M&B Engineering Ltd IPO Opens 30 July - Check GMP, Allotment Status

M&B Engineering Ltd has received approval to proceed with an IPO. The company is based in Ahmedabad, Gujarat, and is a prominent engineering solutions provider specializing in construction and infrastructure projects. The company has shown consistent growth trajectory and analysts believe there is considerable room for expansion in India's growing infrastructure sector. The IPO price is ₹385 per share for its ₹650.00 crore IPO, and looks to be a solid investment opportunity now, as the company appears to be well positioned to capitalize on India's infrastructure development boom and growing construction demand.

The M&B Engineering IPO GMP today is showing a ₹58 (15.06%) premium in the grey market. This indicates that investors are willing to pay ₹58 over the IPO price and indicates substantial demand from the initial investing public. The grey market premium shows that there is strong investor confidence for this engineering solutions company IPO.

IPO Dates for M&B Engineering Ltd

The M&B Engineering Ltd IPO is set to open on July 30, 2025, and close on August 1, 2025. The Board of Allotment (BoA) date is expected to be August 4, 2025, with listing planned for August 6, 2025.

IPO Details Summary

The minimum bid is 38 shares for ₹14,630 for retail investors. Investors are watching very carefully the GMP of M&B Engineering IPO, and the grey market premium is showing 15.06% gain, indicating excellent demand from investors. This is one of the most anticipated IPOs in the engineering and construction sector.

About M&B Engineering Ltd

M&B Engineering Ltd., based in Ahmedabad, Gujarat, is a leading engineering solutions provider in India's construction and infrastructure sector. M&B Engineering has established itself as a reliable partner for complex engineering projects, providing comprehensive solutions across various industrial and infrastructure segments.

The Company operates in the engineering services segment offering services in project management, construction solutions, infrastructure development and technical consulting to government bodies, private enterprises, and institutional clients across India. The Company offers a range of engineering services and solutions to diverse clients including individual project developers and large institutional contractors.

MUFG Intime India Private Limited (Link Intime) is the registrar of M&B Engineering IPO. The Company is raising ₹650.00 crores through this IPO. The proceeds from the fresh issue will be used for capacity expansion, technology upgrades, working capital requirements and general corporate purposes. Given the growth of infrastructure development in India and the increasing focus on engineering excellence, M&B Engineering is very well positioned to take advantage of India's evolving infrastructure ecosystem.

Financial Performance of M&B Engineering Ltd

The company has shown strong revenue performance and maintained healthy profitability in the expanding engineering and construction sector.

Performance Analysis

M&B Engineering Ltd delivered strong financial results showing resilience and growth capability. The company successfully maintained its business momentum, with revenue reaching ₹996.89 Cr in FY25 compared to ₹889.00 Cr in FY23, demonstrating a 12.1% growth over the two-year period. After-tax profit showed remarkable improvement from ₹32.89 Cr to ₹77.05 Cr, representing a substantial 134.3% increase, indicating excellent operational efficiency and margin expansion.

EBITDA also showed consistent growth from ₹66.43 Cr to ₹126.38 Cr, denoting improved operations and effective cost management in the engineering business. M&B Engineering evidenced solid asset growth moving from ₹558.79 Cr to ₹849.21 Cr, an increase of 52.0%, demonstrating significant investments in infrastructure and expansion capabilities.

Net worth also grew substantially to ₹306.53 Cr from ₹180.51 Cr, indicating a strong capital structure with good internal earnings generation. The company maintains moderate debt levels with total borrowings of ₹186.13 Cr, showing balanced financial management. M&B Engineering has demonstrated strong financial discipline while growing and has positioned itself well for continued growth in India's infrastructure development sector.

IPO Share Reservation

The IPO share allocation follows standard SEBI rules for mainboard listings:

Strengths

1. Revenue Stability:
Revenue maintained at ₹996.89 Cr in FY25, demonstrating a stable market position in the engineering business and consistent demand for services.

2. Profit Efficiency:
PAT grew significantly from ₹32.89 Cr to ₹77.05 Cr, showing strong cost efficiencies and improved margin performance.

3. EBITDA Expansion:
EBITDA rose from ₹66.43 Cr to ₹126.38 Cr, highlighting enhanced profitability and operational effectiveness.

4. Asset Growth:
Total assets increased from ₹558.79 Cr to ₹849.21 Cr, indicating substantial investment in infrastructure and future expansion.

5. Market Positioning:
Established engineering solutions provider with long-standing relationships across construction and infrastructure sectors.

6. Regional Advantage:
Strong operational presence in Gujarat — a critical hub for industrial and infrastructure growth in India.

7. Balanced Leverage:
Moderate debt levels with improving financial discipline in debt management.

8. Good GMP:
A solid grey market premium at 15.06% signals investor optimism about the company's IPO.

Risks

1. Project Dependency:
Revenue is highly dependent on winning and executing large projects, which can be vulnerable to delays or cancellations.

2. Competition:
Stiff competition from large established engineering firms and new entrants could impact pricing and market share.

3. Regulatory Changes:
Altering construction and environmental norms or government infrastructure policies may affect business operations.

4. Economic Sensitivity:
The company’s business is directly affected by economic cycles; a downturn may reduce infrastructure investments.

5. Working Capital:
Engineering projects are capital-intensive, posing potential liquidity and cash flow issues.

6. Client Concentration:
Heavy reliance on large clients and government contracts exposes the company to concentration and payment risks.

How to Apply for M&B Engineering IPO?

Step-by-step instructions (IPO opens July 30, 2025):

1. Log in to your broker app (Zerodha, Angel One, Groww, etc.)
2. Navigate to the IPO section and select M&B Engineering IPO
3. Click Apply
4. Enter the following:
   • Lot size (minimum 38 shares)
   • Bid price (₹385 or select Cut-Off)
   • Your UPI ID
5. Submit the application
6. Approve the UPI request in your UPI app (PhonePe, GPay, etc.)

⏰ Note: UPI approval must be completed before 5 PM on the same day or before the IPO closes on August 1, 2025.

How to Check M&B Engineering IPO Allotment Status?

You can check the IPO allotment status via NSE/BSE or the registrar portal once the allotment process begins.

On NSE/BSE:

1. Visit the official NSE or BSE website
2. Go to the IPO Allotment Section
3. Select M&B Engineering IPO
4. Enter PAN number or application number
5. Click submit to view the allotment result

On Registrar Portal:

1. Visit: MUFG Intime India
2. Select IPO allotment status
3. Choose M&B Engineering IPO
4. Enter your PAN or application number
5. Submit to check your allotment status

Company Address

Name: M&B Engineering Ltd
Address: MB House, 51, Chandrodaya Society, Opp. Golden Triangle, Stadium Post Navjivan, Ahmedabad, Gujarat, 380014
Phone: +91 79-264637
Email: compliance@mbel.in

IPO Registrar

Name: MUFG Intime India Private Limited (Link Intime)
Phone: +91 22 4918 6270
Email: ipo.helpdesk@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Address: C 101, 247 Park, L.B.S. Marg Vikhroli (West), Mumbai - 400083

Conclusion

M&B Engineering Ltd represents a solid investment opportunity in India's engineering and construction infrastructure sector. The company has shown impressive profit growth from ₹32.89 Cr to ₹77.05 Cr and maintained stable revenue performance of ₹996.89 Cr, indicating strong operational efficiency and market positioning. With its established presence in Gujarat and focus on engineering excellence, the company is well positioned to benefit from India's continued infrastructure development and construction growth.

The IPO price is ₹385 per share with an issue size of ₹650.00 Cr. The positive GMP of 15.06% shows healthy investor interest. Overall, M&B Engineering appears to be reasonably priced for a growing company in the engineering sector, with solid fundamentals and good growth prospects in India's infrastructure boom.

However, investors should consider potential risks from project dependencies, competition, and economic sensitivity to infrastructure spending cycles. For investors seeking exposure to India's engineering and construction sector through an established regional player, M&B Engineering may present a worthwhile investment opportunity.

Disclaimer : This analysis is for learning purposes and not financial advice. Please consult a financial advisor before making investment decisions.

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