M&B Engineering IPO Upcoming
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About M&B Engineering
Founded in 1981, M&B Engineering Limited is an Indian company engaged in pre-engineered buildings (PEBs) and self-supported steel roofing systems. With facilities in Gujarat and Tamil Nadu, and operations in both domestic and export markets, the company serves a wide range of industrial sectors through its Phenix and Proflex divisions.
Financials of M&B Engineering
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹650 crores |
| Fresh Issue | ₹275 crores |
| Offer for sale | ₹375 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 129.8 (47.2%) |
| Investment in IT software | 5.2 (1.89%) |
| Repayment/prepayment of outstanding borrowings | 60 (21.82%) |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Leading PEB player with strong domestic and global presence.
- Market leader in self-supported roofing systems in India.
- Diverse product offerings with end-to-end customer solutions.
- Strong order book and relationships across multiple industries.
- Strategically located facilities with in-house design expertise.
Risks
- Heavy reliance on PEB business for revenue generation.
- Low capacity utilisation at Cheyyar facility affects profitability.
- Business heavily relies on repeat orders from few customers.
- Dependence on third-party contractors risks timely project execution.
- Unregistered trademarks could weaken brand identity and protection.