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M&B Engineering IPO
Price Band
₹366.0–385.0
Issue Size
₹650.0 Cr
Lot Size
38 shares
Min Investment
₹14,630
GMP
+₹55.0 (14.29%)
Issue Price
₹385.0
Subject to Sauda
₹1600
Paid only if allotted
M&B Engineering IPO AI Summary
- M&B Engineering IPO is listed on BSE, NSE in the Civil Construction sector.
- Price band: ₹366.0–₹385.0 per share, lot size 38 shares (min. investment ₹14,630).
- Subscription window: 30 Jul–01 Aug 2025, listing on 06 Aug 2025.
- Current GMP is +₹55.0 (14.29%), an estimated listing price of ₹440 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
M&B Engineering IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Aug 2025 — not a current signal.
3 of 3 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
M&B Engineering IPO Grey Market Premium (GMP) Today
GMP
+₹55.0
GMP %
+14.29%
Est. Listing
₹440.0
Updated: 25 Jul 2026 14:13
About the Company
Incorporated in 1981, M&B Engineering Limited is engaged in the business of Pre-Engineered Buildings and Self-Supported Roofing solutions. They manufactures and installed self-supported steel roofing solutions in India. The Company offers design-led manufacturing solutions, providing design, engineering, manufacturing, and testing to ensure reliable, safe, and high-performance structures, specializing in pre-engineered buildings, structural steel, and steel roofing. The Company has provided solutions to customers across various sectors, including general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways. The Company operates two manufacturing facilities in Sanand, Gujarat, and Cheyyar, Tamil Nadu, with a combined PEB capacity of 103,800 MTPA. Sanand started in 2008, Cheyyar in 2024. The Company exports PEBs and structural steel components to 22 countries, including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles since Fiscal 2010. Services: Phenix division: The company’s Phenix Division offers integrated manufacturing solutions, including design, engineering, and production of PEBs, using advanced software and equipment to ensure efficiency, quality, and cost-effectiveness in customer projects. Proflex Division: Through its Proflex Division, the company manufactures and installs self-supported steel roofing using mobile units at customer sites, producing panels, seaming them, and installing with cranes after civil structure completion. The company has executed 9,500+ projects until Fiscal 2025 under Phenix and Proflex divisions. Products: Phenix Division: The company manufactures PEBs, including primary structural components (frames, columns), secondary components (purlins, girts), claddings (pre-painted galvalume, PPGL), and standing seam roofs with various coatings. Proflex Division: Roof with Reinforced Cement Concrete (RCC) Structure, Roof with Steel Structure and L Section Roof. Competitive Strenghths: One of the players in terms of installed capacity in the domestic PEB industry with presence in international markets and market leader in the domestic self-supported roofing industry. They provide a wide range of specialised products and services, making us a comprehensive solution provider for our customers. Relationships with customers across a diverse set of industries with an order book of Rs 8,428.38 million as of June 30, 2025. Strategically located manufacturing facilities for PEBs with comprehensive in-house design and engineering capabilities and 14 mobile manufacturing units for self-supported roofing systems.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 849.21 | 633.11 | 558.79 |
| Total Income | 996.89 | 808.26 | 889.00 |
| Profit After Tax | 77.05 | 45.63 | 32.89 |
| EBITDA | 126.38 | 79.62 | 66.43 |
| NET Worth | 306.53 | 233.03 | 180.51 |
| Reserves and Surplus | 256.53 | 183.03 | 160.51 |
| Total Borrowing | 186.13 | 204.84 | 148.75 |
Key Ratios
EPS
₹15.41
NAV
₹61.31
ROE
25.13%
ROCE
24.80%
RoNW
25.14%
P/B Value
6.28
P/E Ratio
24.98
Market Cap
₹2200.00 Cr
PAT Margin
7.73%
Debt/Equity
0.33
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Interarch Building Products | 451.56 | 14.35% | 33.69 | 68.51 | 68.03 |
| Everest Industries | 377.13 | -0.6% | — | -2.28 | -2.28 |
| BirlaNU | 1606.51 | -2.72% | — | -43.63 | -43.63 |
| Bansal Roofing Products | 25.13 | 16.71% | 28.39 | 4.2 | 4.2 |
| Pennar Industries | 73.99 | 11.96% | 25.23 | 8.84 | 8.84 |
| M & B Engineering This IPO | 61.31 | 25.14% | — | 15.41 | 15.41 |
Promoters
Girishbhai Manibhai Patel, Chirag Hasmukhbhai Patel, Malav Girishbhai Patel, Birva Chirag Patel, Vipinbhai Kantilal Patel, Aditya Vipinbhai Patel, Leenaben Vipinbhai Patel, Chirag H Patel Family Trust, Vipin K Patel Family trust, MGM5 Family Trust, MGM11 Family Trust and Aditya V Patel Family Trust
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at the Manufacturing Facilities 130.58 2 Investment in IT software upgradation by the Company 5.20 3 Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by the Company 58.75 4 General Corporate Purposes 80.47 5 Issue Expenses 37.05 Total 312.05
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹889.00 Cr for the period ending 31 Mar 2023, increasing to ₹808.26 Cr by 31 Mar 2024, and further rising to ₹996.89 Cr by 31 Mar 2025. This indicates a growth trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹32.89 Cr for the period ending 31 Mar 2023, which increased to ₹45.63 Cr by 31 Mar 2024, and further rose to ₹77.05 Cr by 31 Mar 2025. This shows a consistent increase in profitability over the reported periods.
Valuation
Priced at a P/E ratio of 24.98 at the issue price, M&B Engineering's implied P/E is lower than peers like Interarch Building Products at 33.69 and Bansal Roofing Products at 28.39.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the extra amount investors are willing to pay over the issue price of an IPO before it officially lists on the stock exchange. A positive GMP suggests that the market expects the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their portfolio diversification and risk tolerance. It's essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with the construction sector's cyclical nature may want to avoid this IPO. It's crucial to assess one's investment strategy and market outlook before participating.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the stock. Investors should be prepared for the possibility of volatility on the listing day.
This evaluation is generated from M&B Engineering's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is M&B Engineering IPO GMP today?
M&B Engineering IPO GMP today is +₹55.0 (14.29%), indicating an estimated listing price of ₹440. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of M&B Engineering IPO?
The price band of M&B Engineering IPO is ₹366.0–₹385.0 per share.
When does M&B Engineering IPO open and close?
M&B Engineering IPO opens on 30 July 2025 and closes on 01 August 2025.
When does M&B Engineering IPO list on the stock exchange?
M&B Engineering IPO listed on 06 August 2025 at ₹440.0.
What is the lot size for M&B Engineering IPO?
The lot size for M&B Engineering IPO is 38 shares, requiring a minimum investment of ₹14,630.
What is the lot size for M&B Engineering's IPO?
The lot size for M&B Engineering's IPO is 38 shares.
What is the minimum investment required?
The minimum investment required is ₹14,630.
What is the price band for the IPO?
The price band for the IPO is ₹366.0 to ₹385.0.
When is the listing date for the IPO?
The listing date for the IPO is August 6, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium on the issue price before the stock lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2025
Close
01 Aug 2025
Allotment
04 Aug 2025
Listing
06 Aug 2025
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