.
- 07Promoter holding fell from 100% before the issue to 70.45% after it.
Three years of numbers
All figures in ₹ crore, as reported in the M&B Engineering offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 849.21 | 633.11 | 558.79 |
| Total Income | 996.89 | 808.26 | 889.00 |
| 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the M&B Engineering RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
M&B Engineering IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹15.41 | ₹13.48 |
| P/E Ratio (x) | 24.98 | 28.55 |
| Market Cap at Offer Price (₹ Cr) | ₹1,925.00 | ₹2,200.61 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹385 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹312.05 Cr of the issue is earmarked to named objects.
M&B Engineering IPO Anchor Investors
24 anchor investors across 17 fund houses committed ₹291.60 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Customers come from general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles and railways.
The company has two plants, at Sanand in Gujarat and Cheyyar in Tamil Nadu. Sanand started in 2008 and Cheyyar in 2024. Combined pre-engineered building capacity is 103,800 MTPA.
The IPO was Rs 650 crore, with Rs 275.12 crore of fresh issue and Rs 374.88 crore of offer for sale. Rs 130.58 crore was planned for equipment and Rs 58.75 crore for repaying term loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
M&B Engineering IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Equirus Capital Pvt.Ltd.
8 issues handledBest listing: CMR Green Technologies (+39.6%). Weakest: Omnitech Engineering (-9.7%).
Dam Capital Advisors Ltd
16 issues handledBest listing: ESDS Software Solution (+76.5%). Weakest: Prasol Chemicals (-9.8%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of M&B Engineering?
The current Grey Market Premium is ₹47, or 12% over the issue price.
What is the M&B Engineering IPO price band?
₹366 to ₹385, on a face value of ₹10.
When is the allotment?
The basis of allotment is 4 August 2025, with listing on 6 August 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
