M&B Engineering IPO: Apply if you want exposure to PEBs
M&B Engineering is raising ₹650 crore through its IPO, with shares priced at ₹366-385 each. The offer includes a fresh issue of ₹275 crore and a promoter sale of ₹375 crore.
You can apply in lots of 38 shares until Friday. Shares are set to list on BSE and NSE on August 6.
M&B Engineering specializes in making pre-engineered buildings
Started in 1981, M&B Engineering builds pre-engineered buildings (PEBs) and runs two big plants—one in Gujarat and another new one in Tamil Nadu—together making over 100,000 metric tons a year.
They ship their products to 22 countries, including the US and Brazil.
Employees get a discount of ₹36 per share
Most shares are reserved for big institutional investors, but retail buyers get a slice too.
Employees get a ₹36 per share discount. Money raised will go toward new machinery, paying off debt, and daily business needs.
The company has already secured nearly half the funds from major anchor investors before launch.