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Mint
2 days ago
- Business
- Mint
M&B Engineering IPO: 10 key things from the RHP investors should know
M&B Engineering is set to launch its initial public offering (IPO) on July 30, 2025, with the subscription window closing on August 1, 2025. The IPO, which has a price band of ₹ 366– ₹ 385 per share, comprises a fresh issue worth ₹ 275 crore and an offer-for-sale (OFS) of ₹ 375 crore by promoters. With the lot size fixed at 38 shares, the minimum retail investment comes to ₹ 13,908. The offering will be managed by Equirus Capital and DAM Capital Advisors as book-running lead managers. M&B Engineering is a key player in India's Pre-Engineered Buildings (PEB) and Self-Supported Roofing market. As of December 31, 2024, the company had an installed capacity of 103,800 MTPA for PEB and 1,800,000 square metres per annum for roofing. CRISIL reports that the company held a 75 percent market share in India's self-supported steel roofing segment in FY24, making it the country's largest player in this space. The net proceeds from the fresh issue will be used to: Acquire new equipment and machinery for manufacturing facilities, Repay or prepay certain borrowings, Fund working capital requirements, and Support general corporate purposes. Basis of allotment: August 4, 2025 Refund initiation: August 5, 2025 Demat credit: August 5, 2025 Listing date (tentative): August 6, 2025 on BSE and NSE The company has executed over 9,400 projects over the last 23 years and served more than 2,000 customer groups across industries. Prominent names include: Adani Group entities (Adani Ports, Adani Logistics, Adani Green Energy), Tata Advanced Systems, Intas Pharmaceuticals, Alembic, AIA Engineering, Balaji Wafers, Haldiram, Arvind Ltd, and SMC Power Generation. Long-standing customer relationships, some over 15 years, have led to high levels of repeat business. Listed peers mentioned in the RHP include: Other peers include BirlaNU Ltd and Everest Industries Ltd, placing M&B in a competitive segment with moderate-to-high valuations. The infrastructure sector is expected to continue leading PEB demand, contributing 39–41 percent by 2028, followed by buildings (36.5–38.5 percent) and industrial applications (21.5–23.5 percent). Rising awareness of PEB benefits and government-driven infrastructure initiatives will support this demand. India's PEB market grew at an 8 percent CAGR between FY19 and FY24, expanding from ₹ 130 billion to ₹ 195 billion. The industry is expected to grow by another 8 percent in FY25 to ₹ 210 billion, and log 10–11 percent CAGR between FY24 and FY29, reaching ₹ 315–330 billion. Key growth drivers include investments in logistics, warehouses, toll plazas, and expressways. According to CRISIL, India will witness ₹ 620–670 billion in airport-related capital expenditure between FY25 and FY29. This includes greenfield projects such as Jewar, Navi Mumbai, and Bogapuram airports, alongside brownfield expansions in Bangalore, Hyderabad, and Chennai. M&B Engineering is poised to benefit from this increased activity in structural steel construction. The IPO allocation is as follows: QIBs: Not less than 75 percent NIIs: Not more than 15 percent Retail investors: Not more than 10 percent Additionally, ₹ 20 million worth of shares are reserved for employees, who will also receive a ₹ 36 per share discount under the employee reservation portion. With a strategic focus on turnkey solutions—including design, engineering, manufacturing, and installation—M&B Engineering aims to deepen its footprint in infrastructure and industrial segments. The company is banking on its technical expertise, execution record, and skilled workforce to capitalize on India's growing adoption of structural steel in construction. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
5 days ago
- Business
- Mint
M&B Engineering IPO: Price band set at ₹366-385 per share; check GMP, issue details, more
M&B Engineering IPO price band has been fixed in the range of ₹ 366 to ₹ 385 per equity share of the face value of ₹ 10. The M&B Engineering IPO date of subscription is scheduled for Wednesday, July 30 and will close on Friday, August 1. The allocation to anchor investors for the M&B Engineering IPO is scheduled to take place on Tuesday, July 29. The floor price is and the cap price are 36.60 times and 38.50 times the face value of the equity shares, respectively. The M&B Engineering IPO lot size is 38 equity shares and in multiples of 38 equity shares thereafter. M&B Engineering IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employee portion has been reserved equity shares aggregating up to ₹ 20 million. A discount of ₹ 36 per share is being offered to eligible employees bidding in the employee reservation portion. Tentatively, M&B Engineering IPO basis of allotment of shares will be finalised on Monday, August 4 and the company will initiate refunds on Tuesday, August 5 while the shares will be credited to the demat account of allottees on the same day following refund. M&B Engineering share price is likely to be listed on BSE and NSE on Wednesday, August 6. M&B Engineering IPO consists of a new issue of equity shares totaling ₹ 275 crore alongside an offer-for-sale (OFS) amounting to ₹ 375 crore from the promoters. Funds raised from the new issue are intended for acquiring equipment and machinery for the company's manufacturing plants, settling debts, covering working capital needs, and general corporate activities. Equirus Capital and DAM Capital Advisors serve as the book-running lead managers for the issuance. M&B Engineering ranks among the top providers in the nation for Pre-Engineered Buildings (PEB) and Self-Supported Roofing based on installed capacity, which stands at 103,800 MTPA for PEB and 1,800,000 square meters annually for Self-Supported Roofing. As per the red herring prospectus (RHP), the company's listed peers are Pennar Industries Ltd (with a P/E of 25.23), Bansal Roofing Products Ltd (with a P/E of 28.39 ), BirlaNU Ltd, Everest Industries Ltd, and Interarch Building Products Ltd (with a P/E of 33.69).
Mint
5 days ago
- Business
- Mint
M&B Engineering IPO: Price band set at ₹366-385 per share; check GMP, issue details, more
M&B Engineering IPO price band has been fixed in the range of ₹ 366 to ₹ 385 per equity share of the face value of ₹ 10. The M&B Engineering IPO date of subscription is scheduled for Wednesday, July 30 and will close on Friday, August 1. The allocation to anchor investors for the M&B Engineering IPO is scheduled to take place on Tuesday, July 29. The floor price is and the cap price are 36.60 times and 38.50 times the face value of the equity shares, respectively. The M&B Engineering IPO lot size is 38 equity shares and in multiples of 38 equity shares thereafter. M&B Engineering IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employee portion has been reserved equity shares aggregating up to ₹ 20 million. A discount of ₹ 36 per share is being offered to eligible employees bidding in the employee reservation portion. Tentatively, M&B Engineering IPO basis of allotment of shares will be finalised on Monday, August 4 and the company will initiate refunds on Tuesday, August 5 while the shares will be credited to the demat account of allottees on the same day following refund. M&B Engineering share price is likely to be listed on BSE and NSE on Wednesday, August 6. M&B Engineering IPO consists of a new issue of equity shares totaling ₹ 275 crore alongside an offer-for-sale (OFS) amounting to ₹ 375 crore from the promoters. Funds raised from the new issue are intended for acquiring equipment and machinery for the company's manufacturing plants, settling debts, covering working capital needs, and general corporate activities. Equirus Capital and DAM Capital Advisors serve as the book-running lead managers for the issuance. M&B Engineering ranks among the top providers in the nation for Pre-Engineered Buildings (PEB) and Self-Supported Roofing based on installed capacity, which stands at 103,800 MTPA for PEB and 1,800,000 square meters annually for Self-Supported Roofing. As per the red herring prospectus (RHP), the company's listed peers are Pennar Industries Ltd (with a P/E of 25.23), Bansal Roofing Products Ltd (with a P/E of 28.39 ), BirlaNU Ltd, Everest Industries Ltd, and Interarch Building Products Ltd (with a P/E of 33.69). Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
IOL News
07-07-2025
- Business
- IOL News
Young South Africans still value homeownership, despite market pressures
home ownership, property, house, investment, expenses, home buyer, bond repayment, insurance, maintenance, levies Despite economic challenges, young South Africans remain committed to homeownership, exploring innovative ways to enter the property market. This article delves into the latest trends, statistics, and insights into the motivations driving this demographic's pursuit of property ownership." Image: Unsplash With growing attention on the country's youth, some may be wondering whether the concept of property ownership is still accessible to this vital demographic today. The short answer is yes. Although young people are entering the property market later than in previous years, data indicates that they still have a strong affinity for homeownership. The latest data from Lightstone revealed that young adults (aged 20-35) accounted for 29.7% of all property transactions in 2024, down from 36% in 2019 and 41% 10 years ago. Notably, 69% of buyers in this age group were purchasing property for the first time. Adding to this, Lightstone's data highlighted homebuyers aged 36-50 as top contenders in the market, accounting for 43% of home purchases, with 42% of this age segment purchasing homes for the first time. Ooba Home Loans' data over the past decade (2014 to 2024) underpins this sentiment. A decade ago, applicants aged >24 to 33 accounted for the lion's share of application volumes (39%). However, by 2024, this figure had dropped by 12%, highlighting the prevailing challenges of a tough economic climate. In the age 33-43 and 43-plus brackets, we had, however, noticed heightened first-time homebuyer activity in 2024, with figures up by 4% and 10%, respectively, at 39% and 32%. Homebuyers aged 18 to 24 years account for the remaining 2%. Factors Fueling the Lag Factors such as the rising cost of living, reduced affordability, economic uncertainty, and high unemployment continue to impact the youth market. Contributing to the current market dynamics are persistently high interest rates. Although rates have dropped by 100 basis points since September last year, we're still operating in a high-interest rate environment. The surge of first-time homebuyers during the pandemic has since waned from 55.6% in May '20 to 45.3% in May '25. Robust deposit values suggest this group may be delaying their purchases to save up for a larger deposit. In today's climate, this segment of homebuyers understands the importance of paying down their home loan as quickly as possible, and while first-time homebuyers' deposit values are trending lower, our Q1'25 data shows that they are still sitting at a healthy 9.6% (R120,366 on average). Last year, first-time homebuyers placed greater emphasis on saving for deposits. That priority appears to have shifted, likely due to the current more favourable lending terms offered by banks. Young First-Time Homebuyers Outspend the Rest Interestingly, though, when these homebuyers do decide to enter the market, they are in fact spending more than any other first-time homebuyer in any other age category. According to Lightstone, homebuyers aged 20 - 35 paid an average of R999,000 for a property, while retirees purchasing for the first time spent the least, averaging R730,000. Furthermore, the data cited that while nearly 60% of young homebuyers bought a home for less than R1 million, a notable 17% bought homes between the ranges of R1 million and R1.5 million. Homebuyers in this category are taking advantage of the adjusted property transfer duty exemption threshold (now at R1.21 million) and maybe 'buying up' by exercising their negotiation skills in a buyer's market where there are good deals to be had. When choosing where to spend, the majority of young homebuyers are drawn to Gauteng. Lightstone data shows that of the top 20 suburbs attracting young buyers, eight are in Johannesburg, four in Ekurhuleni, two in Lesedi, and one in Tshwane, compared to four in the City of Cape Town and just one in KwaZulu-Natal. Finding Alternative Ways to Enter the Market Delayed buying doesn't necessarily mean a lack of interest. Research shows that young homebuyers view property as a sound investment, and our data indicates they're finding alternative ways to make it happen. While the majority of first-time buyers still purchase property as single applicants (55% in 2024), an increasing number are opting to buy jointly with a family member, partner, or friend, in a growing trend known as 'houses before spouses', which rose from 14% in 2014 to 18% in 2024. The buy-to-let market remains buoyant too, recording a year-on-year increase of 0.5% to reach 12.9% in Q1'25. We've seen strong growth in the buy-to-let segment, particularly in the Western Cape, where many investors have opted for a 'rentvesting' strategy: buying properties to rent out while choosing to rent their own accommodation elsewhere. Adding to this, ooba Home Loans 2024 data underpinned a 4% increase in the number of first-time homebuyers purchasing buy-to-let properties. Bringing young homebuyers into the market remains a key priority. The younger generation values property ownership and sees it as a path to building generational wealth. Our steadfast commitment to making the dream of homeownership a reality for every South African is strongly supported by the banks, and we believe that, with the right tools and guidance, more young people will continue to find their footing on the property ladder. * Dyer is the CEO of the ooba Group. PERSONAL FINANCE
GMA Network
30-06-2025
- General
- GMA Network
Lone bettor wins P72.366M Grand Lotto jackpot draw on Monday, June 26, 2025
A lone bettor bagged the Grand Lotto 6/55 jackpot prize of P72.366 million on Monday, June 30, 2025 according to the Philippine Charity Sweepstakes Office. The winning numbers were 03-54-24-36-18-46 with the jackpot totaling P72,366,751. There was no winner for Megalotto 6/45, the combination 25-17-19-07-08-35 would have won P41,001,229.80. For more lotto results, visit here. —RF, GMA Integrated News .
