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M&B Engineering Limited IPO

M&B Engineering Limited IPO

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Listed Price: ₹ 385.00 (+0.00%)

M&B Engineering Limited's has transitioned to a publicly listed entity following its IPO debut on 06-08-2025 at the NSE, BSE exchange. The public offering successfully raised 1,68,83,117 Shares, consisting of 71,42,857 Sharesin new capital and ₹375.00 Cr in existing shareholder sales.

The IPO featured a competitive price range of ₹366 to ₹385 and minimum application size of 38 shares. Market reception was evidenced through subscription activity between 30-07-2025 and 01-08-2025, reflecting investor appetite for the offering.

Allotment of shares was completed on 04-08-2025, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

M&B Engineering IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
M&B Engineering IPO Key Performance Indicator
Company Financials ( In Crores )

M&B Engineering IPO About Company

M\&B Engineering Limited, established in 1981, is involved in the business of pre-engineered buildings (PEBs) and self-supported steel roofing solutions. The company designs, manufactures, and installs steel roofing systems across India, offering end-to-end services including design, engineering, production, and testing to deliver safe and high-performance structures. Their expertise lies in pre-engineered buildings, structural steel, and steel roofing, catering to a wide range of sectors such as general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways. M\&B Engineering operates two manufacturing units—one in Sanand, Gujarat (established in 2008) and another in Cheyyar, Tamil Nadu (set up in 2024), with a combined PEB production capacity of 103,800 metric tons per annum. Since 2010, the company has exported its products to 22 countries, including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles. The company functions through two divisions. The Phenix Division offers integrated manufacturing services for PEBs, using modern technology and equipment to ensure quality and cost-efficiency. The Proflex Division specializes in on-site production and installation of self-supported steel roofing, using mobile units to manufacture panels, seam them, and install them after the civil structure is ready. Together, both divisions have completed over 9,500 projects by Fiscal 2025. In terms of products, the Phenix Division manufactures primary structural components like frames and columns, secondary elements such as purlins and girts, as well as claddings like pre-painted galvalume sheets and standing seam roofs. The Proflex Division provides roofing solutions for different types of structures, including those with reinforced cement concrete, steel frameworks, and L-section roofs.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

M&B Engineering IPO Strength Factors

  1. Top Player in Roofing & Pre-Engineered Buildings: The company is one of India’s leading names in Pre-Engineered Buildings with a capacity of 103,800 MTPA. It is also the largest revenue generator in self-supported steel roofing with a 75% market share as of FY24.
  2. Impressive Financial Growth: Between FY22 and FY24, the company recorded one of the highest growth rates among its peers, with 38.0% CAGR in OPBDIT and 67.3% CAGR in PAT.
  3. Efficient and Scalable Operations: It operates strategically located PEB facilities with full in-house design and engineering capabilities, along with 14 mobile roofing units, allowing smooth and flexible project execution across regions.

M&B Engineering IPO Risk Factors

  1. Operations Depend on Key Manufacturing Units: Any disruption at the Sanand or Cheyyar plants — due to labor issues, equipment failure, power cuts, diseases, or political instability — could negatively affect the company’s operations, cash flow, and financial results.
  2. Strict Quality Requirements from Customers: Not meeting high quality or performance standards may lead to order cancellations, penalties, recalls, or harm to the company’s reputation, directly impacting its business.
  3. Possible Conflict of Interest with Management: Some promoters and directors have ties to similar businesses, and a few subsidiaries work in the same field, which may cause conflicts of interest, even though internal checks are in place.

M&B Engineering IPO Lead Manager(s)

  • Equirus Capital Private Limited
  • Dam Capital Advisors Limited

M&B Engineering IPO Promoter(s)

  1. Girishbhai Manibhai Patel
  2. Chirag Hasmukhbhai Patel
  3. Malav Girishbhai Patel
  4. Birva Chirag Patel
  5. Vipinbhai Kantilal Patel
  6. Aditya Vipinbhai Patel
  7. Leenaben Vipinbhai Patel
  8. Chirag H Patel Family Trust
  9. Vipin K Patel Family Trust
  10. MGM5 Family Trust
  11. MGM11 Family Trust
  12. Aditya V Patel Family Trust

M&B Engineering IPO Company Details

M&B Engineering Limited
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