Mumbai: M & B Engineering Limited (MBEL) has announced that its ₹650 crore Initial Public Offering (MBEL IPO) will open for subscription on Wednesday, July 30, 2025, and close on Friday, August 1, 2025.
The company has set a price band of ₹366 to ₹385 per equity share with a face value of ₹10 each. The Anchor Investor Bidding will begin a day earlier, on Tuesday, July 29, 2025.
The MBEL IPO includes a fresh issue of shares worth ₹275 crore and an offer for sale (OFS) amounting to ₹375 crore by the promoter and promoter group shareholders, including Girishbhai Manibhai Patel, Chirag Hasmukhbhai Patel, and others.
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Bids can be placed for a minimum of 38 equity shares and in multiples thereafter. The issue will be listed on both NSE and BSE, with NSE designated as the lead stock exchange. The Red Herring Prospectus (RHP) has been filed with the Registrar of Companies (RoC), Gujarat, Ahmedabad.
The net proceeds from the fresh issue will be used for:
- Capital expenditure: Purchase of machinery, building upgrades, solar rooftop installation, and transport vehicles – ₹130.58 crore
- IT software upgrades – ₹5.2 crore
- Repayment/prepayment of term loans – ₹58.75 crore
- General corporate purposes
MBEL IPO Allocation Structure
- Qualified Institutional Buyers (QIBs): At least 75% of the net offer
- Up to 60% of the QIB portion reserved for Anchor Investors
- 5% of QIB allocation reserved for mutual funds
- Non-Institutional Investors (NIIs): Up to 15%
- Retail Individual Investors (RIIs): Up to 10%
- Eligible Employees: Reserved portion with applicable discount, if any
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All categories, except anchor investors, must apply via the Application Supported by Blocked Amount (ASBA) method. UPI is mandatory for retail applicants. Anchor investors cannot participate via ASBA.
Lead Managers
The MBEL IPO is being managed by Equirus Capital Private Limited and DAM Capital Advisors Limited as the Book Running Lead Managers (BRLMs).
The offering aligns with MBEL’s strategic goals of expanding its manufacturing capabilities and enhancing its operational efficiency, reinforcing its position in the Indian engineering sector.
RHP Download: Click here
