The M&B Engineering IPO is opening for subscription from July 30 to August 1, 2025, with a price band of ₹366 to ₹385 per share, aiming to raise approximately ₹650 crore through a combination of a fresh issue and offer for sale. Established in 1981, M&B Engineering is a leading Indian manufacturer specializing in pre-engineered buildings (PEBs) and self-supported steel roofing systems. The company operates two manufacturing facilities in Gujarat and Tamil Nadu, serving diverse industrial sectors domestically and internationally. The M&B Engineering IPO presents exposure to a niche industrial manufacturing company with a strong market footprint and growth potential.
₹45
₹385
₹385.00
Expert Opinions
The M&B Engineering IPO is generating positive market sentiment as investors recognize its strong position in the niche pre-engineered buildings (PEBs) and steel roofing systems sector. The company’s strengths include established manufacturing facilities in Gujarat and Tamil Nadu, a healthy order book of ₹842.84 crore, and a loyal customer base with repeat customers contributing over 57% of FY 2025 revenue. Financially, the company reported a robust Return on Equity (ROE) of 25.13%, Return on Capital Employed (ROCE) of 24.80%, and a Net Asset Value (NAV) of ₹61.31 in FY 2025, reflecting efficient capital use and solid profitability.
Risks involve sector cyclicality, competition, and dependence on industrial and infrastructure demand, which can influence business cycles. From a long-term investment perspective, the M&B Engineering IPO presents an attractive opportunity for investors seeking exposure to an established player in the growing industrial infrastructure space with consistent financial performance and promising growth potential.
Investor Considerations
The M&B Engineering IPO presents a company with solid performance and strong fundamentals, reporting a 23% revenue growth to ₹996.89 crore in FY 2025, and a PAT of ₹77.05 crore with a 7.73% margin. The Price to Book Value stands at 6.28, accompanied by a conservative debt-to-equity ratio of 0.33, reflecting efficient capital management. The company operates in the growing pre-engineered buildings (PEBs) and steel roofing sector, benefiting from increased demand in industrial and infrastructure projects.
Growth prospects include expanding order book, capacity utilization, and strong customer retention with over 57% repeat business. Risks stem from sector cyclicality, economic slowdowns, and competition. This IPO suits long-term investors targeting steady appreciation aligned with industrial growth, while short-term investors should be cautious of market volatility and sector dynamics. The M&B Engineering IPO offers exposure to a niche manufacturing firm with promising growth potential and sound financial health.
FAQs
The Grey Market Premium showed poor accuracy in predicting M\&B Engineering IPO’s listing performance. With a final GMP of ₹45, it projected a premium of 11.69% over the issue price of ₹385. The stock listed at ₹385, delivering no gain or loss. This resulted in a large prediction error of 11.69%, where the GMP incorrectly signaled a positive listing and significantly overestimated the actual gain, reflecting poor reliability in this case.
M&B Engineering IPO Current GMP is ₹45.
M&B Engineering IPO Expected Returns is 11.69%.
M&B Engineering IPO estimated listing price is ₹430.