• VRIGHT EXCHANGE posted an update in the group VRIGHT Exchange-IPO Tracker

    7 months, 3 weeks ago

    IPO Alert – M&B Engineering Ltd.
    Merchant Banker: DAM Capital
    IPO Launch: Scheduled for next week

    Company Overview:
    M&B Engineering Ltd., headquartered in Ahmedabad, Gujarat, is one of India’s leading providers of Pre-Engineered Buildings (PEBs) and Self-Supported Roofing solutions.

    The business operates through two strategic divisions:

    Phenix Division: Offers comprehensive turnkey solutions in PEBs and complex structural steel components.

    Proflex Division: Specializes in self-supported steel roofing systems, a niche segment.

    The company provides end-to-end, design-to-execution capabilities — including project design, engineering, manufacturing, and on-site erection, tailored to client needs across key industrial and infrastructure sectors.

    Key Sectors Served:

    General engineering & manufacturing

    Food & beverages

    Warehousing & logistics

    Power

    Textiles

    Railways

    Notable Advantage:
    M&B Engineering is the only Indian player to have tapped into the U.S. market, gaining first-mover advantage and benefiting from higher-margin international contracts.

    Comparable Peer: Interarch Building Solutions

    IPO Details:
    Total Issue Size: ₹650 crore

    Fresh Issue: ₹275 crore

    Offer for Sale (OFS): ₹375 crore