M&B Engineering shares make quiet debut; list almost at par versus IPO price
Published on 06/08/2025 09:56 AM
M&B Engineering shares make quiet debut; list almost at par versus IPO priceM&B Engineering IPO Listing: The listing was below grey market estimates, where shares of M&B Engineering were trading at a premium of 14.29%.By Meghna Sen August 6, 2025, 9:56:01 AM IST (Published)2 Min ReadShares of M&B Engineering, a company known for its steel roofing and pre-engineered building solutions, made a flat listing at Dalal Street on Wednesday, August 6. The stock was listed at par at ₹385 per share, at the issue price, on NSE. On BSE, the stock listed at ₹386.
The listing was below grey market estimates, where shares of M&B Engineering were trading at a premium of 14.29%.
The IPO, which received a healthy subscription of 38.11 times overall. The qualified institutional buyer (QIB) segment was subscribed 38.63 times, non-institutional investors (NII) 40.22 times, and retail investors 34.36 times.
The anchor portion had earlier raised ₹291.60 crore on July 29 from institutional investors, indicating a fair level of pre-listing confidence.
The ₹650 crore IPO comprised a fresh issue worth ₹275 crore and an offer for sale of ₹375 crore, with a total of 1.68 crore shares being offered to the public. Bidding took place between July 30 and August 1, and allotments were finalised on August 4.
M&B Engineering operates through two business divisions—Phenix and Proflex—and offers end-to-end solutions in the pre-engineered buildings (PEB) space, including design, engineering, manufacturing, and erection.
As of March 2025, the company had completed over 9,500 projects and boasted an annual installed capacity of 103,800 metric tonnes for PEB structures and 1.8 million square metres for self-supported roofing systems. The fresh capital raised will go toward funding equipment and transport vehicles at manufacturing facilities, IT upgrades, debt repayment, and general corporate purposes. Proceeds from the OFS will go to the selling shareholders.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIPO