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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital expenditure at manufacturing facilities
Funding equipment, machinery, building works, a solar rooftop grid and transport vehicles at the company's manufacturing facilities.
Investment in IT software
Upgrading and investing in information technology software systems.
Repayment or prepayment of borrowings
Repaying or prepaying certain outstanding borrowings availed by the company.
General corporate purposes
The balance of the fresh issue proceeds, after the objects above and issue expenses, is earmarked for general corporate purposes.
(₹ in Crore)
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M&B Engineering Limited is a Gujarat-headquartered manufacturer that designs, fabricates and installs Pre-Engineered Buildings (PEB) and self-supported steel roofing systems, serving customers across manufacturing, warehousing, logistics, and food and beverage industries in India and overseas. The company was incorporated in 1981 and has grown into one of the more established names in the domestic PEB and structural roofing space, operating through two business divisions: a PEB-focused division that handles end-to-end design, engineering and manufacturing of pre-engineered steel structures, and a roofing division that manufactures and installs mobile, self-supported steel roofing systems. The company runs two manufacturing facilities, an older plant at Sanand in Gujarat that has been operational since 2008, and a newer facility at Cheyyar in Tamil Nadu commissioned in 2024, together giving it a combined installed capacity of roughly 103,800 metric tonnes per annum. Its roofing division alone has completed thousands of installations covering several million square metres of roofing area, and its PEB division has delivered hundreds of thousands of tonnes of structures across a large number of completed projects. The company also exports its products to more than twenty countries, reflecting a presence beyond the domestic market. Ownership is closely held by the Patel promoter family, led by Girishbhai Manibhai Patel and Chirag Hasmukhbhai Patel along with other family members and family trusts. Revenue and profitability have both expanded in recent years on the back of steady order inflows from repeat industrial customers, aided by the ramp-up of the newer Cheyyar facility, positioning the company to benefit from continued capital expenditure activity in India's manufacturing and warehousing sectors.
The company raised about Rs 291.6 crore from anchor investors at the IPO price of Rs 385 per share, with allocations to marquee institutional names including the Abu Dhabi Investment Authority, HDFC Mutual Fund, Kotak Mahindra AMC, Aditya Birla Sun Life AMC, WhiteOak Capital, Bandhan Mutual Fund and Nuvama Crossover Opportunities Fund, among others.
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 July 2026, 5:30 AM
Established PEB leadership
The company is a long-standing player in India's pre-engineered building segment with both domestic scale and an export footprint across multiple countries.
Leading roofing franchise
It holds a leading position in self-supported steel roofing systems in India, a niche with high customization and installation know-how.
Broad, integrated offering
Its two divisions together cover design, engineering, manufacturing and on-site installation, letting it serve customers end to end rather than as a component supplier.
Diversified, recurring customer base
A healthy order book and long relationships across manufacturing, warehousing and logistics customers support revenue visibility and repeat business.
Well-located manufacturing base
Its Sanand and Cheyyar plants are positioned near key industrial corridors, backed by in-house design and engineering capability that shortens project turnaround.
Revenue concentration in PEB
A large share of revenue comes from the pre-engineered buildings business, so any slowdown in industrial construction demand would disproportionately affect results.
Cheyyar ramp-up risk
The newer Cheyyar facility is running below full capacity utilisation, which weighs on near-term margins until volumes scale up.
Customer concentration
A meaningful portion of revenue depends on repeat orders from a relatively small set of customers, so losing a few key accounts could hurt growth.
M&B Engineering Limited
MB House, 51, Chandrodaya Society, Opp. Golden Triangle Stadium Road, Post Navjivan, Ahmedabad - 380014, Gujarat, India
View on Maps →MUFG Intime India Private Limited
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Contractor dependence
Execution relies on third-party contractors for parts of project delivery, which creates schedule and quality risk outside the company's direct control.
Trademark protection gaps
Certain trademarks used by the company are not registered, which could weaken its ability to defend its brand identity if disputed.