
Engineering & Construction · NSE / BSE
M\&B Engineering Limited, established in 1981, is involved in the business of pre-engineered buildings (PEBs) and self-supported steel roofing solutions. The company designs, manufactures, and installs steel roofing systems across India, offering end-to-end services including design, engineering, production, and testing to deliver safe and high-performance structures. Their expertise lies in pre-engineered buildings, structural steel, and steel roofing, catering to a wide range of sectors such as general engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways. M\&B Engineering operates two manufacturing units—one in Sanand, Gujarat (established in 2008) and another in Cheyyar, Tamil Nadu (set up in 2024), with a combined PEB production capacity of 103,800 metric tons per annum. Since 2010, the company has exported its products to 22 countries, including the USA, Brazil, South Africa, Qatar, Sri Lanka, Morocco, Nigeria, Kenya, and Seychelles. The company functions through two divisions. The Phenix Division offers integrated manufacturing services for PEBs, using modern technology and equipment to ensure quality and cost-efficiency. The Proflex Division specializes in on-site production and installation of self-supported steel roofing, using mobile units to manufacture panels, seam them, and install them after the civil structure is ready. Together, both divisions have completed over 9,500 projects by Fiscal 2025. In terms of products, the Phenix Division manufactures primary structural components like frames and columns, secondary elements such as purlins and girts, as well as claddings like pre-painted galvalume sheets and standing seam roofs. The Proflex Division provides roofing solutions for different types of structures, including those with reinforced cement concrete, steel frameworks, and L-section roofs.
Price Band
₹366 – ₹385
Issue Size
₹650 Cr
Lot Size
38 shares
GMP
+14.3%
Est. Listing
₹440
at current GMP
Subscribed
38.08x
overall
Open
30 Jul 2025
Close
1 Aug 2025
Allotment
4 Aug 2025
Refund
5 Aug 2025
Demat Credit
6 Aug 2025
Listing
6 Aug 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹385
Band: ₹366 – ₹385
Estimated Listing Price
₹440
Upper price + GMP
Lot Size
38 shares
Min investment ₹14,630
Estimated Profit / Lot
₹2,090
38 × ₹55
Grey Market Premium trend
+₹55
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹55 | 14.3% | ₹440 |
| 30 Oct 2026 | +₹55 | 14.3% | ₹440 |
| 29 Oct 2026 | +₹50 | 12.9% | ₹435 |
GMP is unofficial market data. Not a guarantee of listing performance.
M&B Engineering Limited is bringing an initial public offering (IPO) in the Engineering & Construction sector with an aggregate issue size of ₹650 Crores. The shares are offered at a price band of ₹366 to ₹385 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 38 shares (approx. ₹14,630 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-08-06, while un-allotted funds or UPI block mandates will be released on 2025-08-05.
The latest grey market premium for M&B Engineering Limited IPO is ₹55, which indicates an expected listing price of ₹440.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.