
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
Overall Subscription
38.08x
Total Demand
QIB Multiplier
38.63x
Institutions & Funds
NII / HNI
40.23x
High Net-Worth
Retail (RII)
34.24x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 5,049,351 | 195,038,078 | 38.63x |
| NIB | 2,524,675 | 101,562,106 | 40.23x |
| HNIs(10L +) | 1,683,117 | 66,780,174 | 39.68x |
| HNIs (2-10L) | 841,558 | 34,781,932 | 41.33x |
| RETAIL | 1,683,117 | 57,625,784 | 34.24x |
| EMPLOYEES | 57,307 | 492,936 | 8.60x |
| Total | 11,839,125 | 456,281,010 | 38.08x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 44,293 | 1,327,992 | 29.98x |
| HNIs(10L +) | 3,164 | 24,831 | 7.85x |
| HNIs (2-10L) | 1,582 | 63,724 | 40.28x |
| EMPLOYEE | — | 6,879 | 0.00x |
| Total Applications | 49,039 | 1,423,426 | 29.03x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for M&B Engineering Limited IPO is ₹55 per equity share. Based on the upper price band of ₹366 to ₹385 per equity share, the estimated listing price is ₹440 (+14.3% expected listing gain).
With a lot size of 38 shares and current GMP of ₹55, the expected profit per application lot is approx ₹2,090 (+14.3% gain). Minimum application cost is approx ₹14,630.
The M&B Engineering Limited IPO aggregate issue size is ₹650 Crores with an equity price band set at ₹366 to ₹385 per equity share. The retail lot size is 38 shares requiring a minimum capital outlay of approx. ₹14,630.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 38.08x (Retail: 34.24x, QIB: 38.63x, NII: 40.23x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-08-04. Investors can verify status using PAN card or application number.
M&B Engineering Limited shares are scheduled to list on NSE and BSE on 2025-08-06.