M&B Engineering Limited Launches ₹650 Cr IPO on July 30, 2025
Price Band ₹366–₹385 | Ahmedabad Hosts Pre-IPO Media Meet
BILKULONLINE | Ahmedabad | 28 July 2025:
M&B Engineering Limited (MBEL), a leading player in industrial engineering and capital goods manufacturing, is all set to launch its Initial Public Offering (IPO) aggregating up to ₹650 crore.
The IPO will open for public subscription on Wednesday, July 30, 2025, and will close on Friday, August 01, 2025. The price band is fixed at ₹366 to ₹385 per equity share of face value ₹10 each.
The IPO comprises a fresh issue of equity shares aggregating up to ₹275 crore and an Offer for Sale (OFS) of shares worth ₹375 crore by the Promoters and Promoter Group shareholders. The Anchor Investor bidding will open a day prior, on Tuesday, July 29, 2025.
Use of Proceeds
- The net proceeds from the fresh issue will be deployed for:
- Capital expenditure for equipment, buildings, solar rooftop grid, and transport vehicles: ₹130.58 crore
- IT software upgradation: ₹5.20 crore
- Repayment/pre-payment of borrowings: ₹58.75 crore
- General corporate purposes
- Prominent Faces Speak
Speaking at the media interaction held in Ahmedabad, Malav Patel, Joint Managing Director of MBEL, said:
“This IPO marks a transformative step for M&B Engineering. It will enhance our manufacturing infrastructure, support innovation, and further strengthen our balance sheet.”
Chirag Patel, also Joint Managing Director, added: “We are focused on long-term value creation for stakeholders and this public issue will enable us to scale operations and embrace future-ready technologies.”
Sanjay Majmudar, Non-Independent Director, stated “The company has built a robust foundation over the years. With this IPO, we aim to widen our investor base and deepen our footprint across markets.”
CA Amish Patani, Senior Vice President at DAM Capital Advisors Ltd, Book Running Lead Manager to the issue, remarked, “M&B Engineering’s fundamentals, experienced management, and clear growth trajectory make it a compelling investment opportunity.”
Offer Structure
- Price Band: ₹366 – ₹385 per equity share
- Lot Size: 38 shares and in multiples thereafter
- Total Issue Size: ₹650 crore
- Fresh Issue: ₹275 crore
- Offer for Sale: ₹375 crore
- Listing: BSE & NSE (NSE is the Designated Stock Exchange)
- RHP Link: Click here
- Promoter Selling Details in OFS
- Girishbhai M. Patel: ₹153.35 crore
- Chirag H. Patel: ₹130.25 crore
- Vipinbhai K. Patel: ₹18.75 crore
- Birva C. Patel: ₹38.50 crore
- Aditya V. Patel: ₹18.75 crore
- Umaben G. Patel (Promoter Group): ₹15.40 crore
- Investor Categories & Reservation
- QIBs: Not less than 75% (60% of QIB reserved for Anchor Investors)
- Non-Institutional Investors: Up to 15% (split between ₹2L–₹10L and above ₹10L categories)
- Retail Individual Investors: Up to 10%
- Employees: Proportionate allotment under Employee Reservation Portion
- Lead Managers & Advisory
- Equirus Capital Private Limited
- DAM Capital Advisors Limited
- Important Note: All investors (except Anchor Investors) must apply through the ASBA process using their bank account or UPI.
Investors are advised to carefully read the Risk Factors (Page 28 of the RHP) before investing.
For more information, visit:www.sebi.gov.in
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