M&B Engineering is ready to launch its IPO on August 6. The IPO was subscribed 38.11 times. It shows a grey market premium of about 12%. The IPO comprised a fresh issue worth Rupees 275 crore. Investor response was strong across all categories. The company will use the IPO proceeds for capex and debt repayment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets