Comparison between Mahendra Realtors IPO and NAPS Global IPO.
Mahendra Realtors IPO is a SME Fixed Price IPO proposed to list at NSE SME while NAPS Global IPO is a SME Fixed Price proposed to list at BSE SME.
| Mahendra Realtors IPO | NAPS Global IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Novus Capital Advisors Private Limited | Aryaman Financial Services Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Rikhav Securities Ltd. | Aryaman Capital Markets Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Mahendra Realtors IPO is up to ₹46.97 Cr whereas the issue size of the NAPS Global IPO is up to ₹11.23 Cr. The final issue price of Mahendra Realtors IPO is ₹85.00 per share and of NAPS Global IPO is ₹90.00 per share.
| Mahendra Realtors IPO | NAPS Global IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹75.00 per share | |
| Issue Price (Upper) | ₹85.00 per share | |
| Issue Price (Final) | ₹85.00 per share | ₹90.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1600 shares |
| Fresh Issue Size | 44,35,200 shares | 12,48,000 shares |
| Fresh Issue Size (Amount) | up to ₹37.70 Cr | up to ₹11.23 Cr |
| OFS Issue Size | 10,91,200 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹9.28 Cr | up to ₹0.00 Cr |
| Issue Size Total | 55,26,400 shares | 12,48,000 shares |
| Issue Size Total (Amount) | up to ₹46.97 Cr | up to ₹11.23 Cr |
Mahendra Realtors IPO opens on Aug 12, 2025, while NAPS Global IPO opens on Mar 04, 2025. The closing date of Mahendra Realtors IPO and NAPS Global IPO is Aug 14, 2025, and Mar 06, 2025, respectively.
| Mahendra Realtors IPO | NAPS Global IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Aug 12, 2025 | Mar 04, 2025 |
| Issue Close | Aug 14, 2025 | Mar 06, 2025 |
| Basis Of Allotment (Tentative) | Aug 18, 2025 | Mar 07, 2025 |
| Initiation of Refunds (Tentative) | Aug 19, 2025 | Mar 10, 2025 |
| Credit of Share (Tentative) | Aug 19, 2025 | Mar 10, 2025 |
| Listing date (Tentative) | Aug 20, 2025 | Mar 11, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Mahendra Realtors IPO P/E ratio is 9.94, as compared to NAPS Global IPO P/E ratio of 19.27.
| Mahendra Realtors IPO | NAPS Global IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)Mahendra Realtors & Infrastructure Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)
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| Promoter Shareholding (Pre-Issue) | 100 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.68 | 70.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.94 | 19.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹187.88 Cr. | ₹39.87 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.43 | 59.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 30.56 | 47.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.55 | ₹4.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.43 | 38.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Mahendra Realtors IPO Retail Individual Investors (RII) are offered 27,61,600 shares while in NAPS Global IPO retail investors are offered 27,61,600 shares. Qualified Institutional Buyers (QIB) are offered 56,000 shares in Mahendra Realtors IPO and 0 shares in NAPS Global IPO.
| Mahendra Realtors IPO | NAPS Global IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 2,91,200 shares | 72,000 shares |
| QIB | 56,000 shares | 0 shares |
| NII | 27,08,800 shares | 4,19,200 shares |
| RII | 27,61,600 shares | 8,28,800 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 55,26,400 shares | 12,48,000 shares |
Mahendra Realtors IPO subscribed 25.15x in total, whereas NAPS Global IPO subscribed 1.19x.
| Mahendra Realtors IPO | NAPS Global IPO | |
|---|---|---|
| QIB (times) | 43.57x | |
| NII (times) | 27.02x | 0.78x |
| Big NII (times) | 30.46x | |
| Small NII (times) | 20.15x | |
| RII (times) | 25.59x | 1.60x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 25.15x | 1.19x |
