M&B Engineering is coming with its IPO worth ₹650 Cr, which is a combination of fresh issue of ₹275 Cr and OFS of ₹375 Cr. Sri Lotus IPO opens for subscription on 30 July 2025 and will close on 1 Aug 2025. The allotment of shares is expected to be finalized on 4 Aug 2025 and the shares are likely to be listed on BSE & NSE on 6 Aug 2025. The price band for IPO is set between ₹366 to ₹385 per share.
About M&B Engineering IPO
M&B Engineering, established in 1981, is a company that designs and builds steel structures like pre-engineered buildings (PEBs) and self-supported roofing systems. These are used in factories, warehouses, power plants, and other large buildings. The company handles everything from design and engineering to manufacturing and installation, ensuring safe and high-quality structures.
M&B Engineering serves many industries such as manufacturing, food and beverages, logistics, textiles, and railways. It operates two factories, one in Sanand, Gujarat (since 2008), and another in Cheyyar, Tamil Nadu (since 2024) with a total capacity to produce over 1 lakh metric tonnes of steel structures each year. The company has also exported its products to 22 countries including the USA, Brazil, Qatar, and South Africa since 2010.
M&B Engineering IPO Highlights
- M&B Engineering’s IPO is worth ₹650 Cr and the price band is set between ₹366 to ₹385.
- The IPO is a combination of fresh issue of 0.71 Cr shares aggregating to ₹275.00 Cr and OFS of 0.97 Cr shares aggregating to ₹375.00 Cr..
- M&B Engineering’s IPO will open for subscription on 30 July 2025 and close on 1 Aug 2025. Share allotment is likely to take place on 4 Aug 2025 and the shares are expected to be listed on BSE and NSE on 6 Aug 2025.
- Promoters currently hold 100% of the company but after the IPO, their shareholding will come down.
- The company plans to use ₹130.58 Cr for purchasing equipment, machinery, solar rooftop, and vehicles at its manufacturing units, ₹5.20 crore for IT software upgrades, ₹58.75 crore to repay loans, and the remaining amount for general corporate purposes.
- MUFG Intime India Private Limited or Link Intime will be the registrar for M&B Engineering's IPO.
M&B Engineering IPO GMP
As of 27 July 2025, M&B Engineering GMP is trading at ₹32 up from the upper price band of ₹385, shares are expected to list at ₹417, which represents 8.31%. In the coming days, GMP may change, and we’ll keep updating as new details come in.
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- Date: 1 Aug 2025
- M&B Engineering GMP: ₹57( 14.81%)
- Date: 31 July 2025
- M&B Engineering GMP: ₹57( 14.81%)
- Date: 30 July 2025
- M&B Engineering GMP: ₹58( 15.06%)
- Date: 29 July 2025
- M&B Engineering GMP: ₹43 ( 11.17%)
- Date: 28 July 2025
- M&B Engineering GMP: ₹34 ( 8.33%)
- Date: 27 July 2025
- M&B Engineering GMP: ₹32 ( 8.31%)
How can you apply for M&B Engineering IPO?
Retail investors can apply for a minimum of 1 lot, which includes 38 shares costing ₹14,630. Maximum investment allowed for retail investors is 13 lots which totals 494 shares and costs ₹1,90,190.
| 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
|
M&B Engineering IPO Financial
M&B Engineering reported a PAT of ₹77.05 Cr in 31 March 2025 and in FY24 reported ₹ 45.63 Cr. Over the past 3 years, its profit has been continuously improving. All financial details are provided in the table below.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
|
Assets (₹ Crores) |
849.21
|
633.11
|
558.79
|
|
Revenue (₹ Crores) |
996.89
|
808.26
|
889.00
|
|
PAT (₹ crores)
|
77.05 |
45.63
|
32.89
|
|
EBITA(₹ Crores) |
126.38
|
79.62
|
66.43
|
|
Net Worth (₹ Crores) |
306.53
|
233.03
|
180.51
|
|
Reserves and Surplus (₹ Crores) |
256.53
|
183.03
|
160.51
|
|
Total Borrowing (₹ Crores) |
186.13
|
204.84
|
148.75
|
M&B Engineering IPO Peer Comparison
M&B Engineering has the highest EPS compared to its peers, which is good sign for investors. Below is a quick comparison of M&B Engineering and its peers.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
M&B Engineering
|
15.41
|
-
|
|
Pennar Industries
|
8.84
|
25.23 |
|
Bansal Roofing Products
|
4.2
|
28.39 |
|
BirlaNU |
-43.63
|
- |
|
Everest Industries
|
-2.28
|
- |
|
Interarch Building Products
|
68.03
|
33.69
|
M&B Engineering IPO Quota Allocation
- QIB Investors: 75% of the net issue
- Retail Investors: 10% of the net issue
- NII (HNI) Investors: 15% of the net issue
Listing Date of M&B Engineering IPO
- Subscription Period: 30 July to 1 Aug 2025
- Basis of Allotment Finalization: 4 August 2025
- Initiation of Refunds: 5 Aug 2025
- Demat Credits: 5 Aug 2025
- Listing Date: 6 Aug 2025
- Listing on: BSE, NSE
Strengths and weaknesses of M&B Engineering IPO
Knowing about the strengths and weaknesses of any IPO helps you make an informed decision.
- A leading company in building steel structures (PEBs) in India and abroad.
- Market leader in making self-supported roofing systems in India.
- Offers a wide range of products and complete project support.
- Strong order book and trusted by many industries.
- Most of the company’s income comes from PEB projects.
- New factory in Cheyyar is not fully used, which lowers profits.
- Business depends on a few regular customers for repeat orders.
- Dependence on third-party contractors, which can delay projects.
M&B Engineering IPO FAQs (Frequently Asked Questions)
What is the total issue size of M&B Engineering’s IPO?
The total size of M&B Engineering’s IPO is ₹650 Cr.
When will M&B Engineering IPO open and close?
M&B Engineering’s IPO will open for subscription on 30 July 2025 and close on 1 Aug 2025.
What is the lot size for M&B Engineering IPO?
Retail Investors can bid for a minimum of 1 lot, which includes 38 shares. And one lot will cost you around ₹14,630.
What is the share allotment date for M&B Engineering IPO?
The allotment of shares is expected to be completed by 4 Aug 2025.
Who is the registrar of M&B Engineering IPO?
MUFG Intime India Private Limited is the registrar for M&B Engineering’s IPO.
Where will M&B Engineering shares be listed?
The shares are planned to be listed on BSE and NSE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
