Overview
- The ₹650 crore offer is structured as a ₹275 crore fresh equity issue and a ₹375 crore promoter offer-for-sale.
- The IPO subscription window runs from July 30 to August 1 at a price band of ₹366 to ₹385 per share.
- 75% of shares are reserved for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.
- M&B Engineering is a leading provider of pre-engineered buildings and self-supported roofing with annual production capacities of 103,800 metric tonnes and 1.8 million square metres respectively.
- Equirus Capital and DAM Capital Advisors are the book-running lead managers for the IPO.