M&B Engineering came to market through an IPO that opened on 30 July 2025 and closed on 1 August 2025, and the shares listed on 6 August 2025 on BSE, NSE. The price band was ₹366 to ₹385 per share and one lot was 38 shares, so the minimum application was ₹14,630. The issue size was ₹650 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and Equirus Capital Private Limited, am Capital Advisors Ltd (Formerly Idfc Securities Ltd) were the lead managers.
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Established in 1981, M&B Engineering Limited is involved in the business of Pre-Engineered Buildings and Self-Supported Roofing solutions. They manufacture and installed self-supported steel roofing solutions across India. The Company is providing design-driven manufacturing solutions, offering design, engineering, manufacturing, and testing to deliver reliable, safe, and high-performance structures, with specialties in pre-engineered buildings, structural steel, and steel roofing.The Company has serviced customers from different industries such as general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways.
Two manufacturing plants located in Sanand, Gujarat, and Cheyyar, Tamil Nadu, have a total PEB capacity of 103,800 MTPA. Sanand commenced in 2008, 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. 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: With its Proflex Division, the company produces and installs self-supported steel roofing on a customer's site using mobile units, makes panels, seames them, and installs with cranes upon the completion of the civil structure.
With more than 15 years of experience, Phenix Division has installed 1,575 projects, delivering 610,000 MT of PEBs and structural steel to customers in 22 nations and Proflex Division has installed more than 18 million square meters of roofing, finishing 7,825 projects in India for customers from different industries.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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M&B Engineering raises Rs 291.6 crore of Rs 650-crore IPO through anchor book. Major institutions names such as Ashoka India, Abu Dhabi Investment Authority, Integrated Core Strategies, Societe Generale, and Pinebridge Global Funds invested in the company through anchor book.
Besides, HDFC Mutual Fund, Kotak Mahindra AMC, Whiteoak Capital, Aditya Birla Sun Life AMC, Bandhan Mutual Fund, Abakkus Growth Fund, JM Financial Mutual Fund, Carnelian, ITI Mutual Fund, and Nuvama Crossover Opportunities Fund also entered into the shareholding of the company by investing in the anchor book.
Family Trust, Aditya V Patel Family Trust.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
M&B Engineering IPO was a ₹650 crore book-built issue, comprising a fresh issue of ₹275 crore and an offer for sale of ₹375 crore. It was priced at ₹366–₹385 per share with a lot size of 38 shares (₹14,630). The IPO was open from July 30 to August 1, 2025. Shares listed on BSE and NSE on August 6, 2025 at ₹385, in line with the issue price of ₹385. MUFG Intime India Private Limited (Link Intime) is the registrar.
Equirus Capital Private Limited and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) are the book running lead managers.
The price band of M&B Engineering IPO is ₹366 to ₹385 per share.
The lot size of M&B Engineering IPO is 38 shares.
The minimum investment for M&B Engineering IPO is approximately ₹14,630 based on the upper price band.
The allotment date of M&B Engineering IPO is Aug 4, 2025.
M&B Engineering IPO's final recorded GMP before listing was ₹47 per share (a 12% premium over the ₹385 upper price band). The shares listed at ₹385. GMP is unofficial and does not forecast or guarantee the actual listing price.
M&B Engineering IPO listed on Aug 6, 2025. It was issued at ₹385.0(NSE) and is currently around ₹260.02 as on 30-Oct-2026 3:30 PM, which is approximately -32.5% versus issue price. The 52-week high is ₹535.90.
You can check M&B Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the M&B Engineering IPO allotment status on Rupix for quick and easy access.
₹366 to ₹385 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 38 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,630.
₹14,630, for one lot of 38 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 30 July 2025 and closed on 1 August 2025.
The basis of allotment was published on 4 August 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 6 August 2025 on BSE, NSE.
The issue size was ₹650 crore. The fresh issue was 71,42,857 shares (aggregating up to ₹275 crore). The offer for sale was 97,40,259 shares (aggregating up to ₹375 crore).