New Delhi, Aug. 5 -- The IPO of M&B Engineering, which recently concluded, is set to debut on the Indian stock exchanges on Wednesday, August 6. The issue received a strong response during its bidding period from July 30 to August 1, resulting in an overall subscription of 38.11 times.

The IPO received total bids for 35.49 crore shares against 93 lakh shares on offer. The retail investors' portion was subscribed 34.36 times, while the NII and QIB categories were booked 40.22 times and 38.63 times, respectively.

With the bidding now closed, investor focus has shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are currently trading at Rs.46 in the grey m...