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Economic Times
3 days ago
- Business
- Economic Times
M&B Engineering IPO set to list today. GMP indicates mild premium
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel M&B Engineering is set to make its stock market debut on August 6 amid cautious optimism from the street. The IPO, which received a healthy subscription of 38.11 times overall, is seeing a grey market premium (GMP) of around 12% ahead of its listing. This implies a possible listing price near Rs 431, as compared to the issue price of Rs 385 per Rs 650 crore public offering comprised a fresh issue worth Rs 275 crore and an offer for sale of Rs 375 crore, with a total of 1.68 crore shares being offered to the public. Bidding took place between July 30 and August 1, and allotments were finalised on August response was strong across all categories. The qualified institutional buyer (QIB) segment was subscribed 38.63 times, non-institutional investors (NII) 40.22 times, and retail investors 34.36 times. The anchor portion had earlier raised Rs 291.60 crore on July 29 from institutional investors, indicating a fair level of pre-listing confidence.M&B Engineering is a player in the pre-engineered buildings (PEBs) and self-supported steel roofing solutions space. The company provides end-to-end design-led engineering, manufacturing, and installation services under two divisions — Phenix and company has executed more than 9,500 projects till March 2025 and has clients across sectors such as logistics, textiles, power, and IPO proceeds will be used to fund capex, including new machinery and building infrastructure (Rs 130.58 crore), repay certain borrowings (Rs 58.75 crore), invest in IT upgrades (Rs 5.2 crore), and for general corporate purposes. Post-issue, the company's market capitalisation is estimated at Rs 2,200 M&B Engineering reported a 23% growth in revenue to Rs 996.89 crore and a 69% jump in PAT to Rs 77.05 crore in FY25 compared to the previous year. However, the company's top line has seen some fluctuations in recent years, with FY23 revenues having dipped compared to the GMP of 12% signals modest listing gains, long-term investor attention will likely shift to execution timelines, margin sustainability, and sectoral demand cycles, especially in infrastructure-led growth segments.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
31-07-2025
- Business
- Economic Times
M&B Engineering IPO sails through on Day 2: Check GMP, price band, and other key details
The price band for the IPO is set at Rs 366–385 per share. At the upper end, M&B Engineering's market capitalisation is estimated at approximately Rs 2,200 crore. M&B Engineering's IPO saw strong demand, fully subscribed by Day 2 with an overall subscription of 110%. Retail investors showed significant interest, subscribing 4.18 times their quota. The IPO price is set at Rs 366–385 per share, with proceeds aimed at capital expenditure and debt repayment. Brokerages are positive, citing the company's strong fundamentals and growth potential. Tired of too many ads? Remove Ads Use of Proceeds Tired of too many ads? Remove Ads Company Details Should You Subscribe? The initial public offering (IPO) of M&B Engineering was fully subscribed by Day 2 of bidding, with an overall subscription of 110% as of 11:15 am on IPO received bids for 1.08 crore shares against 97.98 lakh shares on offer. Retail investors subscribed 4.18 times their quota, while non-institutional investors (NIIs) subscribed 1.22 times. Qualified institutional buyers (QIBs) were yet to price band for the IPO is set at Rs 366–385 per share. At the upper end, the company's market capitalisation is estimated at approximately Rs 2,200 the grey market, M&B Engineering shares were quoting at a premium of Rs 54–55, implying a listing gain of about 16% over the issue net proceeds will be utilised for capital expenditure, debt repayment, and technology upgrades at the company's manufacturing units in Sanand and Cheyyar.M&B Engineering is one of the largest players in the pre-engineered buildings (PEB) and self-supported steel roofing segments, with over 9,500 completed projects and exports to 22 client portfolio includes the Adani Group, Tata Advanced Systems, and Alembic Pharma . As of June 30, its order book stood at over ₹840 crore. The company provides end-to-end project solutions including design, fabrication, and FY25, the company reported revenue of Rs 988 crore and a net profit of Rs 77 crore, with an EPS of Rs 13.5. The IPO is priced at a P/E of 28.5x based on FY25 are positive on the company's fundamentals but note that the issue appears fully priced. Anand Rathi has rated the IPO as 'Subscribe for Long Term,' citing M&B's integrated manufacturing setup, economies of scale, and export momentum, particularly in the U.S. Capital and DAM Capital Advisors are the book-running lead IPO includes a fresh issue of equity shares worth Rs 275 crore and an offer for sale (OFS) of Rs 375 crore by the promoters.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
30-07-2025
- Business
- Economic Times
M&B Engineering IPO subscribed 2% on day 1: Check GMP, price band, and other key details
M&B Engineering is one of the largest players in the pre-engineered buildings (PEB) and self-supported steel roofing segments. The IPO, open from July 30 to August 1, is priced in the range of Rs 366 to Rs 385 per share. At the upper end, M&B Engineering's estimated market capitalisation stands at Rs 2,200 crore. Proceeds will go towards capex, debt repayment, and tech upgrades at its Sanand and Cheyyar facilities. Tired of too many ads? Remove Ads M&B Engineering IPO Price Band M&B Engineering IPO GMP Tired of too many ads? Remove Ads Use of Proceeds Company Details Should You Subscribe? Tired of too many ads? Remove Ads The initial public offering (IPO) of M&B Engineering was subscribed 2% as of 10:18 am on Day 1 of bidding on IPO, open between July 30 and August 1, received bids for 2.41 lakh shares against 97.98 lakh shares on offer. Among investor categories, retail investors subscribed to 11% of their quota, while non-institutional investors (NIIs) subscribed 2%. Qualified institutional buyers (QIBs) were yet to place price band for the issue is fixed at Rs 366 to Rs 385 per share. At the upper end, the company's market capitalisation is estimated at around Rs 2,200 the grey market, M&B Engineering shares were quoting at a premium of Rs 40–43, suggesting a potential upside of around 10% over the issue net proceeds will be utilised for capital expenditure, debt repayment, and technology upgrades at the company's manufacturing units in Sanand and Cheyyar.M&B Engineering is one of the largest players in the pre-engineered buildings (PEB) and self-supported steel roofing segments, with over 9,500 completed projects and exports to 22 client portfolio includes the Adani Group, Tata Advanced Systems, and Alembic Pharma . As of June 30, its order book stood at over ₹840 crore. The company provides end-to-end project solutions including design, fabrication, and FY25, the company reported revenue of Rs 988 crore and a net profit of Rs 77 crore, with an EPS of Rs 13.5. The IPO is priced at a P/E of 28.5x based on FY25 are positive on the company's fundamentals but note that the issue appears fully priced. Anand Rathi has rated the IPO as 'Subscribe for Long Term,' citing M&B's integrated manufacturing setup, economies of scale, and export momentum, particularly in the U.S. Capital and DAM Capital Advisors are the book-running lead IPO includes a fresh issue of equity shares worth Rs 275 crore and an offer for sale (OFS) of Rs 375 crore by the promoters.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
