Company Snapshot
Founded in 1981 and headquartered in Ahmedabad, Gujarat, M&B Engineering Limited is a leading innovator in Pre-Engineered Buildings (PEBs) and self-supported steel roofing solutions. Operating under two brands—Phenix Construction and Proflex—the company delivers turnkey structural solutions spanning design, manufacturing, and installation.
As of March 2025, it boasted an installed capacity of 103,800 MTPA for PEBs and 1.8 million sq.m per annum for roofing, having successfully executed over 9,500 projects across sectors such as manufacturing, warehousing, food & beverages, power, textiles, and railways. As of FY2023, the company commanded around 75% of India’s self-supported steel roofing market, establishing it as the dominant player nationwide.
✅ Strengths & ⚠️ Risks
Strengths
- Market Dominance: Leading share in India’s self-supported roofing space and strong presence in PEBs via Phenix Construction.
- Sector Diversification: Serving key industries such as warehousing, power, rails, manufacturing, and textiles.
- Financial Momentum: Impressive growth in revenue and profitability with improving margins.
Risks
- Heavy reliance on PEB and roofing business units — limited diversification beyond core verticals.
- Underutilised capacity at newer facilities could affect profitability.
- Execution risk in meeting high-capex targets and integrating large-scale capital spending smoothly.
- Raw material volatility, particularly steel pricing, could squeeze margins if input costs rise.
M&B Engineering Ltd. IPO Timetable
| Particular | Date |
| IPO Open Date | 30 July 2025 |
| IPO Close Date | 01 July 2025 |
| Allotment Date | 04 Aug 2025 |
| IPO Listing Date | 06 Aug 2025 |
M&B Engineering Ltd. IPO Details
| Issue Type | Fresh Capital Issue |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 366 to 385 Per Equity Share |
| Market Lot | 38 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 650 Crore. |
M&B Engineering Ltd. IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 38 | Rs. 14630 |
| Maximum | 13 | 494 | Rs. 190190 |
| Small HNI (Minimum) | 14 | 532 | Rs. 204820 |
| Big HNI (Minimum) | 69 | 2622 | Rs. 1009470 |
M&B Engineering Ltd. IPO Allotment Status
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Company Financials :
| Particular | 31 March 2025 | 31 March 2024 | 31 March 2023 |
| Total Assets | 849.21 | 633.11 | 558.79 |
| Total Revenue | 996.89 | 808.26 | 889 |
| Profit After Tax | 77.05 | 45.63 | 32.89 |
Company Promoters:
Girishbhai Manibhai Patel, Chirag Hasmukhbhai Patel, Malav Girishbhai Patel, Birva Chirag Patel, Vipinbhai Kantilal Patel, Aditya Vipinbhai Patel, Leenaben Vipinbhai Patel, Chirag H Patel Family Trust, Vipin K Patel Family trust, MGM5 Family Trust, MGM11 Family Trust and Aditya V Patel Family Trust are the promoters of the company.
Objects of this Issue:
- Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at our Manufacturing Facilities.
- Investment in IT software upgradation by our Company.
- Re-payment/ pre-payment of term loans, in full or in part, of certain borrowings availed by our Company.
- General corporate purpose.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| M&B Engineering Ltd. MB House, 51, Chandrodaya Society, Opp. Golden Triangle, Stadium Post Navjivan, Ahmedabad, Gujarat, 380014 Phone: +91 79- 264637 Email: compliance@mbel.in Website: http://www.mbel.in | MUFG Intime India Private Limited (Link Intime) Phone: +91-22-4918 6270 Email: mbengg.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
