Mahendra Realtors IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 12 to Aug 14 2025
Price Band
₹85
Current GMP
₹68.0(-20%)
Subscription
25.15 times
IPO Details
| IPO Date | August 12, 2025 to August 14, 2025 |
| Listing Date | August 20, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 Ltd. |
| 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 |
IPO Date
August 12, 2025 to August 14, 2025
Listing Date
August 20, 2025
Face Value
₹10 per share
Issue Price
₹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 Ltd.
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
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 43.57 |
| Non-Institutional Buyers*** | 27.02 |
| bNII (bids above ₹10L) | 30.46 |
| sNII (bids below ₹10L) | 20.15 |
| Individual Investors (IND category bidding for 2 Lots) | 25.59 |
| Total ** | 25.15 |
Market Maker
1
QIB (Ex Anchor)
43.57
Non-Institutional Buyers***
27.02
bNII (bids above ₹10L)
30.46
sNII (bids below ₹10L)
20.15
Individual Investors (IND category bidding for 2 Lots)
25.59
Total **
25.15
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Aug 12, 2025 | 0.00 | 0.13 | 0.17 | 0.06 | 0.24 | 0.17 |
| Day 2 Aug 13, 2025 | 0.00 | 0.76 | 0.86 | 0.55 | 1.63 | 1.13 |
| Day 3 Aug 14, 2025 | 43.57 | 27.02 | 30.46 | 20.15 | 25.59 | 25.15 |
DayDay 1
Aug 12, 2025
QIB (Ex Anchor)0.00
NII*0.13
NII (> ₹10L)0.17
NII (< ₹10L)0.06
Individual Investors0.24
Total0.17
DayDay 2
Aug 13, 2025
QIB (Ex Anchor)0.00
NII*0.76
NII (> ₹10L)0.86
NII (< ₹10L)0.55
Individual Investors1.63
Total1.13
DayDay 3
Aug 14, 2025
QIB (Ex Anchor)43.57
NII*27.02
NII (> ₹10L)30.46
NII (< ₹10L)20.15
Individual Investors25.59
Total25.15
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 12-08-2025 | 85.00 | 6(7.06%) | 91 |
| 11-08-2025 | 85.00 | 6(7.06%) | 91 |
| 10-08-2025 | 85.00 | 6(7.06%) | 91 |
| 09-08-2025 | 85.00 | 6(7.06%) | 91 |
| 08-08-2025 | 85.00 | 6(7.06%) | 91 |
| 07-08-2025 | 85.00 | 0(0.00%) | 85 |
| 06-08-2025 | 85.00 | 0(0.00%) | 85 |
Date12-08-2025
Price85.00
GMP6(7.06%)
Estimate List Price91
Date11-08-2025
Price85.00
GMP6(7.06%)
Estimate List Price91
Date10-08-2025
Price85.00
GMP6(7.06%)
Estimate List Price91
Date09-08-2025
Price85.00
GMP6(7.06%)
Estimate List Price91
Date08-08-2025
Price85.00
GMP6(7.06%)
Estimate List Price91
Date07-08-2025
Price85.00
GMP0(0.00%)
Estimate List Price85
Date06-08-2025
Price85.00
GMP0(0.00%)
Estimate List Price85
IPO Important Dates
| 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 |
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
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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,72,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,72,000
ApplicationS-HNI (Min)
Lots3
Shares4,800
Amount₹4,08,000
ApplicationS-HNI (Max)
Lots7
Shares11,200
Amount₹9,52,000
ApplicationB-HNI (Min)
Lots8
Shares12,800
Amount₹10,88,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025137.54
31 Mar 202493.01
31 Mar 202398.21
Period EndedTotal Income
31 Mar 2025128.69
31 Mar 2024105.11
31 Mar 202366.07
Period EndedProfit After Tax
31 Mar 202514.87
31 Mar 202411.58
31 Mar 20234.04
Period EndedEBITDA
31 Mar 202521.90
31 Mar 202417.00
31 Mar 20239.04
Period EndedNet Worth
31 Mar 202570.89
31 Mar 202456.02
31 Mar 202344.44
Period EndedReserves and Surplus
31 Mar 202553.51
31 Mar 202438.65
31 Mar 202343.20
Period EndedTotal Borrowing
31 Mar 202527.81
31 Mar 202416.13
31 Mar 202343.64
Peers Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Mahendra Realtors and Infrastructure Limited | 8.55 | 40.79 | 23.43 | ||
| A B Infrabuild Limited | 3.36 | 20.74 | 53.54 | 0.17 | 8.95 |
| Maruti Infrastructure Ltd. | 0.21 | 14.77 | 66.29 | 0.07 | 0.93 |
Company NameMahendra Realtors and Infrastructure Limited
EPS (Basic)8.55
NAV (per share) (Rs)40.79
P/E (x)
RoNW (%)23.43
P/BV Ratio
Company NameA B Infrabuild Limited
EPS (Basic)3.36
NAV (per share) (Rs)20.74
P/E (x)53.54
RoNW (%)0.17
P/BV Ratio8.95
Company NameMaruti Infrastructure Ltd.
EPS (Basic)0.21
NAV (per share) (Rs)14.77
P/E (x)66.29
RoNW (%)0.07
P/BV Ratio0.93
IPO Reservation
| Market Maker Shares Offered | 2,91,200 (4.77%) |
| QIB Shares Offered | 56,000 (0.92%) |
| NII (HNI) Shares Offered | 27,07,200 (44.32%) |
| − bNII > ₹10L | 18,04,800 (29.54%) |
| − sNII < ₹10L | 9,02,400 (14.77%) |
| Retail Shares Offered | 27,63,200 (45.23%) |
| Total Shares Offered | 61,08,800 (100.00%) |
Market Maker Shares Offered
2,91,200 (4.77%)
QIB Shares Offered
56,000 (0.92%)
NII (HNI) Shares Offered
27,07,200 (44.32%)
− bNII > ₹10L
18,04,800 (29.54%)
− sNII < ₹10L
9,02,400 (14.77%)
Retail Shares Offered
27,63,200 (45.23%)
Total Shares Offered
61,08,800 (100.00%)
Information about company
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-
Structural Repairs and Restoration.
Waterproofing roofs, walls, and structures to prevent water penetration.
Corporate Interior executes Civil, Carpentry, HVAC, Firefighting, Plumbing, Painting, Data Networking, Audiovisual, and Furniture work, enhancing commercial spaces with careful planning.
Build and Operate Transfer Contractors.
Maintenance of buildings, bridges, Facilities, etc.
Repairs and retrofitting of infrastructure like bridges and culverts.
Construction contracts from government authorities to undertake building projects.
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
Established reputation contributing to the long-term success and stability of the business.
Specializes in procurement, ensuring compliance, managing risks, controlling budgets, and meeting deadlines and quality standards by adhering to ISO.
Building relationships in government contracts reflects unique expertise and knowledge essential for securing and executing projects.
Strong relationships and connections within government agencies and with industry partners.
Maintaining financial health to invest in projects, manage costs, and withstand economic fluctuations or challenges.
Objectives of IPO
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
3
Issue Expenses
Disclaimer
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