Gujarat-based M&B Engineering has officially announced the price band for its upcoming Initial Public Offering (IPO), ranging between ₹366 and ₹385 per equity share. The IPO will open for public subscription on July 30 and close on August 1. The anchor investor bidding will take place a day earlier, on July 29. The listing date is scheduled for August 6, while share allotment and refunds will be processed by August 5.
The ₹650 crore public issue includes a fresh issue of ₹275 crore and an offer for sale worth ₹375 crore by the promoters. The company plans to use the IPO funds for capital expenditure, including ₹130.6 crore for purchasing machinery and equipment, building new facilities, installing solar rooftop systems, and buying transport vehicles. Additionally, ₹5.2 crore will be spent on upgrading its IT systems, while ₹58.8 crore is allocated to repay existing debt. As of May 2025, M&B Engineering’s total borrowings stood at ₹186.1 crore.
M&B Engineering operates under its Phenix and Proflex brands, offering pre-engineered building (PEB) solutions and steel roofing systems. It serves industries like manufacturing, warehousing, textiles, food and beverages, power and railways. As of March 2025, the company has done over 9,500 projects. It has an annual capacity of 1,03,800 MT for PEB structures and 18 lac sqm for roofing.
Financials: Net profit of ₹77 crore in FY25, up 68.8% from previous year. Revenue up 24.3% to ₹988.6 crore. Competitors are Pennar Industries, BirlaNU, Everest Industries, Bansal Roofing and Interarch Building Products. The IPO is managed by Equirus Capital and DAM Capital Advisors.
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Source: Moneycontrol
News Desk
