The IPO date for M&B Engineering has not been announced yet. The company plans to raise approximately ₹653 crores through a book-built issue, which includes a fresh issue of ₹325 crores and an offer for sale (OFS) of equity shares with a face value of ₹10 each. According to the DRHP, the retail investor quota is 10%, with 75% allocated to Qualified Institutional Buyers (QIBs) and 15% to High Net-Worth Individuals (HNIs). The IPO will be listed on both NSE and BSE.
M&B Engineering Limited has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹653 crores through an initial public offering (IPO). According to the DRHP, the IPO will consist of a fresh issue of equity shares worth ₹325 crores and an offer for sale (OFS) of ₹328 crores by the company’s promoters. Currently, the promoters hold a 100% stake in the company. The document also mentioned that the IPO amount may be adjusted if the company raises capital prior to the IPO launch.
M&B Engineering is a leading player in Pre-Engineered Buildings (PEB) and Self-Supported Roofing in India, with an annual production capacity of 103,800 tons for PEB and 1.8 million square meters for Self-Supported Roofing.
Additionally, the total amount has been calculated to allocate ₹63.9 crores for purchasing essential equipment and machinery for the company. Furthermore, ₹60 crores will be used to pay off the company’s debt, while ₹110 crores will be designated for working capital needs, with the remaining funds allocated for general corporate purposes.
The company is backed by careful promoters, including Aditya Patel, Chirag Hasmukhbhai Patel, Girishbhai Patel, Birva Chirag Patel, Vipinbhai Patel, Leenaben Vipinbhai Patel, and Umaben Girishbhai Patel. They are also offering shares in the Offer for Sale (OFS).
As of June 2024, M&B Engineering has completed approximately 8,700 projects across various sectors, including general engineering and manufacturing, food and beverages, warehousing and logistics, power, textiles, and railways.
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In fiscal year 2024, the company’s net profit increased significantly by 38.7%, reaching ₹45.6 crores compared to the previous year, despite facing negative reviews. This growth was driven by strong operational performance and reduced input costs and other expenses.
M&B Engineering IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
M&B Engineering Financial Report
(Amounts in ₹ Crores)
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹ 69.89 | ₹ 67.59 | ₹ 1.63 |
| 2023 | ₹ 88.90 | ₹ 84.35 | ₹ 3.29 |
| 2024 | ₹ 80.83 | ₹ 74.74 | ₹ 4.56 |
M&B Engineering IPO Valuation – FY2024
M&B Engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹9.17 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.68% |
| Net Asset Value (NAV): | ₹ 46.61 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Pennar Industries Limited | 7.29 | 23.27 | 11.22% | 64.95 | 3130.57 Cr. |
| Bansal Roofing Products Limited | 2.69 | 34.73 | 12.84% | 20.94 | 105.58 Cr. |
| HIL Limited | 46.15 | 63.12 | 2.78% | 1,661.39 | 3374.97 Cr. |
| Everest Industries Limited | 11.42 | 101.11 | 3.01% | 378.37 | 1575.45 Cr. |
| Interarch Building Products Limited | 58.68 | 21.04 | 19.40% | 308.43 | 1293.30 Cr. |
Objects of the Issue
Funding capital expenditure needs for the acquisition of equipment and machinery at our manufacturing facilities.
Repayment or pre-payment, in whole or in part, of certain borrowings incurred by our company.
Financing the working capital requirements of our company.
General corporate purposes.
IPO Lead Managers (Merchant Bankers)
Equirus Capital Private Limited
DAM Capital Advisors Limited