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.