Mahendra Realtors IPO
GMP, Subscription, Price, Dates & Financial Details
Construction - Real Estate
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+…
Open Date
Tue, 12 Aug 2025
Close Date
Thu, 14 Aug 2025
Price Band
₹ 75 – 85
Lot Size
1600
Issue Size
₹ 49.45 Cr
Minimum Investment
₹ 272,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Mahendra Realtors IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹49.45 Crore, comprising a fresh issue of 44.35 Lakh equity shares aggregating to ₹37.70 Crore and an offer for sale (OFS) of 10.91 Lakh equity shares aggregating to ₹9.28 Crore by the existing shareholders.
The Mahendra Realtors IPO remained open for subscription from August 12, 2025, to August 14, 2025. The basis of allotment was finalized on August 18, 2025, and the company's shares were listed on NSE SME Platform on August 20, 2025.
The company had fixed the price band at ₹75 to ₹85 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹272,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Fast Track Finsec Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Mahendra Realtors & Infrastructure Ltd is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Mahendra Realtors IPO Timeline (Tentative)
- IPO Open Date
- Tue, 12 Aug 25
- IPO Close Date
- Thu, 14 Aug 25
- Basis of Allotment
- Mon, 18 Aug 25
- Initiation of Refunds
- Tue, 19 Aug 25
- Credit of Shares to Demat
- Tue, 19 Aug 25
- Listing Date
- Wed, 20 Aug 25 — NSE & BSE
Open Date
12 August 2025
Close Date
14 August 2025
Basis Of Allotment
18 August 2025
Listing Date
20 August 2025
IPO Subscription
Check Live Subscription →The Mahendra Realtors IPO has received bids for 14,66,16,000 shares against 55,26,400 shares offered, resulting in an overall subscription of 26.53x. the NII category is subscribed 27.13x, Retail Investors 25.6x, and QIBs 43.57x. Within the NII category, BNII is subscribed 30.62x, while SNII is subscribed 20.15x.
QIB
43.57x
NII
27.13x
BNII
30.62x
SNII
20.15x
RII
25.6x
Total
26.53x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 27,63,200 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 56,000 shares (0%), while Non-Institutional Investors (NIIs) receive 27,07,200 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 56,000 | 0% |
| Non-Institutional | 2,707,200 | 0% |
| BNII | 1,804,800 | 0% |
| SNII | 902,400 | 0% |
| Retail Investors | 2,763,200 | 0% |
| Total | 8,233,600 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Mahendra Realtors & Infrastructure Ltd KPI Information
| 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 |
| Pat Margin % | 11.91 | 11.41 | 6.41 |
Peers Comparison
| 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 |
About Mahendra Realtors & Infrastructure Ltd
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.
Mahendra Realtors IPO 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%
Mahendra Realtors IPO Objective
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*
Mahendra Realtors & Infrastructure Ltd Address / Contact Details
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
Mahendra Realtors IPO Lot Size
The Mahendra Realtors IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,72,000 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,72,000.
| 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 |
Issue Reservation
Book Running Lead Managers
- Fast Track Finsec Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Mahendra Realtors IPO?
Mahendra Realtors IPO is a Book-building IPO with a total issue size of ₹49.45 crore. The Mahendra Realtors IPO price band is ₹75 to 85 per share. The Mahendra Realtors IPO subscription opens on Tue, Aug 12, 2025, and closes on Thu, Aug 14, 2025. The Mahendra Realtors IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Mahendra Realtors IPO.
When will the Mahendra Realtors IPO open for subscription?
The Mahendra Realtors IPO opens on Tue, Aug 12, 2025 and closes on Thu, Aug 14, 2025
What is Mahendra Realtors IPO Price Band?
Mahendra Realtors IPO Price Band is ₹75 to 85 per share.
What is Mahendra Realtors IPO Lot Size?
Mahendra Realtors IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹272000 based on the upper price band
What is the minimum investment for Mahendra Realtors IPO?
The minimum investment for Mahendra Realtors IPO is ₹272000, based on one lot of 1600 shares at the upper price band of ₹85 per share.
How to apply for Mahendra Realtors IPO?
Investors can apply for the Mahendra Realtors IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 14, 2025. The application amount remains blocked until the Mahendra Realtors IPO allotment is finalized.
What is Mahendra Realtors IPO Issue Size?
Mahendra Realtors IPO issue size is ₹49.45 crores.
What is the Mahendra Realtors IPO Allotment Date?
Mahendra Realtors IPO allotment date is Mon, Aug 18, 2025.
Who is the Mahendra Realtors IPO Registrar?
The registrar for Mahendra Realtors IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Mahendra Realtors IPO allotment status, refund processing, and other IPO-related information.
What is the Mahendra Realtors IPO GMP?
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 -11.76% over the issue price.
Who is the Mahendra Realtors IPO Lead Manager?
The book-running lead managers (BRLMs) for the Mahendra Realtors IPO are Fast Track Finsec Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Mahendra Realtors IPO Red Herring Prospectus (RHP).