Mahendra Realtors IPO
Open SmeCurrent GMP
₹-10 (-11.76%)
Price Band
₹ 75 – 85
Lot Size
1600
Issue Size
₹49.45 Cr
Minimum Investment
₹272000 (3200 Shares)
Listing Date
20 August 2025
Subscription
26.53x
About the Company
Incorporated in June 2007 Mahendra Realtors & Infrastructure Ltd. is a multi-service infrastructure and construction company specializing in structural repairs, restoration, retrofitting, waterproofing, interiors, BOT projects, maintenance, and construction. The company has completed 200+ projects across government and private sectors.
Key Services:
- Structural Repairs & Restoration
- Techniques: Jacketing, Polymer Modified Mortar, Micro Concreting, Fibre Wrapping, Injection Grouting, Carbon/Glass Laminates.
- Notable Projects: CIDCO Railway Stations (Vashi, Belapur), Ghatkopar, SBI Harbour Heights.
- Waterproofing Solutions
- Methods include: Brickbat Coba, PU Coating, Cementitious Systems, EPDM Membranes, Injection Grouting.
- Corporate Interiors
- Full-scope interior execution: Civil, HVAC, Firefighting, Networking, AV, Plumbing.
- Key Projects: IIT Bombay, Airport Authority of India, VVIP Circuit House Pune, Air India Office, CIDCO Exhibition Centre.
- Build-Operate-Transfer (BOT) Projects
- Company undertakes full lifecycle from design to operation and final transfer.
- Notable BOT Project: “Sharad Pawar Bhavan” (formerly Center Point) for Pen Municipal Council.
- Maintenance Services
- Routine and preventive maintenance to preserve structural and operational quality of buildings and facilities.
- Construction Projects
- Government and municipal contracts for building construction with focus on timely delivery and quality standards.
- Infrastructure Restoration
- Specializes in retrofitting and restoring critical infrastructure (e.g., bridges) even under operational conditions.
- Notable Project: Structural restoration and girder replacement at “Dr. Baba Saheb Ambedkar Flyover”, Surat.
Promoters
- Mr. Hemanshu Shah
- Mr. Bhavesh Mahendrakumar Shah
- Ms. Chandrika Mahendra Shah
- Ms. Hetal Bhavesh Shah
- Ms. Varsha Hemanshu Shah
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The Company Mahendra Realtors IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Working capital Requirement
- General corporate purposes
- Issue Expenses*
Address / Contact Info
Mahendra Realtors & Infrastructure Limited
603, Quantum Tower, Ram Baug,
Opp Dal Mill, Off S.V. Road,
Malad (West),Mumbai,
Maharashtra- 400064
Telephone: +91 9082850343
E-mail: info@mripl.net
https://www.mripl.net/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 12 August 2025
IPO Close Date
Thursday, 14 August 2025
Basis of Allotment
Monday, 18 August 2025
Initiation of Refunds
Tuesday, 19 August 2025
Credit of Shares to Demat
Tuesday, 19 August 2025
Listing Date
Wednesday, 20 August 2025 — NSE & BSE
Important Dates
Open Date
12 August 2025
Close Date
14 August 2025
Basis Of Allotment
18 August 2025
Listing Date
20 August 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 105.7 | 93.01 | 98.21 | 94.19 |
| Revenue | 46.91 | 105.11 | 66.07 | 95.27 |
| Profit After Tax | 5.68 | 11.58 | 4.04 | 7.38 |
| Net Worth | 61.7 | 56.02 | 44.44 | 40.4 |
| Reserve & Surplus | 44.32 | 38.65 | 43.2 | 39.16 |
| Total Borrowings | 0 | 0 | 0 | 0 |
EPS Pre
6.66%
EPS Post
5.14%
P/E Pre
12.76
P/E (Post Issue)
16.55x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 23.43 | 23.05 | 9.53 |
| ROCE % | 30.56 | 29.87 | 19.72 |
| Debt / Equity | 0.09 | 0 | 0 |
| RoNW % | 23.43 | 23.05 | 9.53 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 11.91 | 11.41 | 6.41 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 56000 | 0 | 0 |
| Non-Institutional | 2707200 | 0 | 0 |
| BNII | 1804800 | 0 | 0 |
| SNII | 902400 | 0 | 0 |
| Retail Investors | 2763200 | 0 | 0 |
| Total | 8233600 | 0 | 0 |
Subscription Status ( Thu, 14 Aug 25 01:44 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 56000 | 2440000 | 43.57x |
| Non-Institutional | 2707200 | 73446400 | 27.13x |
| BNII | 1804800 | 55259200 | 30.62x |
| SNII | 902400 | 18187200 | 20.15x |
| Retail Investors | 2763200 | 70729600 | 25.6x |
| Total | 5526400 | 146616000 | 26.53x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Mahendra Realtors & Infrastructure Ltd | 10 | 0.00 | 8.55 | 8.55 | 23.43 | 40.79 |
| AB Infrabuild Ltd | 10 | 53.54 | 3.36 | 3.36 | 0.17 | 20.74 |
| Maruti Infrastructure Ltd | 2 | 66.29 | 0.21 | 0.21 | 0.07 | 14.77 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 272,000.00 |
| Retail (Max) | 2 | 3,200 | 272,000.00 |
| S-HNI (Min) | 3 | 4,800 | 408,000.00 |
| S-HNI (Max) | 7 | 11,200 | 952,000.00 |
| B-HNI (Min) | 8 | 12,800 | 1,088,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Fast Track Finsec Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Mahendra Realtors IPO is a Book-building IPO worth ₹49.45 crores. The price band is ₹75 to 85 per share. The IPO opens on Tue, Aug 12, 2025 and closes on Thu, Aug 14, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Mahendra Realtors IPO opens on Tue, Aug 12, 2025 and closes on Thu, Aug 14, 2025
Mahendra Realtors IPO Price Band is ₹75 to 85.
Mahendra Realtors IPO lot size is 1600, and the minimum amount required for application is ₹272000.
The minimum investment for Mahendra Realtors IPO is approximately ₹272000 based on the upper price band.
To apply for the Mahendra Realtors IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Aug 14, 2025. After submission, funds are blocked until the basis of allotment of Mahendra Realtors IPO is finalised.
Mahendra Realtors IPO issue size is ₹49.45 crores.
Mahendra Realtors IPO allotment date is Sat, Jun 27, 2026.
The registrar for Mahendra Realtors IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Mahendra Realtors IPO through their official website or helpline.
The Mahendra Realtors IPO GMP (Grey Market Premium) is ₹-10 as of Wed, Aug 20, 2025. Based on the upper price band of ₹85 per share, the estimated Mahendra Realtors IPO listing price is ₹75, indicating a potential listing gain of approximately 31% over the issue price.