M&B Engineering Limited IPO
M&B Engineering Limited is one of India’s leading players in Pre-Engineered Buildings (PEBs), with an installed capacity of 103,800 MTPA for PEB structures and 1.8 million sq. m. annually for self-supported roofing, as of March 31, 2025 (Source: CRISIL Report). It offers turnkey solutions including design, engineering, manufacturing, and erection across industrial and infrastructure sectors. With over 9,500 projects executed under its Phenix and Proflex divisions, the company serves clients across diverse industries such as manufacturing, food and beverages, logistics, power, textiles, and railways.
Price Band₹366 - ₹385 |
Dates30 Jul - 01 Aug |
GMP₹38 (9.87%) |
Subscriptions- |
Issue Size₹650.00 Crs |
M&B Engineering IPO Objects
- Funding the capital expenditure requirements
- Investment in information technology software upgradation by our Company
- Re-payment of term loans, in full or in part, of certain borrowings availed by our Company
- General corporate purposes
M&B Engineering IPO Details
Price Band₹366 - ₹385 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹275.00 Cr (0.71 Cr Shares) |
Offer For Sale₹375.00 Cr (0.97 Cr Shares) |
Total Issue₹650.00 Cr (1.69 Cr Shares) |
Face Value₹10 per equity share |
M&B Engineering IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
38
14,630
Maximum
13
494
1,90,190
|
|||
| Small HNI |
Minimum
14
532
2,04,820
Maximum
68
2,584
9,94,840
|
|||
| Big HNI |
Minimum
69
2,622
10,09,470
|
|||
M&B Engineering IPO GMP
The estimated Grey Market Premium of M&B Engineering IPO is ₹38 per share (9.87%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 0% of Net Offer |
| Employee | Rs. 2 Cr |
M&B Engineering IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 988.55 | 795.06 | 880.47 |
| Profit after Tax | 77.05 | 45.63 | 32.89 |
| Net Worth | 306.53 | 233.03 | 180.51 |
| Total Borrowing | 186.13 | 204.84 | 148.75 |
| Total Assets | 849.21 | 633.11 | 558.79 |
| NAV per share (in ₹) | 61.31 | 46.61 | 36.10 |
| EPS - Basic (in ₹) | 15.41 | 9.17 | 6.82 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 12.78% |
| PAT | 7.73% |
| ROE | 25.13% |
| ROCE | 24.80% |
| Net Debt to Equity | 0.33 |
| PE Ratio | 24.98 |
| PB Ratio | 6.28 |
| Mkt Cap (in Crs.) | 2,200.00 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
M&B Engineering IPO Peer Comparision
| Particulars | M & B Engineering | Pennar Industries | Bansal Roofing Products | BirlaNU | Everest Industries | Interarch Building Products |
|---|---|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 988.55 | 3,226.58 | 96.63 | 3,615.23 | 1,722.82 | 1,453.83 |
| PAT (In Crs.) | 77.05 | 119.45 | 5.54 | -32.90 | -3.60 | 107.83 |
| EPS - Basic | 15.41 | 8.84 | 4.20 | -43.63 | -2.28 | 68.51 |
| NAV per share | 61.31 | 73.99 | 25.13 | 1,606.51 | 377.13 | 451.56 |
| RONW | 25.14% | 11.96% | 16.71% | -2.72% | -0.60% | 14.35% |
| EBITDA | 12.78% | 9.63% | 9.50% | 1.62% | 1.74% | 9.37% |
| PAT Margin | 7.73% | 3.66% | 5.72% | -0.90% | -0.21% | 7.31% |
| Price to earning (PE) | 24.98 | 25.23 | 28.39 | NA | NA | 33.69 |
| Net Debt to Equity | 0.33 | 0.59 | 0.14 | 0.52 | 0.26 | -0.24 |
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 07, 2025 for Peers
M&B Engineering IPO Peer Comparision
| Particulars | M & B Engineering |
|---|---|
| Revenue from Ops (in Crs.) | 988.55 |
| PAT (In Crs.) | 77.05 |
| EPS - Basic | 15.41 |
| NAV per share | 61.31 |
| RONW | 25.14% |
| EBITDA | 12.78% |
| PAT Margin | 7.73% |
| Price to earning (PE) | 24.98 |
| Net Debt to Equity | 0.33 |
| Pennar Industries | Bansal Roofing Products | BirlaNU | Everest Industries | Interarch Building Products |
|---|---|---|---|---|
| 3,226.58 | 96.63 | 3,615.23 | 1,722.82 | 1,453.83 |
| 119.45 | 5.54 | -32.90 | -3.60 | 107.83 |
| 8.84 | 4.20 | -43.63 | -2.28 | 68.51 |
| 73.99 | 25.13 | 1,606.51 | 377.13 | 451.56 |
| 11.96% | 16.71% | -2.72% | -0.60% | 14.35% |
| 9.63% | 9.50% | 1.62% | 1.74% | 9.37% |
| 3.66% | 5.72% | -0.90% | -0.21% | 7.31% |
| 25.23 | 28.39 | NA | NA | 33.69 |
| 0.59 | 0.14 | 0.52 | 0.26 | -0.24 |
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of July 07, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Girishbhai Patel | 38.98% |
| Chirag Patel | 34.99% |
| Birva Patel | 10.00% |
| Other Promoter | 16.03% |
| Total | 100.00% |
Management Details
| Name | Designation |
|---|---|
| Chirag Patel | Joint MD |
| Malav Patel | Joint MD |
| Keyur Shah | CFO |
| Mayur Patel | CEO (Proflex) |
| Pankaj Naresh | CEO (Phenix) |
Company Details
Name: M&B Engineering Limited
Address: MB House, 51, Chandrodaya Society, Opp. Golden Triangle Stadium Road, Post Navjivan, Ahmedabad – 380 014, Gujarat, India
Number: +91 79- 26463784
Email: compliance@mbel.in
Website: www.mbel.in
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
M&B Engineering IPO is a Mainboard IPO having an issue size of Rs. ₹650.00 Crs. M&B Engineering IPO is priced at ₹366 - ₹385 per share. The issue opens on 30 Jul 25 and closes on 01 Aug 25.
M&B Engineering IPO opens on 30 Jul 25 and closes on 01 Aug 25.
The estimated Grey Market Premium of M&B Engineering IPO is ₹38 per share (9.87%).
The minimum lot size of M&B Engineering IPO is 38 shares & the minimum application amount is Rs. 14630.
The allotment date of M&B Engineering IPO is 04 Aug 25.
The listing date of M&B Engineering IPO is 06 Aug 25.
M&B Engineering IPO is subscribed -.
M&B Engineering IPO is priced at ₹366 - ₹385 per share.
Click the allotment link on M&B Engineering IPO page of IPO360.
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