M & B Engineering shares see a flat listing at ₹385 on the NSE and trade range-bound thereafter
Published on 06/08/2025 10:10 AM
M & B Engineering shares saw a flat listing at ₹385 on the NSE on Wednesday. The shares, though, declined slightly post listing; however, they recovered too.
M & B Engineering's share price got listed at ₹385 on the NSE on Wednesday at par with the upper end of the IPO price. M & B Engineering's IPO price band had been set at ₹385.
The M & B Engineering shares post listing, however, saw a decline, though they also recovered . Overall, the M & B Engineering shares remained range-bound thereafter between highs of ₹407.60 and lows of ₹373.50.
M & B Engineering shares list below investor expectations.
M & B Engineering shares saw a listing much below investor expectations, as was indicated by the GMP. M & B Engineering IPO GMP, or Grey Market Premium, stood at +55 as per investorgain.com data. This meant that the shares of M & B Engineering were trading with an ₹55 premium over the upper band of the issue price of ₹385 in the grey market. This also means that investors are expecting a listing of M & B Engineering shares with a 14.29% premium over the upper band of the issue price and at ₹440. Clearly the listing of M & B Engineering shares on the NSE on Wednesday was below the investor expectations.
M & B Engineering IPO saw strong investor interest
M&B Engineering IPO was subscribed 38.11 times. By August 1, 2025, the public offering had been subscribed 34.36 times in the retail category, 38.63 times in the QIB category, and 40.22 times in the NII category.
The bookbuilding of M&B Engineering's IPO was valued at ₹650.00 crores. The offering consisted of an offer to sell 0.97 crore shares worth ₹375.00 crores and a new issue of 0.71 crore shares for ₹275.00 crores.
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