M&B Engineering to launch Rs 650-crore IPO on July 30

M&B Engineering IPO

Gujarat-based turnkey PEB and roofing solutions provider M&B Engineering has filed Red Herring Prospectus (RHP) with the Registrar of Companies on July 24 to launch its Rs 650-crore initial share sale for public subscription on July 30. Its draft papers were approved by the SEBI on June 11 this year.

The IPO consists of fresh issuance of equity shares worth Rs 275 crore, and an offer-for-sale of Rs 375 crore worth shares by promoters.

This would be the 13th initial public offering (IPO) in the mainboard segment hitting Dalal Street in current month, and would be the third public issue opening on July 30 along with NSDL, and Sri Lotus Developers.

The anchor book of the IPO will be launched for institutional investors on July 29. The offer will close for all kind of investors on August 1.

M&B Engineering will finalise IPO share allotment by August 4, followed by the listing of shares on the bourses scheduled on August 6.

The company has reserved up to 75 percent of its IPO size for qualified institutional buyers. Further, 15 percent shares are set aside for non-institutional investors, and the remainder 10 percent for retail investors.

M&B Engineering provides pre-engineered buildings (PEBs) and self-supported steel roofing solutions to several sectors including general engineering and manufacturing, food and beverages, warehousing and logistics, power, textiles, and railways. It has executed over 9,500 projects till March 2025 under its Phenix and Proflex divisions.

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It has installed capacity of 1,03,800 MTPA in PEB structures and 18 lakh square metres per annum for self-supported roofing solutions.

The company that competes with listed peers like Pennar Industries, Bansal Roofing Products, BirlaNU, Everest Industries, and Interarch Building Products will spend Rs 130.6 crore out of fresh issue proceeds for purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles.

Further, Rs 5.2 crore will be invested in information technology software upgradation, and Rs 58.8 crore will be used for repaying debt. As of May 2025, its outstanding borrowings were Rs 186.1 crore.

On the financial front, M&B Engineering has recorded profit at Rs 77 crore for the year ended March 2025, growing 68.8 percent over the previous year, and in the same period, revenue soared 24.3 percent to Rs 988.6 crore.

Equirus Capital, and DAM Capital Advisors are merchant bankers managing the M&B Engineering IPO.