131  Total SME IPOs listed in 2025

6,147.85 Crs.  Total funds raised in 2025

93  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

131  Total SME IPOs listed in 2025

6,147.85 Crs.  Total funds raised in 2025

93  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

131  Total SME IPOs listed in 2025

6,147.85 Crs.  Total funds raised in 2025

93  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

131  Total SME IPOs listed in 2025

6147.85 Crs.  Total funds raised in 2,025.00

93  SME IPOs listed with Gain in 2025

38  SME IPOs listed with loss in 2025

M&B Engineering Limited IPO Analysis

M&B Engineering IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 650.00 Cr. The company is based in Ahmedabad and caters to Infrastructure sector. Dam Capital Advisors (Formerly Idfc Securities ) , Equirus Capital are the merchant bankers of M&B Engineering IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 25th September 2024.

M&B Engineering IPO posted revenues of ₹ 988.55 Cr. and PAT of ₹ 77.04 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 988.55 Cr.
            EBITDA: ₹ 134.69 Cr.
            PAT: ₹ 77.04 Cr.
  • EBITDA Margin: 13.63 %
            Pat Margin: 7.79 %
  • Net Worth: ₹ 306.53 Cr.
  • Market Capitalisation: ₹ 2200.00 Cr.
  • P/E: 28.55 times
  • P/BV: 2.30 times
  • EV/EBITDA: 17.50 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

M&B Engineering IPO Financial Performance (Restated)

Financial results of M&B Engineering IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24 FY23 FY22
Balance Sheet
Assets 849.21 633.11 558.79 547.11
Net Worth 306.53 233.03 180.51 145.10
Total Debt 186.13 204.84 148.75 99.58
Profit & Loss
Revenue
Revenue on annualised basis
988.55 795.06 880.47 688.23
EBITDA
EBITDA on annualised basis
134.69 79.62 66.43 41.83
PAT
PAT on annualised basis
77.04 45.63 32.89 16.31
Financials
FY25
FY24
FY23
FY22
Balance Sheet
Assets
849.21
633.11
558.79
547.11

Net Worth
306.53
233.03
180.51
145.10

Total Debt
186.13
204.84
148.75
99.58

Profit & Loss
Revenue
Revenue on annualised basis
988.55
988.55
795.06
880.47
688.23

EBITDA
EBITDA on annualised basis
134.69
134.69
79.62
66.43
41.83

PAT
PAT on annualised basis
77.04
77.04
45.63
32.89
16.31

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

M&B Engineering IPO Key performance Indicators (KPI)

M&B Engineering IPO PAT Margin is 7.79 % , ROCE (Return on Capital Employed) is 25.13 % as per latest financial. The below table shows M&B Engineering IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24 FY23 FY22
EBITDA Margin (%) 13.63 10.01 7.54 6.08
PAT Margin (%) 7.79 5.74 3.74 2.37
EPS (₹) 15.41 9.17 6.82 4.01
ROE (%) 25.13 19.58 18.22 11.24
ROCE (%) 25.13 19.17 19.70 17.13
ROA (%) 9.07 7.21 5.89 2.98
Debt to Equity 0.61 0.88 0.82 0.69
Particulars
FY25
FY24
FY23
FY22

EBITDA Margin (%)
13.63
10.01
7.54
6.08

PAT Margin (%)
7.79
5.74
3.74
2.37

EPS (₹)
15.41
9.17
6.82
4.01

ROE (%)
25.13
19.58
18.22
11.24

ROCE (%)
25.13
19.17
19.70
17.13

ROA (%)
9.07
7.21
5.89
2.98

Debt to Equity (x)  
0.61
0.88
0.82
0.69

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

M&B Engineering IPO Valuation Metrics

The market Capitalisation of M&B Engineering IPO is ₹ 2200.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
2,200.00

Enterprise Value (EV) (₹ Cr.):
2,356.53

EV/EBITDA (times) :
17.50

PE Multiple (times) :
28.55

P/B (times) :
2.30

NAV (₹) :
61.13

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in M&B Engineering prospectus?

The M&B Engineering IPO prospectus highlights an Return on Equity (ROE) of 25.13 % , Return on Assets (ROA) of 9.07 %, and an EBITDA Margin of 13.63 %, showcasing financial performance.

How do profitability ratios impact the evaluation of M&B Engineering IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows M&B Engineering IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for M&B Engineering IPO ?

The post-IPO market capitalisation of M&B Engineering IPO is ₹ 2200.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of M&B Engineering IPO?

The M&B Engineering IPO has a Price-to-Earnings (PE) ratio of 28.55 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of M&B Engineering IPO?

M&B Engineering IPO reported revenue of ₹ 988.55 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from M&B Engineering IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of M&B Engineering IPO?

M&B Engineering recorded an EBITDA of ₹ 134.69 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of M&B Engineering IPO?

M&B Engineering Profit After Tax (PAT) is ₹ 77.04 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 988.55 Cr.
            EBITDA: ₹ 134.69 Cr.
            PAT: ₹ 77.04 Cr.
  • EBITDA Margin: 13.63 %
            Pat Margin: 7.79 %
  • Net Worth: ₹ 306.53 Cr.
  • Market Capitalisation: 2,200.00
  • P/E: 28.55 times
  • P/BV: 2.30 times
  • EV/EBITDA: 17.50

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

M&B Engineering operates in Infrastructure and Pre-Engineered Buildings (PEBs) And Self-Supported Roofing Provider In Terms Of Installed Capacity. The Issue is listed on BSE,NSE in Aug, 2025. M&B Engineering IPO size was 650.00 with Issue price of 385.00 .

Merchant Banker(s) of M&B Engineering IPO: Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , Equirus Capital Private Limited

M&B Engineering IPO subscription was 38.11 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

M&B Engineering IPO listed at a listing price of 385.00 against the offer price of 385.00.

The current market price of M&B Engineering is 417.60.

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