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Mahendra Realtors IPO is a book build issue of ₹49.45 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to ₹40.17 crores and offer for sale of 0.11 crore shares aggregating to ₹9.28 crores.
Mahendra Realtors IPO bidding started from Aug 12, 2025 and ended on Aug 14, 2025. The allotment for Mahendra Realtors IPO was finalized on Aug 18, 2025. The shares got listed on NSE SME on Aug 20, 2025.
Mahendra Realtors IPO price band is set at ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000.00 (3,200 shares). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹4,08,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Mahendra Realtors IPO RHP for detailed Information.
| IPO Date | August 12, 2025 to August 14, 2025 |
| Listing Date | August 20, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 58,17,600 shares (aggregating up to ₹49.45 Cr) |
| Reserved for Market Maker | 2,91,200 shares Rikhav Securities Ltd. (aggregating up to ₹2.48 Cr) |
| Fresh Issue (Ex Market Maker) | 44,35,200 shares (aggregating up to ₹37.70 Cr) |
| Offer for Sale | 10,91,200 shares of ₹10 (aggregating up to ₹9.28 Cr) |
| Net Offered to Public | 55,26,400 shares (aggregating up to ₹46.97 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,73,77,500 shares |
| Share Holding Post Issue | 2,21,03,900 shares |
Mahendra Realtors IPO offers total 58,17,600 shares. Out of which 56,000 (0.96%) allocated to QIB, 27,08,800 (46.56%) allocated to NII, 27,61,600 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,91,200 (5.01%) |
| QIB Shares Offered | 56,000 (0.96%) |
| NII (HNI) Shares Offered | 27,08,800 (46.56%) |
| − bNII > ₹10L | 18,06,400 (31.05%) |
| − sNII < ₹10L | 9,02,400 (15.51%) |
| Retail Shares Offered | 27,61,600 (47.47%) |
| Total Shares Offered | 58,17,600 (100.00%) |
Mahendra Realtors IPO opens on August 12, 2025, and closes on August 14, 2025.
| IPO Open Date | Tue, Aug 12, 2025 |
| IPO Close Date | Thu, Aug 14, 2025 |
| Tentative Allotment | Mon, Aug 18, 2025 |
| Initiation of Refunds | Tue, Aug 19, 2025 |
| Credit of Shares to Demat | Tue, Aug 19, 2025 |
| Tentative Listing Date | Wed, Aug 20, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 14, 2025 |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,72,000 |
| Individual investors (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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in June 2007, Mahendra Realtors and Infrastructure Limited provides various services, including Structural Repairs, Rehabilitation, Retrofitting, Waterproofing, Corporate Interiors, BOT Projects, Maintenance, Construction, and Infrastructure Restoration.
The company has undertaken several structural repair projects for government departments and public organizations, including CIDCO Vashi and Belapur Railway Stations, using innovative techniques like polymer-modified mortar, micro 138 concrete, and waterproofing. Structural repairs at Ghatkopar secured a Stability Certificate from IIT Bombay, involving steel jacketing, external repairs, and retrofitting. The company has also completed corporate interior projects at IIT Bombay, Airport Authority of India, VVIP Circuit House in Pune, and SVP Hospital in Ahmedabad.
The company has completed 200+ projects for 50+ clients, averaging timely completion.
The company's services include the following-
As of December 31, 2024, the company has ongoing projects in Andhra Pradesh, Delhi, Goa, Gujarat, Maharashtra and Tamil Nadu.
As of September 30 2024, the company has 74 employees in various departments.
Competitive Strength
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| 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 | 21.90 | 17.00 | 9.04 |
| Net Worth | 70.89 | 56.02 | 44.44 |
| Reserves and Surplus | 53.51 | 38.65 | 43.20 |
| Total Borrowing | 27.81 | 16.13 | 43.64 |
| Amount in ₹ Crore | |||
The market capitalization of Mahendra Realtors IPO is ₹187.88 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.55 | 6.73 |
| P/E (x) | 9.94 | 12.64 |
The Company Mahendra Realtors IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 30.40 |
| 2 | General Corporate Purposes | 5.36 |
| 3 | Issue Expenses | 4.42 |
[Dilip Davda] MRIL is engaged in offering infrastructure related variety of services with major focus on government and PSU contracts. It marked growth in its top and bottom lines for the reported periods. The higher margins earned from FY24 onwards is attributed to specialized services offered. Based on its recent financial data, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | August 20, 2025 |
| BSE Script Code | |
| NSE Symbol | MRIL |
| ISIN | INE632Q01018 |
| Final Issue Price | ₹85 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹68.00 |
| Last Trade | ₹64.60 |
Mahendra Realtors & Infrastructure Ltd.
603, Quantum Tower, Ram Baug, Opp Dal Mill
Off S.V. Road,
Malad (West)
Mumbai, Maharashtra, 400064
Phone: +91 9082850343
Email: info@mripl.net
Website: http://www.mripl.net/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mahendrarealtors.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Mahendra Realtors IPO is a SME IPO of 58,17,600 equity shares of the face value of ₹10 aggregating up to ₹49.45 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on August 12, 2025, and closes on August 14, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Mahendra Realtors IPO using UPI as a payment gateway. Zerodha customers can apply in Mahendra Realtors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mahendra Realtors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mahendra Realtors IPO opens on August 12, 2025 and closes on August 14, 2025.
Mahendra Realtors IPO lot size is 1600, and the minimum amount required for application is ₹2,72,000, with 2 lots being the minimum application size.
You can apply in Mahendra Realtors IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mahendra Realtors IPO will be done on Monday, August 18, 2025, and the allotted shares will be credited to your demat account by Tuesday, August 19, 2025. Check the Mahendra Realtors IPO allotment status.
The Mahendra Realtors IPO listing date is on Wednesday, August 20, 2025.
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