New Delhi, July 30 -- M&B Engineering Ltd is opening for subscription today, Wednesday, July 30. The issue, which has a price band of Rs.366 to Rs.385, will close on Friday, August 1. At the highest end of the price band, the market capitalization of the Gujarat-based firm is projected to be Rs.2,200 crore.

M&B Engineering Limited has allocated 75,74,026 equity shares to 24 anchor investors, raising Rs.291.60 crores in advance of the company's planned IPO at the upper price of Rs.385 per equity share.

The company is recognized as one of the top providers of Pre-Engineered Buildings (PEB) and Self-Supported Roofing in the country, with an installed capacity of 103,800 MTPA for PEB and 1,800,000 square meters annually for Self-Supported R...