04-Aug-2025      16:14

M&B Engineering IPO ends with 36.20x subscription

The initial public offer of M&B Engineering received bids for 35,47,18,980 shares as against 97,98,309 shares on offer. The issue was subscribed 36.20 times.

The Non-Institutional Investors (NIIs) category was subscribed 38.24 times. The Qualified Institutional Buyers (QIBs) category was subscribed 36.72 times. The Retail Individual Investors (RIIs) category was subscribed 32.55 times.

The issue opened for bidding on 30 July 2025 and it closed on 1 August 2025. The price band of the IPO is fixed between Rs 366 and 385 per share.

The offer consists of the fresh issue of equity shares aggregating up to Rs 275 crore and the offer for sale of equity shares aggregating up to Rs 375 crore. The entire portion of the offer for sale is made by members of the promoters/promoter group.

The company proposes to use the net proceeds from the fresh issue to fund capital expenditure of Rs 130.58 crore for equipment, building works, solar rooftop installation, and vehicles at its manufacturing units. It also plans to invest Rs 5.20 crore in IT upgrades, repay Rs 58.75 crore of term loans, and allocate the balance towards general corporate purposes.

M&B Engineering is a leading provider of pre-engineered building (PEB) and self-supported steel roofing solutions, serving industrial and infrastructure clients across India and 22 global markets. The company operates two divisions'Phenix, which handles turnkey PEB projects, and Proflex, focused on steel roofing systems using mobile manufacturing units. With integrated facilities in Gujarat and Tamil Nadu, M&B ranks as the fourth-largest PEB player among organized peers in India.

As of March 31, 2025, it had an installed capacity of 103,800 MTPA for PEBs and 18 lakh sq. m. per annum for roofing. The firm has executed over 9,500 projects and maintains in-house design teams across Hyderabad, Chennai, and Ahmedabad. In FY25, exports accounted for 6.5% of revenue. The company plans a Rs 130.58 crore capex over FY25'28 to expand production capacities and strengthen operations.

Ahead of the IPO, M&B Engineering, on 29 July 2025, raised Rs 291.60 crore from anchor investors. The board allotted 75.74 lakh shares at Rs 385 each to 24 anchor investors.

The firm reported a consolidated net profit of Rs 343.12 crore and sales of Rs 1,420.15 crore for the twelve months ended on 31 March 2025.

Powered by Capital Market - Live News

News source: Capital Market - Live News