Archive · 1 Aug 2025
M&B Engineering IPO Oversubscribed 7.94 Times on Final Day
M&B Engineering's IPO is ending, and it's been popular with regular investors, who wanted to buy shares almost 20 times more than were available.
The company wants to raise money to upgrade its factories and pay off some debt.
The shares are expected to start trading on August 6.
The grey market suggests the stock price might be higher than the initial offering price.
M&B Engineering IPO closed with a subscription of 7.94 times.
Retail investors oversubscribed their portion by 19.14 times.
Institutional investors showed less interest, subscribing 0.46 times.
The grey market premium (GMP) is Rs 64, suggesting a listing price of Rs 449.
The IPO aims to raise Rs 650 crore; allotment is expected by August 4.
- Who
- M&B Engineering.
- What
- M&B Engineering IPO subscription and upcoming listing.
- When
- The IPO closed on August 1, with allotment expected by August 4 and listing on August 6.
- Where
- Not explicitly mentioned.
- Why
- To raise capital for modernizing manufacturing units, reducing debt, and technology upgrades.
- IPO Size
- Rs 650 crore
- Overall Subscription
- 7.94x
- Retail Subscription
- 19.14x
- GMP
- Rs 64
- Expected Listing Price
- Rs 449
- Allotment Date
- August 4
- Listing Date
- August 6
Sources
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Aditya Infotech IPO Allotment Today: Here’s How to Check Status, GMP, and Listing Forecast
