M&B Engineering IPO Subscribed Over 3.5 Times on Day 3, GMP and Key Details

Published On: 01/08/20250.9 min read

M&B Engineering’s initial public offering (IPO) continued to attract strong investor interest, with the subscription crossing 3.5 times by the end of Day 3. The IPO saw particularly robust demand from the retail segment, contributing significantly to the heavy subscription levels.

As of mid-day on Day 3, the overall subscription ratio had surged beyond 5 times, with the retail portion oversubscribed by more than 14 times. Qualified Institutional Buyers (QIBs) subscribed at a modest pace, while the Non-Institutional Investors (NIIs) segment showed a healthy interest with more than 10 times subscription.

The issue price for the M&B Engineering IPO was fixed at Rs 650 per share. In the grey market, the shares are trading with a premium of approximately Rs 43, indicating positive market sentiment towards the stock ahead of its listing.

Investors have been actively following the offering amid a volatile market backdrop, weighing the company’s prospects alongside global and sector-specific cues. The impressive subscription rates suggest high confidence in M&B Engineering’s growth potential.

The IPO subscription window continues to be open, giving investors more time to participate in what is shaping up to be a well-received public listing.

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