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VRIGHT EXCHANGE posted an update in the group VRIGHT Exchange-IPO Tracker
7 months, 3 weeks agoIPO Alert – M&B Engineering Ltd.
Merchant Banker: DAM Capital
IPO Launch: Scheduled for next weekCompany 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 croreFresh Issue: ₹275 crore
Offer for Sale (OFS): ₹375 crore

