M&B Engineering IPO opens July 30 at ₹366–385/share to raise ₹650 cr. Grey Market Premium stands at ₹34 (~9% upside), hinting a ₹419 listing. Read full IPO details, GMP trend, financials, strengths, risks & FAQs.
🚀 IPO Snapshot & GMP Highlights
- Price Band: ₹366–₹385 per share
- IPO Size: ₹650 cr (₹275 cr fresh issue + ₹375 cr OFS by existing shareholders) NDTV Profit+15Business Standard+15IPO Watch+15
- Anchor Investors: Raised ₹292 cr by allocating ~75.7 lakh shares at ₹385/share across 24 institutional buyers mint
- Public Offer Window: July 30 – August 1, 2025; lot size of 38 shares (~₹14,630 at upper band) Goodreturns+4mint+4ultra+4
- Grey Market Premium (GMP): ₹34 per share (approx. 8.83% premium over ₹385), placing projected listing near ₹419 NDTV Profit+15mint+15Daijiworld+15
📊 GMP & Listing Outlook
At ₹34 GMP, implied listing price = ₹385 + ₹34 = ₹419/share. That’s about 9% premium, which is a modest but healthy indicator of sentiment. GMP earlier ranged around ₹42 (~11%), showing mild moderation ahead of IPO start. IPO WatchDaijiworld
Company Strengths & ⚠ Key Risks
✅ Strengths
- Market leader in PEB & roofing: Completed over 9,500 projects. Operates certified manufacturing facilities in Gujarat (Sanand) and Tamil Nadu (Cheyyar) The Economic Times+7investorzone.in+7tradebrains.in+7
- Strong client base: Includes names like Adani Group, Tata Advanced Systems, Haldiram, and others investorzone.in+2Goodreturns+2The Economic Times+2
- Robust financials: FY25 revenue ₹997 cr (+23% YoY), PAT ₹77 cr (+69%), RoNW ~25% and EPS ~₹15.41 per share tradebrains.in+1Goodreturns+1
- Use of IPO proceeds: Major spends include ₹131 cr for capex, ₹59 cr to repay debt, and ₹5 cr for IT upgrade—supporting growth and leverage reduction The Economic Times+5Goodreturns+5tradebrains.in+5
⚠ Risks
- Moderate GMP (~9%) suggests limited listing pop compared to high‑premium IPOs.
- Investor appetite slow on Day 1: Only ~2% subscription by mid‑morning on Day 1 indicates cautious demand. The Economic Times+2mint+2The Economic Times+2
- Cyclicality: Business sensitive to infrastructure and industrial capex cycles.
- Valuation: P/E around 29×–36× of FY25 earnings—premium valuation needs justification over earnings growth trends Goodreturnstradebrains.in
📅 IPO Timeline
| Event | Date |
|---|---|
| IPO Open | July 30, 2025 |
| IPO Close | August 1, 2025 |
| Allotment Finalisation | August 4, 2025 |
| Refunds & Demat Credit | August 5, 2025 |
| Listing on NSE/BSE | August 6, 2025 |
🙋 FAQs
Q1: What is the current GMP for M&B Engineering IPO?
As of July 29, GMP is ₹34/share (~8.8% premium over ₹385) with earlier highs near ₹42. Estimated listing price: ~₹419. Goodreturns
Q2: How strong is subscription so far?
Day 1 subscription by late morning was only ~2%, pointing to cautious early interest from investors. The Economic Timesmint
Q3: Who are the lead managers and registrar?
Equirus Capital and DAM Capital are the book-running lead managers; MUFG Intime India Pvt Ltd serves as registrar. investorzone.inmoneycontrol.com
Q4: Should I invest based on GMP?
GMP offers indicative sentiment but isn’t a regulated metric or guarantee. Consider company fundamentals, valuation, and growth prospects before applying.
📝 Final Thoughts
The launch of M&B Engineering’s ₹650 crore IPO shows credible grey market interest (₹34 GMP ~9%) and anchor investor participation. With leadership in the PEB/roofing sector, strong client relationships, and healthy margins, the stock looks fundamentally sound—though short-term listing returns seem modest.
If you’re aiming for long-term gains via infrastructure and industrial growth stories, this may be worth a look. But if you’re chasing high listing pops, the GMP indicates limited upside. A balanced, risk-aware approach is advised, meri jaan 😊
⚠️ Disclaimer
This blog is for informational purposes only and not financial advice. GMP is speculative and unregulated; actual listing may differ. Always consult a SEBI‑registered advisor before investing.
