The IPO, open from July 30 to August 1, is priced in the range of Rs 366 to Rs 385 per share. At the upper end, M&B Engineering’s estimated market capitalisation stands at Rs 2,200 crore. Proceeds will go towards capex, debt repayment, and tech upgrades at its Sanand and Cheyyar facilities.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets