M&B Engineering Ltd launched its Rs 650-crore initial public offering (IPO) for subscription on Wednesday, July 30. The IPO received bids for 64.82 lakh shares against the total offer size of 97.98 lakh shares, as per data available on the BSE at 5 pm.
Retail investors led the charge, subscribing 2.59 times of their allotted quota. The non-institutional investor (NII) category saw 0.66 times subscription. Meanwhile, the qualified institutional buyers (QIBs) category witnessed minimal interest, receiving bids for just 10,640 shares—effectively zero per cent of their allocated portion.
M&B Engineering IPO: Price band, lot size and key dates
The price band for the M&B Engineering IPO is fixed at Rs 366 to Rs 385 per share. The minimum lot size for retail investors is 38 shares, requiring a minimum investment of Rs 13,908. For small non-institutional investors (sNII), the minimum application is 14 lots (532 shares), totalling Rs 2,04,820. Large NIIs (bNII) must apply for at least 69 lots (2,622 shares), amounting to Rs 10,09,470.
Employees have been offered a reservation of up to 57,307 shares at a discount of Rs 36 to the issue price. The IPO will close for subscription on August 1, 2025. The allotment is expected to be finalised on Monday, August 4, with the stock likely to list on both BSE and NSE on Wednesday, August 6.
Equirus Capital Private Limited is acting as the book-running lead manager to the issue, while MUFG Intime India Private Limited (formerly Link Intime) is the registrar.
M&B Engineering IPO: Allocation structure
M&B Engineering is offering a total of 1,99,82,008 shares through its IPO. Here’s how the allocation breaks down:
- Qualified Institutional Buyers (QIBs): 1.57 crore shares, making up around 78.66 per cent of the offer
- QIBs (excluding anchor investors): 81.42 lakh shares (40.75 per cent)
- Anchor investors: 75.74 lakh shares (37.90 per cent)
- Non-Institutional Investors (NIIs): 25.24 lakh shares (12.63 per cent)
- Retail Individual Investors (RIIs): 16.83 lakh shares (8.42 per cent)
What does M&B Engineering do?
Founded in 1981, M&B Engineering Ltd specialises in pre-engineered buildings (PEBs) and self-supported roofing solutions. From design and engineering to manufacturing and testing, the company offers end-to-end structural solutions tailored to client needs.
Its products serve a wide range of sectors including manufacturing, logistics, food and beverages, warehousing, power, textiles, railways, and general engineering.
The company runs two manufacturing plants—one in Sanand, Gujarat (operational since 2008), and another in Cheyyar, Tamil Nadu (launched in 2024). Together, they offer a production capacity of 1,03,800 metric tonnes per annum (MTPA) for PEBs.
Since FY2010, M&B Engineering has also built a strong export footprint, supplying structural steel components to 22 countries including the US, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles.
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