Mahendra Realtors and Infrastructure Ltd. is launching its IPO to raise capital for working capital, corporate purposes, and issue expenses. The IPO will open on August 12, 2025 and close on August 14, 2025. Shares are planned to be listed on the NSE SME platform.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | August 12, 2025 |
| IPO Close Date | August 14, 2025 |
| Listing Date | August 20, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹75 to ₹85 per share |
| Issue Size | Approx. ₹49.45 Crores |
| Fresh Issue | Approx. ₹40.17 Crores |
| Offer for Sale | Approx. 10,91,200 Equity Shares |
| Lot Size | 800 shares |
| Issue Type | Book Build Issue |
| IPO Listing | |
| Retail Quota | Up to 35% |
| QIB Quota | Up to 50% |
| NII (HNI) Quota | Up to 15% |
Market Lot Information
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 1,600 | 1,36,000 |
| Retail Maximum | 2 | 1,600 | 1,36,000 |
| S-HNI Minimum | 3 | 3,200 | 2,72,000 |
| S-HNI Maximum | 14 | 11,200 | 9,52,000 |
| B-HNI Minimum | 15 | 12,000 | 10,20,000 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | August 12, 2025 |
| IPO Closing | August 14, 2025 |
| Basis of Allotment | August 18, 2025 |
| Refund Initiation | August 19, 2025 |
| Demat Credit | August 19, 2025 |
| Listing Date | August 20, 2025 |
Promoters
- Mr. Hemanshu Shah
- Mr. Bhavesh Mahendrakumar Shah
- Ms. Chandrika Mahendra Shah
- Ms. Hetal Bhavesh Shah
- Ms. Varsha Hemanshu Shah
About the Company
Mahendra Realtors and Infrastructure Limited, established in June 2007, provides a variety of services including structural repairs, rehabilitation, retrofitting, waterproofing, corporate interiors, BOT projects, maintenance, construction, and infrastructure restoration. The company has contributed to important projects for government bodies such as CIDCO and railway stations at Vashi and Belapur, using advanced technologies like polymer-modified mortar and micro concrete. Notable works include steel jacketing and retrofitting at Ghatkopar (with a Stability Certificate from IIT Bombay) and interior projects for IIT Bombay, Airport Authority of India, VVIP Circuit House Pune, and SVP Hospital Ahmedabad.
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 66.07 | 59.90 | 4.04 | 98.21 |
| 2024 | 105.11 | 89.63 | 11.58 | 93.01 |
| 2025 | 128.69 | 108.21 | 14.87 | 137.54 |
Key Financial Ratios (FY2025)
| KPI | Value |
|---|---|
| ROE | 23.43% |
| ROCE | 30.56% |
| EBITDA Margin | 17.55% |
| PAT Margin | 11.91% |
| Debt to Equity Ratio | – |
| EPS (Basic) | ₹8.55 |
| Price/Earning Ratio | N/A |
| RoNW | 23.43% |
| Net Asset Value (NAV) | ₹40.79 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| AB Infrabuild Limited | 3.36 | 53.54 | 0.17 | 20.74 | 16.12 Cr. |
| Maruti Infrastructure Limited | 0.21 | 66.29 | 0.07 | 14.77 | 1.93 Cr. |
Purpose of the IPO
- Working capital requirement
- General corporate purposes
- Issue expenses
Registrar & Contact Details
Registrar:
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: mahendrarealtors.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Lead Manager:
Fast Track Finsec Pvt Ltd
Company Address:
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: www.mripl.net
Reviews
Brokerage and research house reviews for Mahendra Realtors IPO are awaited.
