M & B Engineering Ltd IPO |
Registered Office:
MB House 51 Chandrodaya Societ,Opp.Stadium Road Post Navjivan
,
Ahmedabad
-
380014
,
Gujarat
, India.
Phone :
91-79-2646 3784 Fax:
Email : compliance@mbel.in
Website : www.mbel.in
|
| Initial public offering of 16,888,474 equity shares of face value of (Rs)10 each ("Equity Shares") of M & B Engineering Limited ("the Company" or the "Issuer") for cash at a price of (Rs)385.00 per equity share ("Offer Price") aggregating to
(Rs)650.00 crores (the "Offer"). The offer comprises of a fresh issue of 7,148,215 equity shares by the company aggregating to (Rs)275.00 crores (the "Fresh Issue") and an offer for sale of 9,740,259 equity shares (the "Offered Shares") including 3,983,119 equity shares aggregating to (Rs)153.35 crores by Girishbhai Manibhai Patel, 3,383,116 equity shares aggregating to (Rs)130.25 crores by Chirag Hasmukhbhai Patel, 487,012 equity shares aggregating to (Rs)18.75 crores by Vipinbhai Kantilal Patel, 1,000,000 equity shares aggregating to
(Rs)38.50 crores by Birva Chirag Patel, and 487,012 equity shares aggregating to (Rs)18.75 crores by Aditya Vipinbhai Patel (collectively the "Promoter Selling Shareholders"), 400,000 equity shares aggregating to (Rs)15.40 crores by Umaben Girishbhai Patel (the "Promoter Group Selling Shareholder" and together with the promoter selling shareholders the "Selling Shareholders") aggregating to
(Rs)375.00 crores (the "Offer for Sale").
The offer includes a reservation of 57,306 equity shares, aggregating to (Rs)2.00 crores (constituting up to 0.10 % of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 29.55% and 29.45%, respectively, of the post-offer paid-up equity share capital of the company. The company in consultation with the brlms, offered a discount of (Rs)36.00 per equity share to the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
The face value of the equity shares is (Rs)10 each and the offer price is 38.50 times the face value of the equity shares. |
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 30-Jul-25 |
01-Aug-25 |
(Rs)385.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :38 Further Multiples of :38 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
275.00 |
|
| Project Financed through Current Offer |
650.00 |
|
| Post Issue Equity Share Capital |
57.14 |
|
| Issue Price |
(Rs)385.00 |
|
|