Overview
- The ₹650 crore issue consisted of a ₹275 crore fresh equity sale and a ₹375 crore offer-for-sale by promoters priced between ₹366 and ₹385 per share, valuing the company at about ₹2,200 crore.
- Bidding closed with 36.2 times overall subscription, driven by 38.24x demand from NIIs, 36.72x from QIBs and 32.55x from retail investors.
- Anchor investors committed roughly ₹292 crore ahead of the public launch, underscoring strong pre-IPO interest.
- Proceeds from the fresh issue will fund equipment and machinery upgrades, debt repayment, working capital needs and general corporate purposes to support capacity expansion.
- M&B Engineering posted FY25 revenue of ₹988 crore and net profit of ₹77 crore with an order book exceeding ₹840 crore, serving clients including Adani Group, Tata Advanced Systems and Alembic Pharma.