The excitement is soaring! M&B Engineering IPO has hit full subscription on Day 2, July 31, 2025, with the retail portion blazing at 4x by midday. Dive into the latest GMP and more as this ₹650 crore IPO takes off!
A Stellar Day 2 Surge!
The M&B Engineering IPO is stealing the spotlight on its second day, July 31, 2025, achieving full subscription by 11:30 AM IST with an electrifying 1.15x overall uptake. Launched on July 30, this ₹650 crore offer—comprising a ₹275 crore fresh issue and a ₹375 crore offer for sale—has ignited investor enthusiasm, especially from retail investors who’ve booked their 4x quota. With bidding open until August 1 and a listing slated for August 6, the momentum is palpable, making this Ahmedabad-based pre-engineered buildings leader a hot topic in India’s IPO market.
Summary: M&B Engineering IPO reached full subscription on Day 2, July 31, 2025, at 11:30 AM IST, with 1.12 crore shares bid against 97.98 lakh shares offered. The retail portion soared to 4x, NIIs subscribed 1.28x, while QIBs are yet to join significantly. Priced at ₹366-₹385 per share, the ₹650 crore IPO raised ₹291.6 crore from anchor investors on July 29. The latest grey market premium (GMP) of ₹54-55 suggests a 16% listing gain, with a potential debut around ₹440-₹441. This guide explores the subscription surge, GMP, and why this could be a long-term investment pick.
Subscription Breakdown: Retail Leads the Charge
By 11:30 AM IST today, the IPO has attracted bids for 1.12 crore shares, surpassing its offer size. The category-wise breakdown highlights retail dominance:
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Retail Investors: Subscribed 4x, showcasing strong individual interest with bids for their entire reserved portion.
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Non-Institutional Investors (NIIs): Booked 1.28x, reflecting solid high-net-worth participation.
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Qualified Institutional Buyers (QIBs): Yet to make a notable move, with subscription pending as of midday.
This follows a modest 66% subscription on Day 1, where retail already showed promise at 2.58x. The employee portion, reserved with a ₹36 discount, also saw early interest, adding to the buzz.
Grey Market Premium: A Promising Signal
The grey market is abuzz with a GMP of ₹54-55 as of today, indicating unlisted shares are trading at ₹440-₹441 against the upper IPO price of ₹385. This 16% premium suggests investors anticipate a strong listing gain on August 6. Compared to Day 1’s GMP of ₹40-43 (10-11% gain), the rise reflects growing confidence, though it’s wise to note GMP’s unofficial nature and volatility ahead of listing.
Why M&B Engineering Is Gaining Traction
M&B Engineering, a leader in pre-engineered buildings (PEB) and self-supported roofing, operates with an installed capacity of 103,800 metric tonnes annually. Its strengths include an integrated manufacturing setup, exports to 22 countries, and clients like Adani Group and Tata Advanced Systems. The ₹650 crore raise will fund capital expenditure, debt repayment, and tech upgrades at its Sanand and Cheyyar facilities. With a P/E of 28.5x based on FY25 earnings and a post-issue market cap of ₹2,200 crore, analysts like Anand Rathi recommend a “subscribe for long term” stance, citing growth potential despite raw material price risks.
Investment Snapshot: Should You Join?
Priced at ₹366-₹385 per share, the minimum bid is 38 shares (₹14,630 at the upper end), with multiples thereafter. The IPO’s fully priced valuation and strong Day 2 response make it attractive, especially for retail investors. However, QIB participation will be key to sustaining momentum. The anchor book, filled with ₹291.6 crore from 24 institutions including Abu Dhabi Investment Authority and HDFC Mutual Fund, adds credibility. Risks include sector-specific exposure and market fluctuations, so align this with your investment horizon.
What’s Next?
With two days remaining, the subscription could climb further, especially if QIBs step in. Allotment is slated for August 4, with listing on August 6. Keep an eye on GMP trends and official updates as the deadline nears. This could be your chance to tap into India’s infrastructure growth story!
Disclaimer
This blog provides updates on the M&B Engineering IPO Day 2 subscription as of July 31, 2025, based on market trends. For official data, check NSE/BSE. This is for informational purposes only and not investment advice.