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MBEL IPO

M&B Engineering Limited

IPO Doc

Start Date30-07-2025

Application Timing10am-5pm

Price Range₹366 - ₹385

Min Qty38

Min. Investment₹13908

Listing DateNA

Close Date01-08-2025

About M&B Engineering Limited

M&B Engineering Ltd., incorporated in 1981, is a well-established player in India’s Pre-Engineered Buildings (PEBs) and self-supported steel roofing solutions industry. The company provides design-led manufacturing services, covering design, engineering, fabrication, and installation of advanced steel structures tailored for a variety of industries such as general engineering, warehousing, logistics, food & beverages, textiles, and railways.

Operating through two main divisions Phenix (for PEBs and structural steel) and Proflex (for mobile self-supported roofing solutions) the company has executed over 9,500 projects till FY2025. It has two strategically located manufacturing facilities: one in Sanand, Gujarat, operational since 2008, and another in Cheyyar, Tamil Nadu, commenced in 2024, with a combined annual capacity of 1,03,800 MTPA.

The company also exports its products to 22 countries, including the USA, Brazil, South Africa, and Qatar, showcasing its global footprint in structural engineering.

Why To Invest in M&B Engineering Limited

Strong Industry Presence: One of the top players in India’s PEB segment and a market leader in self-supported steel roofing systems.

Diverse Client Base: Serving sectors like logistics, power, F&B, textiles, and more with long-standing relationships and an order book of Rs. 842.83 crore as of June 30, 2025.

Strategic Expansion: Operational capacity enhanced with a new facility in Tamil Nadu and 14 mobile roofing units across India.

Robust Financial Growth: Revenue jumped 23% YoY and PAT surged 69% in FY25.

Healthy Financials: Low debt-equity ratio (0.33), strong ROE (25.13%), and EBITDA margin of 12.78%.

IPO Utilization Plan: Focused on capex, loan repayment, and IT upgrades signalling long-term business growth and efficiency.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	849.21	633.11	558.79
Revenue	996.89	808.26	889.00
Profit After Tax	77.05	45.63	32.89
EBITDA	126.38	79.62	66.43
Net Worth	306.53	233.03	180.51
Reserves and Surplus	256.53	183.03	160.51
Total Borrowing	186.13	204.84	148.75

Strengths And Risks

Market Leadership in Niche Segments: M&B Engineering holds a leading position in the self-supported steel roofing industry and has a robust presence in the Pre-Engineered Buildings (PEB) segment, giving it a competitive edge in specialized infrastructure solutions.

End-to-End Integrated Solutions: The company offers comprehensive solutions from design to manufacturing and installation, supported by in-house engineering teams and mobile manufacturing units, ensuring on-site efficiency and faster project execution.

Expanding Global Footprint: Since FY2010, the company has successfully exported structural components to 22 countries, including the USA, South Africa, Qatar, and Brazil, reflecting its growing international reach.

Strong Financial Performance: The company has shown 23% revenue growth and 69% rise in PAT in FY2025. Margins also improved, reflecting operational efficiency and scalable business practices.

Technological Capabilities: With advanced machinery and software tools, M&B Engineering ensures high manufacturing precision, quality control, and cost-effectiveness in project delivery.

Healthy Order Book: As of June 30, 2025, the company reported a confirmed order book worth Rs. 842.83 crore, offering strong revenue visibility for upcoming quarters.

High Valuation Concerns: The IPO is priced at a post-issue P/E ratio of 28.55x, which may seem stretched compared to some listed industry peers, potentially affecting investor sentiment.

Volatility in Raw Material Prices: Being in the steel-intensive construction segment, the company is vulnerable to fluctuations in steel prices, which may impact profit margins if not managed effectively.

Intense Market Competition: The company operates in a highly competitive infrastructure and engineering industry, facing pressure from both domestic and global players offering similar solutions.

Sectoral Revenue Dependence: A significant portion of revenue is dependent on a few key industry verticals, like logistics and warehousing. A slowdown in these sectors could impact growth.

Forex and Export-Linked Risks: With international exposure, the company is subject to foreign exchange rate fluctuations, and any adverse changes in export regulations or trade policies may affect overseas profitability.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

Attention Investors:

Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
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Trading in leveraged products like options without proper understanding could lead to losses. Please trade at your own risk.
Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks could lead to losses.
Dealing in unsolicited tips through WhatsApp, Telegram, YouTube, Facebook, SMS, calls, etc should be avoided.
Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers should be avoided.

Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
Please refer to the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Don'ts issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
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Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual Funds are not an approved product of the Exchanges and any dispute related to this will not be dealt at Exchange platform. ACSPL is a Mutual fund distributor/s registered for Mutual Funds.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents

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MBEL IPO

About M&B Engineering Limited

Why To Invest in M&B Engineering Limited