Pune-based M&B Engineering Ltd is set to raise ₹47 crore through a fresh issue IPO, priced between ₹366 and ₹385 per share. The industrial equipment manufacturer aims to fund its expansion, working capital, and machinery procurement. With robust FY24 financials and strong grey market sentiment, the IPO opens on July 29 and will be listed on the NSE SME platform.
M&B Engineering Ltd, headquartered in Pune, Maharashtra, operates in the industrial engineering and heavy manufacturing sector. The company specializes in the design, fabrication, and installation of high-performance process equipment for core sectors including oil & gas, chemicals, pharmaceuticals, and power generation. Known for its compliance-driven operations and quality manufacturing, MB Engineering caters to both domestic and export markets.
The company is set to launch its Initial Public Offering (IPO) on July 29, 2025, offering a total of 12.21 lakh equity shares in a book-built issue aimed at raising ₹47 crore at the upper price band of ₹385 per share. The IPO is entirely a fresh issue, with no offer-for-sale (OFS) involved.
The capital raised will be utilized for working capital requirements, purchase of plant and machinery, and general corporate purposes. The issue is a part of M&B Engineering’s larger plan to expand operations and strengthen market presence amid increasing demand for specialized industrial equipment in India’s infrastructure-led growth phase.
In FY24, the company recorded a revenue of ₹74.2 crore and a net profit of ₹7.3 crore, reflecting significant year-on-year growth. Improved operating margins, strong return on equity, and a healthy order book point to sustained financial strength and operational resilience.
The IPO has already attracted moderate grey market interest, with a grey market premium (GMP) of ₹65 per share as of July 24, suggesting positive investor sentiment for companies with exposure to India’s industrial growth story.
IPO Key Details:
- Issue Dates: July 29 to August 1, 2025
- Lot Size: 400 shares; retail investors can apply for up to 13 lots
- Allotment Date: August 2, 2025
- Listing Date: Tentatively August 6, 2025
- Lead Manager: GYR Capital Advisors Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
- Reservation: QIB (50%), NII (15%), Retail (35%)
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