M&B Engineering IPO to open on July 30; price, subscription and allotment dates

New Delhi: M&B Engineering Ltd IPO is all set to open for public subscription on July 30, 2025, Friday. The Rs 650-crore initial public offering is a mix of fresh issue of equity shares worth Rs 275 crore and an offer-for-sale (OFS) of Rs 375 crore by promoters.

The M&B Engineering IPO has a price band of Rs 366 to Rs 385. At the upper-end of the price band, the Gujarat-based company's market capitalisation is estimated at Rs 2,200 crore.

The company has informed Securities and Exchange Board of India (SEBI) that it will use the proceeds for purchasing equipment and machinery for the company's manufacturing facilities, payment of debt, working capital requirements and general corporate purposes.

The M&B Engineering has reserved 75 per cent of the public issue for qualified institutional buyers, 15 per cent is reserved for the investors applying in the non-institutional investors and the remaining 10 per for retail investors. The book-running lead managers to the issue: Equirus Capital DAM Capital Advisors.

M&B Engineering IPO allotment is expected on August 4, 2025, while the process to initiate the refunds to the unsuccessful applicants will kickstart on 5th August. The shares are expected to be credited to the demat accounts of eligible shareholders on August 5. M&B Engineering stock will list on BSE and NSE tentatively on August 6.

Established in 1981, M&B Engineering’s business included Pre-Engineered Buildings (PEB) and Self-Supported Roofing services. It is one of the leading providers of the particular services in terms of installed capacity (103,800 MTPA related to PEB and 1,800,000 square metres per annum for Self-Supported Roofing).

In its papers filed with SEBI, the company mentioned that its business is dependent on and will continue to depend on our Manufacturing Facilities, and we are subject to certain risks in our manufacturing process due to the usage of heavy machinery in our manufacturing operations. Any slowdown or shutdown in our manufacturing operations or strikes or work stoppages could have an adverse effect on our business, cash flows, financial condition and results of operations.