Latest news with #M&BEngineering
News18
2 days ago
- Business
- News18
M&B Engineering shares end over 6 pc higher after flat market debut
Agency: Last Updated: August 06, 2025, 19:00 IST Representational image (Image: News18) New Delhi, Aug 6 (PTI) Shares of M&B Engineering closed higher by 6 per cent at Rs 409.15 in the debut trade on Wednesday. The stock listed flat Rs 386 on the BSE compared to the issue price of Rs 385. During the day, it gathered momentum and climbed 8.79 per cent to Rs 418.85 against the issue price. Shares of the company finally ended at Rs 409.15, up 6.27 per cent on the exchange. On the NSE, the stock got listed at par with the issue price of Rs 385. Later, it surged 8.8 per cent to Rs 418.80 apiece in the intra-day trade. The stock ended at Rs 405.25, a gain of 5.26 per cent. At the close, the company commanded a market valuation of Rs 2,338.22 crore on the BSE. In volume terms, nearly 1.54 crore equity shares were traded on the NSE and 18.45 lakh shares changed hands on the BSE, during the day. The Rs 650-crore initial public offering (IPO) of M&B Engineering Ltd fetched 36.2 times subscription on the closing day of bidding on Friday. Last week, M&B Engineering Ltd garnered nearly Rs 292 crore from anchor investors. The issue has a price band of Rs 366-385. The Rs 650-crore IPO 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. Swipe Left For Next Video View all Proceeds from the fresh issue will be used for purchasing equipment and machinery for the company's manufacturing facilities, payment of debt, working capital requirements and general corporate purposes. M&B Engineering is one of the country's leading pre-engineered buildings and self-supported roofing providers in terms of installed capacity (103,800 MTPA related to PEB and 18,00,000 square metres per annum for self-supported roofing). PTI HG HG MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds M&B Engineering shares end over 6 pc higher after flat market debut 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. Read More
Economic Times
2 days ago
- Business
- Economic Times
M&B Engineering shares jump 9% after flat listing
Shares of M&B Engineering rose nearly 9% to Rs 418.8 on the NSE on Wednesday, despite making a flat debut earlier in the day. ADVERTISEMENT The stock opened at its issue price of Rs 385 on the NSE, while it listed at Rs 386 on the BSE, reflecting a marginal gain of 0.26%. The Rs 650 crore IPO comprised a fresh issue of Rs 275 crore and an offer for sale worth Rs 375 crore, with a total of 1.68 crore shares offered to the public. The issue was open for subscription from July 30 to August 1, and allotments were finalised on August 4. Investor interest was strong across all segments. The QIB portion was subscribed 38.63 times, non-institutional investors 40.22 times, and retail investors 34.36 times. Ahead of the listing, the company raised Rs 291.60 crore from anchor investors on July 29. Also Read: These 10 stocks delivered consistent dividend yields over the last 3 years M&B Engineering operates in the pre-engineered buildings (PEBs) and self-supported steel roofing solutions space, offering end-to-end design, manufacturing, and installation services through its Phenix and Proflex divisions. ADVERTISEMENT The company has completed over 9,500 projects as of March 2025, serving clients across logistics, textiles, power, and manufacturing from the IPO will be used for capital expenditure including new machinery and infrastructure (Rs 130.58 crore), repayment of certain borrowings (Rs 58.75 crore), IT upgrades (Rs 5.2 crore), and general corporate purposes. Post-listing, the company's market capitalisation stands at approximately Rs 2,200 crore. ADVERTISEMENT In FY25, M&B Engineering reported a 23% rise in revenue to Rs 996.89 crore and a 69% increase in net profit to Rs 77.05 crore. However, the company has seen some revenue fluctuations in recent years, with FY23 revenue declining compared to FY22. Also Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1 ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
2 days ago
- Business
- Business Standard
Shares of M & B Engineering list in B Group
The equity shares of M & B Engineering (Scrip Code: 544470) are listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities. In the pre-open session for newly listed IPO shares, the indicative price of the stock is at a premium of 1.30% over the IPO price of Rs 385.
Time of India
2 days ago
- Business
- Time of India
M&B Engineering shares jump 9% after flat listing
M&B Engineering shares rose nearly 9% on NSE post a flat listing. Its Rs 650 crore IPO saw strong demand across investor segments. The company, operating in pre-engineered buildings and roofing solutions, plans to use proceeds for expansion, debt repayment, and IT upgrades. FY25 net profit surged 69% YoY. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of M&B Engineering rose nearly 9% to Rs 418.8 on the NSE on Wednesday, despite making a flat debut earlier in the stock opened at its issue price of Rs 385 on the NSE, while it listed at Rs 386 on the BSE, reflecting a marginal gain of 0.26%.The Rs 650 crore IPO comprised a fresh issue of Rs 275 crore and an offer for sale worth Rs 375 crore, with a total of 1.68 crore shares offered to the public. The issue was open for subscription from July 30 to August 1, and allotments were finalised on August interest was strong across all segments. The QIB portion was subscribed 38.63 times, non-institutional investors 40.22 times, and retail investors 34.36 times. Ahead of the listing , the company raised Rs 291.60 crore from anchor investors on July Read: These 10 stocks delivered consistent dividend yields over the last 3 years M&B Engineering operates in the pre-engineered buildings (PEBs) and self-supported steel roofing solutions space, offering end-to-end design, manufacturing, and installation services through its Phenix and Proflex company has completed over 9,500 projects as of March 2025, serving clients across logistics, textiles, power, and manufacturing from the IPO will be used for capital expenditure including new machinery and infrastructure (Rs 130.58 crore), repayment of certain borrowings (Rs 58.75 crore), IT upgrades (Rs 5.2 crore), and general corporate purposes. Post-listing, the company's market capitalisation stands at approximately Rs 2,200 FY25, M&B Engineering reported a 23% rise in revenue to Rs 996.89 crore and a 69% increase in net profit to Rs 77.05 crore. However, the company has seen some revenue fluctuations in recent years, with FY23 revenue declining compared to Read: PNB Housing Finance, RBL Bank among 10 small-cap stocks where FIIs increased stake in Q1 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
2 days ago
- Business
- Mint
M & B Engineering shares see a flat listing at ₹385 on the NSE and trade range-bound thereafter
M & B Engineering shares saw a flat listing at ₹ 385 on the NSE on Wednesday. The shares, though, declined slightly post listing; however, they recovered too. 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 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.
