M & B Engineering shares see a flat listing at ₹385 on the NSE and trade range-bound thereafter
M & B Engineering's share price got listed at ₹ 385 on the NSE on Wednesday at par with the upper end of the IPO price. M & B Engineering's IPO price band had been set at ₹ 385.
The M & B Engineering shares post listing, however, saw a decline, though they also recovered . Overall, the M & B Engineering shares remained range-bound thereafter between highs of ₹ 407.60 and lows of ₹ 373.50.
M & B Engineering shares list below investor expectations.
M & B Engineering shares saw a listing much below investor expectations, as was indicated by the GMP. M & B Engineering IPO GMP, or Grey Market Premium, stood at +55 as per investorgain.com data. This meant that the shares of M & B Engineering were trading with an ₹ 55 premium over the upper band of the issue price of ₹ 385 in the grey market. This also means that investors are expecting a listing of M & B Engineering shares with a 14.29% premium over the upper band of the issue price and at ₹ 440. Clearly the listing of M & B Engineering shares on the NSE on Wednesday was below the investor expectations.
M & B Engineering IPO saw strong investor interest
M&B Engineering IPO was subscribed 38.11 times. By August 1, 2025, the public offering had been subscribed 34.36 times in the retail category, 38.63 times in the QIB category, and 40.22 times in the NII category.
The bookbuilding of M&B Engineering's IPO was valued at ₹ 650.00 crores. The offering consisted of an offer to sell 0.97 crore shares worth ₹ 375.00 crores and a new issue of 0.71 crore shares for ₹ 275.00 crores.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
6 hours ago
- Hans India
Coromandel International Completes Acquisition of 53 % Controlling Stake in NACL Industries Ltd.
Coromandel International Limited (BSE: 506395, NSE: COROMANDEL) India's leading agri solutions provider and part of the Murugappa Group, today announced the successful closure of the Share Purchase Agreement (SPA) for the acquisition of promoter shareholding in NACL Industries Ltd. (NACLIND). With this transaction, Coromandel has formally acquired a controlling stake of 53% in NACL. The ongoing Open Offer to acquire up to 26% additional stake from public shareholders under the SEBI Takeover Regulations remains in process and shall follow the prescribed regulatory timelines. Following the 53% stake acquisition, Mr. Natarajan Srinivasan, Mr. S Sankarasubramanian and Dr. Raghuram Devarakonda have joined the Board of NACL Industries today. In addition, the Board of NACL Industries Ltd., at its meeting held today, approved the appointment of Dr. Raghuram Devarakonda as Managing Director & CEO. He previously served as Executive Director, Crop Protection, Bio Products and Retail businesses at Coromandel and brings with him extensive leadership experience and deep domain expertise across the value chain. Commenting on the development, Arun Alagappan, Executive Chairman of Coromandel International, said: 'We are pleased to welcome NACL Industries Ltd. into the Coromandel and the larger Murugappa family. This acquisition aligns with our long-term strategic roadmap to enhance our presence in the agri solutions space. With the new leadership team in place, we are confident that NACL will accelerate its journey of innovation and growth.'
News18
10 hours ago
- News18
Technocraft Ventures files IPO papers with Sebi, to raise funds via public issue
Agency: PTI New Delhi, Aug 9 (PTI) Technocraft Ventures, a wastewater treatment solutions provider, has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial share sale. The initial public offering (IPO) is a combination of fresh issuance of up to 95.05 lakh equity shares and an offer for sale of up to 23.76 lakh shares by promoter Kartikey Constructions, as per the draft red herring prospectus (DRHP) filed on Friday. The net proceeds from the fresh issue to the tune of Rs 138 crore will be utilised to fund the working capital requirements of the company and the balance for general corporate purposes, according to the draft papers. Incorporated in 1998, Technocraft Ventures is a multidisciplinary public infrastructure development company engaged in the execution of turnkey engineering, procurement and construction contracts, including wastewater treatment, operation and maintenance of public utilities, electrical transmission and distribution networks. The Gautam Budha Nagar-based company has executed projects under key central and state-sponsored schemes, including the Atal Mission for Rejuvenation and Urban Transformation, Namami Gange Programme and Pradhan Mantri Gram Sadak Yojana. It also has experience in implementing infrastructure projects funded by multilateral agencies such as the Asian Development Bank. As of June 30, 2025, Technocraft's order book for ongoing projects was Rs 685.83 crore. Further, it is executing four ongoing projects worth Rs 383.86 crore under the joint ventures. The company competes with reputed players such as Denta Water, VA Tech Wabag, EMS Ltd, and Enviro Infra Engineers. The company reported revenue from operations of Rs 279.56 crore and profit after tax of Rs 28.20 crore in FY25. The shares of the company are proposed to be listed on the BSE and the NSE. Khambatta Securities is the sole book running lead manager while Bigshare Services is the registrar for the IPO. PTI HG TRB view comments First Published: August 09, 2025, 16:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
10 hours ago
- Mint
SME IPOs hit an eight-month high, industrial sector leads in listings: NSE Market Pulse
New Delhi [India], : Small and medium enterprise initial public offerings on the NSE Emerge platform surged to an eight-month high in June, marking robust investor interest across sectors and geographies, according to the latest NSE Market Pulse report for June 2025. The initial public offering refers to the process by which companies sell their shares to the public to raise equity capital from investors. A total of 21 companies debuted on the exchanges during the month six on the Mainboard and fifteen on the SME-focused Emerge platform. In terms of sectoral activity, the industrial sector led with 13 companies collectively raising ₹ 2,176 crore, followed by the consumer discretionary segment, which saw eight companies mobilising ₹ 9,033 crore the highest among sectors. The energy sector, though smaller in terms of the number of listings, stood second in IPO proceeds, with two companies raising ₹ 2,873 crore. Regionally, Gujarat and Maharashtra topped the charts with nine listings each, the NSE monthly report said. Gujarat-based companies raised ₹ 3,374 crore, slightly ahead of Maharashtra's ₹ 3,300 crore. The National Capital Territory of Delhi, despite only four listings, recorded the highest proceeds among states at ₹ 3,657 crore. On the Mainboard, fresh capital accounted for 83 per cent of the total issue size, with the remaining 17 per cent through offers for sale . This was lower than the 93 per cent fresh equity seen in May but significantly higher than June 2024, when fresh issuances comprised just 40 per cent. For 2024-25 overall, Mainboard IPOs saw fresh issuances at only 35 per cent, with OFS dominating at 65 per cent. In contrast, the SME Emerge platform continued to be driven by new equity capital. Fresh issuances constituted 96 per cent of total proceeds in 2025-26 so far , up from 94 per cent in 2024-25. Performance on listing day was mixed twelve Emerge companies posted gains, two recorded losses, and one remained unchanged. On the Mainboard, two companies posted listing gains, three opened below issue price, and one debuted flat. This article was generated from an automated news agency feed without modifications to text.
