M&B Engineering IPO
M&B Engineering Limited has announced its initial public offering (IPO) to raise up to ₹650 crore. The public issue will open for subscription this Wednesday, July 30, 2025, and close on Friday, August 1, 2025. The company is set to list its shares on both BSE and NSE.
M&B Engineering IPO structure and price band
The IPO comprises a fresh issue, aggregate value of ₹275 crore and an offer for sale (OFS) by the promoter group with an aggregate value of ₹375 crore. The price band for the issue has been fixed at ₹366 to ₹385 per equity share, with a face value of ₹10 per share.
M&B Engineering IPO Reservation Categories and Lot Sizes
Investors can bid for shares in lots, with one lot consisting of 38 shares. For retail investors, the minimum investment is one lot (38 shares) of ₹14,630, while the maximum investment is 13 lots (494 shares) of ₹1,90,190. The minimum application for small high net worth individuals (S-HNIs) starts from 14 lots, amounting to ₹2,04,820, and for large high net worth individuals (B-HNIs), it starts from 69 lots, amounting to ₹10,09,470. The issue allocation is structured such that a minimum of 75% is reserved for qualified institutional buyers (QIBs), a maximum of 15% for non-institutional investors (NIIs) and a maximum of 10% for retail individual investors (RIIs).
M&B Engineering Financial Performance
M&B Engineering has recorded strong financial growth. For the financial year ending March 31, 2025, the company’s revenue grew by 23% to ₹996.89 crores from ₹808.26 crores in the previous year. Profit after tax (PAT) witnessed a significant growth of 69%, rising to ₹77.05 crores from ₹45.63 crores in the same period.
M&B Engineering IPO Objectives
The net proceeds from the fresh issue of ₹275 crore will be used for capital expenditure (₹130.58 crore), repayment of loans (₹58.75 crore), IT software upgrades (₹5.20 crore) and general corporate purposes.
M&B Engineering IPO Timelines
The timelines for the IPO process have been laid down by the company. After the closure of the issue on August 1, the basis of allotment is expected to be finalized by Monday, August 4, 2025. The process of refund and crediting of shares into the demat accounts of successful applicants is scheduled for Tuesday, August 5, 2025. Shares of M&B Engineering will be provisionally listed on the stock exchanges on Wednesday, August 6, 2025.
M&B Engineering IPO Management
Equirus Capital Private Limited is the book-running lead manager to the issue, and MUFG Intime India Private Limited (Link Intime) is the registrar. The promoter and promoter group currently hold 100% of the pre-issue share capital.