M & B Engineering Ltd

📊 M & B Engineering Q4 2026 Update: IPO Proceeds Utilization & Key Financials

• Gross IPO proceeds: ₹2,750.00 million

• Net proceeds after issue expenses: ₹2,593.20 million

• No deviations from issue objects reported

• Utilization this quarter: ₹74.92 million for capital expenditure (equipment, machinery, vehicles)

• Issue expenses this quarter: ₹2.85 million

• Total utilized proceeds as of March 31, 2026: ₹1,506.81 million

• Remaining unutilized proceeds: ₹1,243.19 million

• Unutilized funds invested in fixed deposits with banks (Kotak Mahindra, ICICI, Axis, HDFC)

• Delay in implementation schedule for capital expenditure, IT upgradation, and general corporate purposes due to ongoing negotiations

• No adverse events affecting viability noted during the quarter