Vodafone Idea Limited FPO...
26 Aug, 2025
Mahendra Realtors & Infrastructure Limited IPO
The Mahendra Realtors & Infrastructure Limited IPO is a bookbuilt issue of ₹49.45 crores. The IPO will be a combination of 47.26 lakh fresh equity shares worth ₹40.17 crores and 10.91 lakh offer-for-sale shares worth ₹9.28 crores. The IPO opens for subscription on 12th August, 2025 and will be closed by 14th August, 2025. Allotment of the issue will be completed on 18th August 2025, with the shares likely to be listed on the NSE SME platform on 20th August 2025. A retail investor can apply for a lot size of 3,200 shares of ₹2,40,000 and HNIs can apply for 4,800 shares worth ₹4,08,000.
Company Background
Mahendra Realtors was incorporated in 2007 as a Mumbai-based infrastructure company that provides specialized services in civil engineering, structural repairs, waterproofing, rehabilitation, BOT projects and corporate interiors. The infrastructure provider firm has finished more than 200 projects for above 50 clients. It has an enhanced focus of service quality, cost-efficiency and timely delivery of work.
Operations & Product Range
Facility and Services
The company operates from its office in Malad, located in Mumbai, in order to provide a vast range of civil engineering and infrastructure services. Mahendra Realtors uses advanced techniques like jacketing, polymer-modified mortar, micro-concreting, fibre wrapping, and grouting for structural repairs and retrofitting of RCC structures. They also deliver specialized waterproofing solutions for roofs, terraces as well and foundations employing methods.
Brands and Market Presence
Mahendra Realtors & Infrastructures Limited has established a significant position in the market since its establishment 18 years ago. The company works on turnkey corporate interior projects comprising civil, electrical, HVAC and furniture installation that serve the needs of well-known and prominent clients like Begumpet Airport, IIT Bombay and Air India. It has finished over 200 projects for 50+ clients, including notable works for government departments as well as public sector organizations like repairs at CIDCO Vashi and Belapur railway stations.
Revenue Channels
The company's operational revenue has grown steadily, registering an increase from about ₹105 crore in FY24 to approximately ₹128.69 crore in 2025. It generates revenue primarily through:
- Structural repairs, rehabilitation & retrofitting projects that involve restoration as well as strengthening of RCC structures.
- Waterproofing services for roof, terraces and foundation waterproofing through the use of brickbat coba, polyurethane coatings and EPDM membranes.
- Turnkey interior projects like civil, electrical and HVAC for renowned clients like airports and educational institutions.
- Build-Operate-Transfer (BOT) Projects that involve designing, constructing and operating infrastructure projects.
- General construction contracts are mainly for government departments and public sector organizations.
Management & Shareholding
Promoters and Shareholders
The promoters of Mahendra Realtors & Infrastructure Limited IPO are Hemanshu Shah, Bhavesh Mahendrakumar Shah, Chandrika Mahendra Shah, Hetal Bhavesh Shah and Varsha Hemanshu Shah. The promoter group currently holds 100% of the company’s shares and their shareholding is expected to reduce to 73.68% after its IPO listing on 12th August, 2025.
Board Members
The board group of Mahendra Realtors includes various members with managerial expertise like, Mr. Hemanshu Shah, Managing Director of the company, Mr. Bhavesh Mahendrakumar Shah who is also a Managing Director of the company, Mr. Amit Rajeshkumar Shah and Shiv Karan the Additional Directors of the Mahendra Realtors and Ms. Hetal Bhavesh Shah who is the Non-Executive Director in Mahendra Realtors.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Mahendra Realtors & Infrastructure Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Mahendra Realtors & Infrastructure Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 12, 2025 to August 14, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹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 (aggregating up to ₹2.48 Cr) Rikhav Securities Limited |
| 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 & Infrastructure Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 August 14, 2025 |
Mahendra Realtors & Infrastructure Limited IPO Lot Size
| 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 |
Mahendra Realtors & Infrastructure Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.68% |
Competitive Strength:
- 1. Mahendra Realtors have become a well-reputed company through their services and completed projects.
- 2. The company has a speciality in procurement of raw materials, risk management, a cost-efficient way of working and meeting deadlines in compliance with ISO standards.
- 3. They have established long-term relations through government contracts reflecting knowledge and expertise in the execution of projects.
Mahendra Realtors & Infrastructure Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 137.54 | 128.69 | 14.87 | 70.89 | 27.81 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 93 | 105 | 12 | 56 | 16.13 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 98.21 | 66.07 | 4.04 | 44.44 | 43.64 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 | 7 |
| P/E (x) | 9.94 | 13 |
Objectives of Mahendra Realtors & Infrastructure Limited IPO
The process obtained from the IPO listing will be used for -
- Providing funds for the working capital requirements of the company.
- Providing capital to support general corporate functions.
Conclusion
Mahendra Realtors & Infrastructure Limited IPO provides investors with an opportunity to participate in a company that provides specialized services in civil engineering, structural repairs, waterproofing, rehabilitation, BOT projects and corporate interiors. The company’s vast portfolio of services provided to various government and corporate organisations has cemented the industry relations of the corporation. Mahendra Realtors & Infrastructure Limited IPO will further enhance the company’s position in the market and help in the smooth functioning of the company.
RHP:
DRHP:
Read more :
- Owais Metal and Mineral Processing Limited IPO
- Sadhav Shipping Limited IPO
- Refractory Shapes Limited IPO
Frequently asked Questions (FAQs )
-
1. What is the issue size and price of the Mahendra Realtors & Infrastructure Limited IPO?
The Mahendra Realtors & Infrastructure Limited IPO is a bookbuilt issue of ₹49.45 crores priced between ₹75 to ₹85 per share.
-
2. What is the IPO shareholding pattern post-IPO?
The promoter group currently holds 100% of the company’s shares and its shareholding is expected to reduce to 73.68% after its IPO listing
-
3. What is the minimum investment required by retail investors and HNIs?
A retail investor can apply for a lot size of 3,200 shares of ₹2,40,000 and HNIs can apply for 4,800 shares worth ₹4,08,000.
-
4. Who are the promoters of the company?
The promoters of Mahendra Realtors & Infrastructure Limited IPO are Hemanshu Shah, Bhavesh Mahendrakumar Shah, Chandrika Mahendra Shah, Hetal Bhavesh Shah and Varsha Hemanshu Shah.
.jpg)
