Founded in 1981, M&B Engineering Limited is an Indian company engaged in pre-engineered buildings (PEBs) and self-supported steel roofing systems. With facilities in Gujarat and Tamil Nadu, and operations in both domestic and export markets, the company serves a wide range of industrial sectors through its Phenix and Proflex divisions.
IPO schedule
Issue open date
2025-07-30
Issue close date
2025-08-01
UPI mandate deadline
2025-08-01 (5 PM)
Allotment finalization
2025-08-04
Refund initiation
2025-08-05
Share credit
2025-08-05
Listing date
2025-08-06
Mandate end date
2025-08-18
Lock-in end date for anchor investors (50%)
2025-09-01
Lock-in end date for anchor investors (remaining)
2025-11-02
Financials
Financial Year Ended
March 2023
March 2024
March 2025
Total Assets
558.78
633.11
849.21
Revenue
889.0
808.2
996.88
Profit After Tax
32.8
45.6
77.04
*All figures are in ₹ Crores.
Issue size
Funds Raised in the IPO
Amount
Overall
₹650 crores
Fresh Issue
₹275 crores
Offer for sale
₹375 crores
Utilisation of proceeds
Purpose
INR crores (%)
Capital expenditure
130.57(47.27%)
Investment in IT software
5.2 (1.89%)
Repayment/prepayment of outstanding borrowings
58.75 (21.36%)
General corporate purposes
Strengths
Leading PEB player with strong domestic and global presence.
Market leader in self-supported roofing systems in India.
Diverse product offerings with end-to-end customer solutions.
Strong order book and relationships across multiple industries.
Strategically located facilities with in-house design expertise.
Risks
Heavy reliance on PEB business for revenue generation.
Low capacity utilisation at Cheyyar facility affects profitability.
Business heavily relies on repeat orders from few customers.
Dependence on third-party contractors risks timely project execution.
Unregistered trademarks could weaken brand identity and protection.