M&B Engineering IPO Allotment: Check Status, GMP, Listing Date
Shares of M&B Engineering are set to be listed on the BSE and NSE on Aug. 6. The IPO included a fresh issuance of equity shares and an OFS from its promoters. The share allotment status for the M&B Engineering IPO will be finalized on Aug. 4.
Strong Subscription and Details
The M&B Engineering Ltd. IPO closed with a strong subscription, being oversubscribed 36.2 times. The IPO received applications for more than 35.47 crore shares against 97.98 lakh shares on offer.
Price Band and Issue Details
The price band for the IPO was Rs 366 to Rs 385 per share. It was a book-building issue worth Rs 650 crore, with a fresh issue of 71 lakh shares and an offer-for-sale of 97 lakh shares.
Checking Allotment Status
Those who bid for shares in the IPO can check the allotment status on the websites of BSE, NSE, and the issue registrar, MUFG Intime India. Follow the steps provided on the respective websites to view your allotment status.
InvestorGain reported a grey market premium (GMP) of Rs 45 for the M&B Engineering IPO. This indicates a potential listing price at a premium of 11.69% on the upper limit of the price band.
About M&B Engineering
M&B Engineering provides engineering solutions for pre-engineered buildings and self-supported steel roofing. The IPO proceeds will be used for capital expenditure, IT software upgrades, debt clearance, and general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
For more information on Aditya Infotech IPO allotment status, GMP, and listing date, check the link provided.
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