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M & B Engineering Ltd IPO (MBEL) | Shariah Status & Overview

Understanding Shariah Compliance in IPOs and Stocks:

Investing wisely is essential for both financial growth and ethical alignment. For those interested in making investments that comply with Islamic law, understanding the Shariah status of Initial Public Offerings (IPOs) and stocks is crucial. This article aims to provide insights into the Shariah compliance of M & B Engineering Ltd IPO (MBEL), ensuring that your investment choices are not only profitable but also ethical.

What is Shariah Compliance?

Shariah compliance refers to the adherence to Islamic law, which governs various aspects of life, including financial transactions. When it comes to investments, certain criteria must be met to ensure that they are permissible under Shariah law. For example, investments should avoid sectors related to alcohol, gambling, pork, and any form of interest (Riba), etc.

Analyzing M & B Engineering Ltd IPO (MBEL)

Company Name: M & B Engineering Ltd
Industry: Civil Construction

Listing At: NSE & BSE Mainboard

Overview:

The Company Established in 1981, originally incorporated as “Manibhai and Brothers (Construction) Private Limited”, M&B Engineering Ltd. has become synonymous with reliability, innovation, and excellence, setting itself apart through comprehensive expertise and an unwavering commitment to quality. We are one of the India’s leading Pre-Engineered Buildings (“PEBs”) and Self-Supported Roofing provider.

M&B Engineering Ltd is one of India’s leading design led engineering solutions provider. Our business is structured into (a) Phenix division which provides comprehensive solutions for PEBs and complex structural steel components; and (b) Proflex division which provides self-supported steel roofing solutions. We offer our customers comprehensive turn-key solutions which includes project design, engineering, manufacturing and erection in accordance with customer requirements across industrial and infrastructure segments. We have delivered solutions for our customers engaged in diverse sectors including general engineering and manufacturing, food and beverages, warehousing and logistics, power, textiles, and railways. We have undertaken execution of over 9,400 projects until the end of December, 2024 under our Phenix and Proflex Divisions.

Shariah Status

The IPO is Shariah Compliant, please see below image.

MBEL

Additional Considerations:
When opting for Shariah-compliant investments, it is essential to regularly check the status in our App. This ensures that the evolving nature of businesses or other financial data does not compromise the compliance status of your investments.

IPO Timeline (Tentative Schedule)

IPO Open DateWed, Jul 30, 2025
IPO Close DateFri, Aug 1, 2025
Tentative AllotmentMon, Aug 4, 2025
Initiation of RefundsTue, Aug 5, 2025
Credit of Shares to DematTue, Aug 5, 2025
Tentative Listing DateWed, Aug 6, 2025
Cut-off time for UPI mandate confirmation5 PM on August 1, 2025

Lot Size

ApplicationLotsSharesAmount
Retail (Min)138₹14,630
Retail (Max)13494₹1,90,190
S-HNI (Min)14532₹2,04,820
S-HNI (Max)682,584₹9,94,840
B-HNI (Min)692,622₹10,09,470

Financials

The company demonstrates robust financial growth across all key metrics from 2023 to 2025. Assets expanded significantly from 558.79 to 849.21, reflecting substantial investment. While revenue saw a dip in 2024, it strongly recovered by 2025, reaching 996.89. Profit After Tax more than doubled from 32.89 to 77.05, showcasing improved profitability. Similarly, EBITDA and Net Worth showed consistent upward trends, reinforcing healthy operational performance and increasing shareholder value. The steady rise in Reserves and Surplus further indicates strong financial stability and capacity for future growth.

KPI

KPIValues
ROE25.13%
ROCE24.80%
Debt/Equity0.33
RoNW25.14%
PAT Margin7.73%
EBITDA Margin12.78%
Price to Book Value6.28

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for MBEL IPO as on 29th July 2025 is currently ₹34, representing 8.83% premium over the issue price.

Ready to invest in Shariah-compliant opportunities? Explore more at IslamicStock & consider opening a demat account from the below link!


SEBI Disclaimer

Investing in IPOs involves risks. Please read the offer document carefully before investing. This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.

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