31 Mar 2023
Assets558.79
Total Income889.00
EBITDA66.43
Profit After Tax32.89
NET Worth180.51
Reserves and Surplus160.51
Total Borrowing148.75
At a glance
Updated 2026-09-11M&B Engineering is a Mainboard IPO with an issue size of ₹650.00 crore, proposed for listing on BSE, NSE. The issue structure includes a fresh issue of ₹275.12 crore and an offer-for-sale component of ₹374.88 crore.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹650.00 Cr
Fresh issue₹275.12 Cr
Offer for sale₹374.88 Cr
Face value₹10
Price band₹366.00–₹385.00
Allotment4th Aug 2025
Listing6th Aug 2025
Grey market
GMP page ↗Latest GMP₹55.00
GMP / upper price14.29%
Est. listing₹440.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens30th Jul 2025
Closes1st Aug 2025
Allotment4th Aug 2025
Refund5th Aug 2025
Demat5th Aug 2025
Listing6th Aug 2025
Subscription demand
Full bidding ↗Total38.10×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 38 | ₹14,630 |
Company
Incorporated1981
Use of proceeds
| Object | Amount |
|---|---|
| Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at the Manufacturing Facilities | ₹130.58 Cr |
| Investment in IT software upgradation by the Company | ₹5.20 Cr |
| Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by the Company | ₹58.75 Cr |
| General Corporate Purposes | ₹80.47 Cr |
| Issue Expenses | ₹37.05 Cr |
| Total | ₹312.05 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue996.89₹ Cr · +23.3% vs prior year
EBITDA126.38₹ Cr · +58.7% vs prior year
PAT77.05₹ Cr · +68.9% vs prior year
Assets849.21₹ Cr · +34.1% vs prior year
Net Worth306.53₹ Cr · +31.5% vs prior year
Borrowing186.13₹ Cr · -9.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets633.11
Total Income808.26
EBITDA79.62
Profit After Tax45.63
NET Worth233.03
Reserves and Surplus183.03
Total Borrowing204.84
31 Mar 2025
Assets849.21
Total Income996.89
EBITDA126.38
Profit After Tax77.05
NET Worth306.53
Reserves and Surplus256.53
Total Borrowing186.13
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 25.13% |
| ROCE | 24.80% |
| Debt / Equity | 0.33% |
| RoNW | 25.14% |
| PAT Margin | 7.73% |
| EBITDA Margin | 12.78% |
| Price to Book Value | 6.28 |
Valuation & shareholding
Pre-IPO EPS15.41
Post-IPO EPS13.48
Pre-IPO P/E24.98
Post-IPO P/E28.55
Promoter holding pre100%
Promoter holding post70.45%
Market cap₹2200.00 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| M&B Engineering IPO | — | 28.55 x | — | — |
| Annu Projects IPO | — | 19.64 x | — | — |
| Citius Transnet IPO | — | - | — | — |
| Anantam Highways IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at the Manufacturing Facilities | ₹130.58 Cr |
| Investment in IT software upgradation by the Company | ₹5.20 Cr |
| Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by the Company | ₹58.75 Cr |
| General Corporate Purposes | ₹80.47 Cr |
| Issue Expenses | ₹37.05 Cr |
| Total | ₹312.05 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Dam Capital Advisors Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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