M&B Engineering IPO
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Schedule of M&B Engineering
| Issue open date | 30 Jul 2025 |
| Issue close date | 01 Aug 2025 |
| UPI mandate deadline | 01 Aug 2025 (5 PM) |
| Allotment finalization | 04 Aug 2025 |
| Refund initiation | 05 Aug 2025 |
| Share credit | 05 Aug 2025 |
| Listing date | 06 Aug 2025 |
| Mandate end date | 18 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 01 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 02 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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 | 130.57(47.27%) |
| Investment in IT software | 5.2 (1.89%) |
| Repayment/prepayment of outstanding borrowings | 58.75 (21.36%) |
| General corporate purposes |
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.
Subscription Figures for M&B Engineering
Subscription numbers as of 5:00 PM on August 01, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 50.49 | 1950.38 | 38.63x |
| NII | 25.24 | 1015.45 | 40.22x |
| Retail | 16.83 | 578.26 | 34.36x |
| Employees | 0.57 | 4.92 | 8.59x |
| Total | 93.13 | 3549.03 | 38.11x |