The shares of M & B Engineering Ltd were first listed on the stock exchanges on 06 Aug 2025.
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Initial public offering of 16,888,474 equity shares of face value of Rs. 10 each (Equity Shares) of M & B Engineering Limited (the Company or the Issuer) for cash at a price of Rs.385.00 per equity share (Offer Price) aggregating to Rs. 650.00 crores (the Offer). The offer comprises of a fresh issue of 7,148,215 equity shares by the company aggregating to Rs.275.00 crores (the Fresh Issue) and an offer for sale of 9,740,259 equity shares (the Offered Shares) including 3,983,119 equity shares aggregating to Rs. 153.35 crores by Girishbhai Manibhai Patel, 3,383,116 equity shares aggregating to Rs. 130.25 crores by Chirag Hasmukhbhai Patel, 487,012 equity shares aggregating to Rs.18.75 crores by Vipinbhai Kantilal Patel, 1,000,000 equity shares aggregating to Rs. 38.50 crores by Birva Chirag Patel, and 487,012 equity shares aggregating to Rs. 18.75 crores by Aditya Vipinbhai Patel (collectively the Promoter Selling Shareholders), 400,000 equity shares aggregating to Rs. 15.40 crores by Umaben Girishbhai Patel (the Promoter Group Selling Shareholder and together with the promoter selling shareholders the Selling Shareholders) aggregating to Rs. 375.00 crores (the Offer for Sale).The offer includes a reservation of 57,306 equity shares, aggregating to Rs.2.00 crores (constituting up to 0.10 % of the post-offer paid-up equity share capital), for subscription by eligible employees (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute 29.55% and 29.45%, respectively, of the post-offer paid-up equity share capital of the company. The company in consultation with the brlms, offered a discount of Rs. 36.00 per equity share to the offer price to eligible employees bidding in the employee reservation portion (Employee Discount).The face value of the equity shares is Rs.10 each and the offer price is 38.50 times the face value of the equity shares.
The shares of M & B Engineering Ltd were first listed on the stock exchanges on 06 Aug 2025.
The total issue size of the M & B Engineering Ltd IPO is 650.00
The minimum lot size for M & B Engineering Ltd public issue was 38.00 shares.
The price band of the IPO of M & B Engineering Ltd was 385.00 to 0.00 per equity shares.
Our Company was originally incorporated as Manibhai and Brothers (Construction) Private Limited a private limited company under the Companies Act, 1956 through certificate of incorporation dated June 16, 1981, issued by the Registrar of Companies, Gujarat at Ahmedabad (RoC). Subsequently, the name of our Company was changed to M & B Engineering Private Limited pursuant to a Board resolution dated September 5, 2006 and a resolution passed in the extra ordinary general meeting of the Shareholders held on November 7, 2006 and consequently a fresh certificate of incorporation dated November 22, 2006 was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, to reflect the change in name. Further, our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by our Shareholders dated March 24, 2011, and the name of our Company was changed to `M&B Engineering Limited', and a fresh certificate of incorporation dated March 30, 2011, was issued to our Company by the Registrar of Companies, Dadra and Nagar Haveli at Gujarat.
MUFG Intime India Pvt Ltd is the registrar and share transfer agent of M & B Engineering Ltd IPO.