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Mahendra Realtors & Infrastructure Limited

The Mahendra Realtors and Infrastructure Limited IPO was a book-built issue of ₹49.45 crore, comprising a fresh issue of 0.47 crore equity shares aggregating to ₹40.17 crore and an offer for sale of 0.11 crore equity shares amounting to ₹9.28 crore. The IPO opened for subscription on August 12, 2025, closed on August 14, 2025, with the basis of allotment finalized on August 18, 2025. The Company’s shares were subsequently listed on the NSE SME platform on August 20, 2025.

The IPO was offered at a price of ₹85 per equity share with a lot size of 1,600 shares. The minimum investment for individual (retail) investors was ₹2,40,000, requiring an application of 3,200 shares, while the minimum investment for HNIs was 3 lots (4,800 shares) amounting to ₹4,08,000.

Fast Track Finsec Pvt. Ltd. acted as the Book Running Lead Manager to the issue, MUFG Intime India Pvt. Ltd. served as the Registrar, and Rikhav Securities Ltd. was appointed as the Market Maker. Investors are advised to refer to the Red Herring Prospectus (RHP) for detailed information regarding the offer.

Mahendra Realtors & Infrastructure Limited IPO & Charts
₹85

0%

Open

₹85

HIgh - Low

₹85

Previous Close

₹85

Total Traded Value

0

52 Weeks High

₹85

52 Weeks Low

₹85

Updates On

Aug 5, 2025

IPO. Open

Aug 12, 2026

IPO. Close

Aug 14, 2026

IPO. Price

₹85.00

IPO Market price

₹187.88 Cr

IPO Details

IPO Date 20 Aug
IPO Listing Date 20 Aug
IPO Face Value ₹10 per share
IPO Price Range ₹85.00
IPO Issue Size 58,17,600 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing NSE SME Platform
hare Holding Pre Issue 1,73,77,500

IPO Timeline

IPO Open Date 12 Aug
IPO Close Date 14 Aug
IPO Allotment (Tentative) 18 Aug
Refunds 19 Aug
Credit to Demat Account 19 Aug
IPO Listing Date 20 Aug

IPO Reservation

Category Offer
QIB Shares Offered 56,000 Shares
NII (HNI) Shares Offered 27,08,800 Shares
Retail Shares Offered 27,61,600 Shares

IPO Lot Size

Investors can bid for a minimum of 3,200 shares, with additional bids in multiples of 1,600 shares.

Application Lots Share Amount
Retail (Min) 2 3,200 ₹2,72,000
Retail (Max) 2 3,200 ₹2,72,000
S-HNI (Min) 3 4,800 ₹4,08,000
S-HNI (Max) 7 11,200 ₹9,52,000
B-HNI (Min) 8 12,800 ₹10,88,000
About Company

Incorporated in June 2007, Mahendra Realtors and Infrastructure Limited provides a wide range of services including structural repairs, rehabilitation, retrofitting, waterproofing, corporate interiors, build-operate-transfer (BOT) projects, maintenance, construction, and infrastructure restoration. The Company has executed numerous structural repair projects for government departments and public sector organizations, such as CIDCO Vashi and Belapur Railway Stations, utilizing advanced techniques including polymer-modified mortar, micro concrete, and waterproofing systems. Notably, its structural repair and retrofitting work at Ghatkopar earned a Stability Certificate from IIT Bombay, involving steel jacketing and external strengthening. The Company has also delivered corporate interior projects for prestigious institutions such as IIT Bombay, Airport Authority of India, VVIP Circuit House in Pune, and SVP Hospital, Ahmedabad.

To date, the Company has completed over 200 projects for more than 50 clients, consistently achieving timely execution. Its service portfolio spans structural repairs and restoration, waterproofing of roofs and walls, comprehensive corporate interior solutions (including civil, HVAC, firefighting, plumbing, electrical, data networking, audiovisual, and furniture works), BOT contracts, maintenance of buildings and bridges, retrofitting of infrastructure such as bridges and culverts, and government construction contracts. As of December 31, 2024, the Company had ongoing projects across Andhra Pradesh, Delhi, Goa, Gujarat, Maharashtra, and Tamil Nadu, supported by a workforce of 74 employees as of September 30, 2024.

The Company’s competitive strengths include its established reputation, strong expertise in procurement and project management with adherence to ISO standards, and deep-rooted relationships with government agencies and industry partners. Its ability to maintain financial discipline enables effective cost management, risk mitigation, and resilience against economic fluctuations, supporting sustainable long-term growth.

Mahendra Realtors & Infrastructure Ltd.’s revenue grew by 22%, while its profit after tax (PAT) rose by 28% between the financial years ending March 31, 2024, and March 31, 2025.

Company Financials (Consolidated)

Assets 137.54 93.01 98.21
Total Income 128.69 105.11 66.07
Profit After Tax 14.87 11.58 4.04
EBITDA 21.9 17 9.04
NET Worth 70.89 56.02 44.44
Reserves and Surplus 53.51 38.65 43.2
Total Borrowing 27.81 16.13 43.64

Key Performance Indicator (KPI)

ROE 23.43%
ROCE 30.56 %
Debt/Equity 0.22
RoNW 23.43%
PAT Margin 11.91%
EBITDA Margin 17.55%
Price to Book Value 2.08
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 30.4
3 To meet out the General Corporate Purposes; 5.36
4 Offer for Sale (OFS) -

Contact Details

Mahendra Realtors & Infrastructure Ltd. Address
603, Quantum Tower, Ram Baug, Opp Dal Mill
Off S.V. Road,
Malad (West)
Mumbai, Maharashtra, 400064
+91 9082850343
info@mripl.net

Detail Registrar

IPO Registrar

MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
mahendrarealtors.ipo@linkintime.co.in

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