M & B Engineering Ltd. shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, July 30, 2025. The Anchor Investor Bidding Date shall be Tuesday, July 29, 2025. The Bid/Offer will open on Wednesday, July 30, 2025 for subscription and will close on Friday, August 01, 2025. Bids can be made for a minimum of 38 Equity Shares and in multiples of 38 Equity Shares thereafter. The Price Band of the Offer has been fixed at ₹366 to ₹385 per Equity Share.
- Issue Opens: July 30, 2025
- Issue Closes: August 01, 2025
- Face Value: Rs 10 each
- Price Band: Rs 366 – 385 per share
- Lot Size: 38 Shares
- Listing Date: August 6, 2025
- Listing At: BSE & NSE
The total Offer size of equity shares with face value ₹ 10 each aggregating up to ₹ 650 crore comprises of fresh issue of equity shares aggregating up to ₹ 275 crore and Offer for sale of equity shares aggregating up to ₹375 crore.
The Company proposes to utilize the net proceeds from the Offer towards the following objects –(i) Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at Company’s manufacturing facilities estimated to ₹130.58 crore; (ii) Investment in information technology software upgradation by the Company estimated to ₹5.20 crore; (iii) Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed by the Company estimated to ₹58.75 crore; and (iv) General corporate purposes.
The Offer for Sale comprises of such number of equity shares aggregating up to ₹153.35 crore by Girishbhai Manibhai Patel; aggregating up to ₹130.25 crore by Chirag Hasmukhbhai Patel; aggregating up to ₹18.75 crore by Vipinbhai Kantilal Patel; aggregating up to ₹38.50 crore by Birva Chirag Patel; aggregating up to ₹18.75 crore by Aditya Vipinbhai Patel and aggregating up to ₹15.40 crore by Umaben Girishbhai Patel.
- Funding the capital expenditure requirements for the purchase of equipment and machinery, building works, solar rooftop grid and transport vehicles at its Manufacturing Facilities.
- Re-payment or pre-payment of term loans, in full or in part, of certain borrowings availed.
