M&B Engineering IPO
M&B Engineering Limited (MBEL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 August 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +11.1% (likely range -3% to +41%), day's high +22.4%, chance of a gain 51%. Actual: 0.0% at the open, +8.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 53,11,475 | 19,50,38,078 | 36.7x | |
| NII (HNI) total | 26,55,737 | 10,15,62,106 | 38.2x | |
| Big NII (above ₹10 lakh) | 17,70,492 | 6,67,80,174 | 37.7x | |
| Small NII (₹2-10 lakh) | 8,85,245 | 3,47,81,932 | 39.3x | |
| Retail | 17,70,491 | 5,76,25,860 | 32.5x | |
| Employees | 60,606 | 4,92,936 | 8.13x | |
| Total | 97,98,309 | 35,47,18,980 | 36.2x |
Bids on NSE and BSE together, as published by NSE, as of 01 Aug 2025, 07:00 PM. Shares offered exclude the anchor portion. 13% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to M&B Engineering's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Jyoti CNC AutomationJan 2024 | 44.1x | 36.5x | 26.2x | 38.5x | ₹1,051 Cr | +11.8% | +34.1% |
| Western Carriers (India)Sep 2024 | 28.0x | 44.7x | 26.0x | 30.6x | ₹511 Cr | -0.6% | +2.9% |
| R K SwamyMar 2024 | 20.6x | 34.4x | 34.0x | 25.9x | ₹424 Cr | -13.2% | -1.1% |
| Dharmaj Crop GuardNov 2022 | 48.2x | 52.3x | 21.5x | 35.5x | ₹270 Cr | +12.3% | +17.7% |
| Dreamfolks ServicesAug 2022 | 70.5x | 37.7x | 43.7x | 56.7x | ₹562 Cr | +56.0% | +68.4% |
| J G ChemicalsMar 2024 | 32.1x | 46.3x | 17.4x | 27.8x | ₹256 Cr | -5.4% | -3.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Equirus Capital | 34 | +21.3% | 74% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
Offer documents (NSE)
Frequently asked
What is the M&B Engineering IPO price band and lot size? ₹366–385 per share, with a lot of 38 shares, so the smallest retail bid is ₹14,630.
How many times has it been subscribed? 36.2x overall: QIB 36.7x, NII 38.2x, retail 32.5x, employees 8.13x.
How did it list? It opened at ₹385, +0.0% against the issue price of ₹385, and closed its first day +6.1%.
