M&B Engineering IPO GMP : M&B Engineering Ltd. is making waves with its Initial Public Offering (IPO), which opened on July 30, 2025. This article dives deep into the M&B Engineering IPO, focusing on the Grey Market Premium (GMP), subscription status, allotment details, and other key information. Whether you’re new to investing or a seasoned player, this guide will help you understand why this IPO is generating buzz.
About M&B Engineering IPO
M&B Engineering Ltd. is a top company in India, known for designing, manufacturing, and installing pre-engineered buildings (PEBs) and self-supported steel roofing solutions. The company launched its IPO to raise ₹650 crores. The IPO includes:
- Fresh Issue: ₹275 crores (0.71 crore shares)
- Offer for Sale (OFS): ₹375 crores (0.97 crore shares)
The funds will help the company grow, upgrade technology, repay debts, and meet general corporate needs. The IPO is listed on the BSE and NSE, with a tentative listing date of August 6, 2025.
Key Dates for M&B Engineering IPO GMP
Here are the critical dates for the IPO process:
| Event | Date |
|---|---|
| IPO Open Date | July 30, 2025 |
| IPO Close Date | August 1, 2025 |
| Allotment Date | August 4, 2025 |
| Listing Date | August 6, 2025 |
These dates are essential for investors to track when to apply, check allotment status, and expect the shares to list on the stock exchanges.
Price Band and Lot Size M&B IPO
The IPO’s price band is set between ₹366 and ₹385 per share. Investors must apply for a minimum of 38 shares, which means:
- Minimum Investment for Retail Investors: ₹14,630 (38 shares * ₹385)
- Small HNI (sNII): 532 shares (14 lots), costing ₹204,820
- Big HNI (bNII): 2,622 shares (69 lots), costing ₹1,009,470
This structure makes the IPO accessible to both small and large investors.
Subscription Status
As of July 31, 2025, at 10:59 AM, the IPO was subscribed 1.07 times. Here’s the breakdown:
- Retail Category: Subscribed 4.1 times, showing strong demand from individual investors.
- Non-Institutional Investors (NII): Subscribed 66% on Day 1.
- Qualified Institutional Buyers (QIBs): Minimal bids so far, indicating slower participation from large investors.
The strong retail interest suggests confidence in the IPO, but the lack of QIB activity could signal caution among bigger players. You can track live subscription updates at Chittorgarh.com.
M&B Engineering IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) reflects the unofficial market’s sentiment about an IPO before it lists. For M&B Engineering IPO:
- GMP on July 30, 2025: ₹43
- Estimated Listing Price: ₹428 (₹385 + ₹43), a potential 11.17% gain
- GMP Trends:
- July 26, 2025: High of ₹67
- July 28, 2025: Low of ₹34
- July 29, 2025: ₹40
The GMP suggests positive investor sentiment, but it’s not a guaranteed predictor of listing performance. Market conditions can cause rapid changes, so investors should stay updated.
Company Overview
Founded in 1981, M&B Engineering Ltd. is a leader in the PEB and self-supported roofing industry. It operates through two divisions:
- Phenix Division: Designs and manufactures PEBs and structural steel components for industrial structures, bridges, and power plants.
- Proflex Division: Provides self-supported roofing systems with mobile units for on-site production.
The company has delivered over 1,600 PEB projects across 22 countries, including the USA, Brazil, and South Africa. Its clients include major names like Adani Group, Tata Advanced Systems, and Intas Pharmaceuticals. With a manufacturing capacity of 103,800 MTPA for PEBs and 1.8 million square meters for roofing, M&B Engineering holds a strong market position.
Financial Performance
For the financial year ending March 31, 2025, M&B Engineering reported:
- Revenue: ₹996.89 crores (up 23% from ₹808.26 crores in FY24)
- Profit After Tax (PAT): ₹77.05 crores (up 69% from ₹45.63 crores in FY24)
- EBITDA: ₹126.38 crores (up from ₹79.62 crores in FY24)
These figures highlight the company’s strong growth and profitability, making it an attractive option for investors.
How Will the IPO Funds Be Used?
The fresh issue proceeds will be used for:
- Funding capital expenditure (capex) for expansion
- Investing in IT software upgrades
- Repaying company debts
- General corporate purposes
This strategy shows M&B Engineering’s focus on growth and operational efficiency.
Anchor Investors
On July 29, 2025, M&B Engineering raised ₹291.60 crores from anchor investors by allotting 75.74 lakh shares at ₹385 each. Key investors included:
- HDFC Mutual Fund
- Kotak Mutual Fund
- WhiteOak Capital Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- Abu Dhabi Investment Authority
- Bandhan Mutual Fund
This strong backing from reputable institutions signals confidence in the company’s future.
Should You Invest?
The M&B Engineering IPO has several positive aspects:
- Strong Retail Demand: The 4.1 times subscription in the retail category shows high investor interest.
- Positive GMP: A GMP of ₹43 suggests potential listing gains.
- Solid Financials: The company’s revenue and profit growth are impressive.
- Market Leadership: M&B Engineering is a top player in PEBs and roofing solutions.
However, there are risks to consider:
- Low QIB Participation: Institutional investors have been slow to bid, which could indicate caution.
- GMP Volatility: The GMP has fluctuated significantly, reflecting market uncertainty.
- Market Risks: External factors like economic conditions could impact listing performance.
Analysts, such as those from Anand Rathi and Bajaj Broking, recommend subscribing for long-term gains due to the company’s strong fundamentals. However, investors should research thoroughly and align their decisions with their financial goals. For more details, check the company’s DRHP at SEBI.
