Are you considering investing in the Mahendra Realtors & Infrastructure IPO? This SME IPO has created a buzz among investors due to its promising business model and growth potential. In this detailed guide, we will explain everything you need to know about the Mahendra Realtors IPO, from grey market premium (GMP) and subscription details to the company’s financials and whether it is a smart buy. Let’s dig deeper!
What is the Mahendra Realtors & Infrastructure IPO?
Mahendra Realtors & Infrastructure Ltd, a Mumbai-based company specialising in structural repairs, waterproofing and infrastructure projects. it is launching its initial public offering (IPO) to fuel its growth. The IPO aims to raise around ₹49.45 crore through fresh equity shares and an offer for sale (OFS). Here’s a brief overview:
- IPO Size: 58,17,600 equity shares (₹49.45 crore at the upper price band)
- Price Band: ₹75–₹85 per share
- Face Value: ₹10 per share
- Open Date: August 12, 2025
- Close Date: August 14, 2025
- Listing Date: August 20, 2025
- Exchange: NSE SME
The company plans to use the funds for working capital, general corporate purposes and to expand its presence in India’s infrastructure sector.
Grey Market Premium (GMP):
The grey market premium (GMP) for the Mahendra Realtors IPO is hovering around ₹7 per share, indicating a potential listing price of ₹92 (7-8% premium over the upper price band of ₹85). Although this indicates moderate investor enthusiasm, the GMP can fluctuate depending on market sentiment and subscription trends. Keep in mind that GMP is an informal measure and not a surefire predictor of listing performance.
Key IPO Dates and Timeline
Mark your calendars with these important dates for the Mahendra Realtors IPO:
- Application Period: August 12–14, 2025
- Allotment Finalization: August 18, 2025
- Refund Initiation: August 19, 2025
- Demat Credit: August 19, 2025
- Listing: August 20, 2025
These dates are crucial for investors applying for shares or tracking allotment status.
How to Check Mahendra Realtors IPO Allotment Status
Once the allotment is finalized, you can check your application status in a few simple steps:
- Visit the registrar’s website: MUFG Intime India.
- Select “Mahendra Realtors & Infrastructure Limited” from the dropdown.
- Enter your Application Number, PAN, or DP Client ID.
- Click “Submit” to view your allotment status.
The allotment status will be available starting August 18, 2025.
Mahendra Realtors IPO Subscription Status
Since the IPO will open on August 12, 2025, real-time Mahendra Realtors IPO subscription data is not available yet. However, SME IPOs like Mahendra Realtors, if available at a reasonable price, often see good demand from retail and high-net-worth individuals (HNIs). You can track live subscription updates for qualified institutional buyers (QIBs), non-institutional investors (NIIs) and retail investors on platforms like BSE, NSE or Chittorgarh.com.
Promoter Holding: Who Owns the Company?
The promoters of Mahendra Realtors & Infrastructure include:
- Mr. Hemanshu Shah
- Mr. Bhavesh Mahendrakumar Shah
- Ms. Chandrika Mahendra Shah
- Ms. Hetal Bhavesh Shah
- Ms. Varsha Hemanshu Shah
Promoter Shareholding:
- Pre-IPO: 100%
- Post-IPO: ~73.68%
The promoters acquired their shares at an average cost of ₹0.37–₹2.25, significantly lower than the IPO price, indicating strong confidence in the company’s future.
Mahendra Realtors IPO Reservation
The Mahendra Realtors IPO allocates shares across different investor categories:
- QIBs: Up to 50% of the Net Issue
- NIIs: At least 15% of the Net Issue
- Retail Investors: At least 35% of the Net Issue
- Market Maker: 2,91,200 shares
- Anchor Investors: Up to 16,57,920 shares (28.50% of the issue)
This structure ensures a balanced allocation, with retail investors getting a significant portion.
About Mahendra Realtors & Infrastructure Ltd
Established in 2007, Mahendra Realtors & Infrastructure is a trusted name in structural repairs, waterproofing, corporate interiors, and infrastructure projects. The company has completed over 200 projects for more than 50 clients, including high-profile government contracts. Key highlights:
- Services: Structural repairs, waterproofing, corporate interiors, and Build-Operate-Transfer (BOT) projects.
- Notable Projects: Structural repairs at CIDCO’s Vashi and Belapur Railway Stations, retrofitting at Ghatkopar (IIT Bombay certified), and corporate interiors for IIT Bombay and the Airport Authority of India.
- Geographical Presence: Active in Andhra Pradesh, Delhi, Goa, Gujarat, Maharashtra, and Tamil Nadu.
- Workforce: 74 full-time employees, supplemented by contract workers.
The company’s focus on quality and timely execution has earned it recognition, including awards for projects like the Sharad Pawar Bhavan in Pen.
Mahendra Realtors IPO Company Financials
Mahendra Realtors (MRIPL) has shown impressive financial growth over the past three years. Here’s a look at its restated consolidated financials (in ₹ crore):
| Year | Revenue | Expenses | Profit After Tax | Net Worth | Assets |
|---|---|---|---|---|---|
| FY 2023 | 66.07 | 59.90 | 4.04 | 40.40 | 98.21 |
| FY 2024 | 105.11 | 89.63 | 11.58 | 56.02 | 93.01 |
| FY 2025 | 128.69 | 108.21 | 14.87 | 63.54 | 137.54 |
Metrics (FY 2025):
- EPS: ₹8.55 (Pre-IPO), ₹6.73 (Post-IPO)
- P/E Ratio: 9.94 (Pre-IPO), 12.64 (Post-IPO)
- ROE: 23.43%
- ROCE: 30.56%
- Debt-to-Equity Ratio: 0.22
- PAT Margin: 11.91%
With a 22% revenue growth and a 28% increase in profits from FY 2024 to FY 2025, the company demonstrates strong operational efficiency and financial stability.
Mahendra Realtors IPO Lot Size: How Much to Invest?
The minimum lot size depends on the investor category:
- Retail (Minimum): 3,200 shares (₹2,72,000 at ₹85)
- Retail (Maximum): 3,200 shares
- Small HNI: 4,800 shares (₹4,08,000)
- Big HNI: 12,000 shares (₹10,20,000)
Applications must be in multiples of 1,600 shares.
Mahendra Realtors IPO Review: Should You Apply?
Here’s a balanced take on whether the Mahendra Realtors IPO is worth your investment:
- Strengths:
- Strong financial growth with growing revenues and profits.
- Low debt-to-equity ratio (0.22) reflects sound financial position.
- Diversified portfolio focused on government contracts, ensuring stable cash flow.
- Established reputation with over 200 completed projects.
- Concerns:
- The IPO is priced at a P/E ratio of 12.64 (post-IPO), which some analysts consider fully valued.
- Moderate GMP of ₹7 suggests limited listing gains.
- SME IPOs can be volatile, and returns depend on market conditions.
What is the Expert Opinion
Expert Opinion recommend a cautious stance. The company’s strong fundamentals and government-backed projects make it attractive for long-term investors. However, valuations and modest GMPs could limit short-term gains. If subscription numbers remain strong, it could signal strong investor confidence.
Buy or Not?
- Long-term investors: If you believe in India’s infrastructure growth story and the company’s ability to win contracts, consider applying. Its low debt and sustained growth look promising.
- Short-term investors: Keep an eye on subscription trends and GMPs closer to the closing date. A modest premium may not guarantee significant listing gains.
Always consult a financial advisor before investing.
IPO Lead Manager and Registrar
Lead Manager:
- Fast Track Finsec Pvt Ltd
- Address: Office No. V-116, 1st Floor, New Delhi House, 27, Barakhamba Road, New Delhi – 110001
- Phone: +91 11 43029809
- Email: investor@ftfinsec.com
- Website: www.ftfinsec.com
Registrar:
- MUFG Intime India Private Limited
- Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli West, Mumbai – 400 083
- Phone: +91 810 811 4949
- Email: mahendrarealtors.ipo@in.mpms.mufg.com
- Website: www.in.mpms.mufg.com
Company Contact Information
- Mahendra Realtors & Infrastructure Limited
- Address: 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
Conclusion
Mahendra Realtors & Infrastructure’s IPO offers an opportunity to invest in an emerging company in India’s infrastructure and construction sector. With strong financials, diversified portfolio and focus on government projects, it is an attractive option for long-term investors. However, moderate GMP and absolute pricing suggest caution for those seeking quick gains. Keep an eye on subscription trends and consult a financial advisor to make an informed decision.
Disclaimer: This article is for information only. Always read the IPO documents and consult a financial advisor before investing.
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