M & B Engineering Ltd. IPO Details
M & B Engineering Ltd. was incorporated on June 16, 1981. The business is structured into two divisions: the Phenix division, which offers comprehensive solutions for PEBs and complex structural steel components, and the Proflex division, providing self-supported steel roofing solutions. They deliver turn-key solutions, including project design, engineering, manufacturing, and erection, tailored to customer needs in industrial and infrastructure sectors
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹6,530.0 M | DRHP DOC |
M & B Engineering Ltd. issue details
M & B Engineering Ltd. IPO issue size is ₹ 6,530.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
M & B Engineering Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
M & B Engineering Ltd. NUMBER OF SHARES ON OFFER
M & B Engineering Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 456.3 | 7,950.6 | 52.0 | -663.7 | 10.0% |
| FY23 | 328.9 | 8,804.7 | 289.7 | 110.4 | 7.5% |
| FY22 | 163.1 | 6,882.3 | 366.7 | 291.7 | 6.1% |
M & B Engineering Ltd. INFORMATION ON IPO ISSUE
About M & B Engineering Ltd.
M & B Engineering Ltd. was incorporated on June 16, 1981. The business is structured into two divisions: the Phenix division, which offers comprehensive solutions for PEBs and complex structural steel components, and the Proflex division, providing self-supported steel roofing solutions. They deliver turn-key solutions, including project design, engineering, manufacturing, and erection, tailored to customer needs in industrial and infrastructure sectors
Object of the Issue
- Funding the capital expenditure requirements for the purchase of equipment and machinery at the manufacturing facilities
- Re-payment or pre-payment, in full or in part, of certain borrowings availed by the company
- Funding the working capital requirements of the company
- General corporate purposes
M & B Engineering Ltd. - PROMOTERS
| Name |
|---|
| Girishbhai Manibhai Patel |
| Chirag Hasmukhbhai Patel |
| Malav Girishbhai Patel |
| Birva Chirag Patel |
| Vipinbhai Kantilal Patel |
| Aditya Vipinbhai Patel |
| Leenaben Vipinbhai Patel |
M & B Engineering Ltd. Book Running Lead Manager
Equirus Capital Private Limited
mb@equirus.com
DAM Capital Advisors Limited
mbel.ipo@damcapital.in
M & B Engineering Ltd. Registrar to the Offer
Link Intime India Private Limited
mbengg.ipo@linkintime.co.in
M & B Engineering Ltd. Strengths
Specialised products and services
The company specialises in the innovative design, manufacturing, and installation of pre-engineered metal buildings, complex structural steel components, and self-supported steel roofing. By leveraging the strengths of the Phenix and Proflex divisions, it can flexibly meet the diverse needs of customers, from small to large-scale projects
Geographical advantage
The company has two manufacturing facilities located in Sanand, Gujarat, and Cheyyar, Tamil Nadu, to produce PEBs and complex structural steel components. The Sanand facility serves customers in Western, Northern, and Central India, benefiting from proximity to Gujarat's ports, while the Cheyyar facility is positioned to meet the needs of customers in South India
Relationship with customers
The company has completed over 8,700 projects and established long-term relationships with diverse customers across various industries. Its capacity to meet strict requirements enables it to secure additional business from both existing and new clients
M & B Engineering Ltd. Risks
Dependent on manufacturing facilities
The business relies heavily on its manufacturing facilities and faces risks related to the use of heavy machinery. Any slowdown, shutdown, or work stoppages could negatively impact operations, cash flow, and overall financial condition
Cost & quality of raw materials
Raw material costs make up a significant portion of total expenses, and increases in prices, availability, or quality could harm the business’s reputation and financial health. Relying on a limited number of suppliers for steel means that losing any of them could negatively impact operations and finances
Cost estimation
The business relies heavily on its design and engineering teams to conduct accurate pre-approval studies for potential orders. Any failure to estimate project costs or execute orders properly could negatively affect operations, financial condition, and cash flow
IPO FAQs
The promoters of the company are Girishbhai Manibhai Patel, Chirag Hasmukhbhai Patel, Malav Girishbhai Patel, Birva Chirag Patel, Vipinbhai Kantilal Patel, Aditya Vipinbhai Patel and Leenaben Vipinbhai Patel.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.