Mahendra Realtors SME IPO
ListedNSE SMEOpens 12 August 2025Closes 14 August 2025
Mahendra Realtors & Infrastructure Ltd is an infrastructure company providing a wide range of services, including Structural Repairs, Rehabilitation, Retrofitting, Waterproofing, Corporate Interiors,…
Mahendra Realtors & Infrastructure Ltd is an infrastructure company providing a wide range of services, including Structural Repairs, Rehabilitation, Retrofitting, Waterproofing, Corporate Interiors, Build-Operate-Transfer (BOT) Projects, Maintenance, Construction, and Infrastructure Restoration. The company has a strong reputation and expertise in specialized services, with a focus on civil construction and restoration. It has successfully completed 126 projects and has 67 ongoing projects as of December 31, 2024. Key projects include work for the Airport Authority of India, BPCA, New India Assurance, and Mumbai University. The company's strong connections with government agencies are a key strength, and it is known for its financial stability.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
12 Aug 2025
IPO Closes
14 Aug 2025
Allotment
18 Aug 2025
Listing
20 Aug 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 12 August 2025 |
| IPO Close Date | 14 August 2025 |
| Allotment Date | 18 August 2025 |
| Listing Date | 20 August 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,72,000 |
SHNI (Min) | 3 | ₹4,08,000 |
SHNI (Max) | 7 | ₹9,52,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,88,000 |
IPO Objectives
- Working Capital Requirement.
- General Corporate Purposes.
- Issue Expenses.
Strengths
- The company has a solid reputation built on a diverse range of services, including specialized skills in niche areas like structural repairs.
- They have strong connections with government agencies, which provides a reliable and stable source of projects.
- The business has a lot of project experience, with 126 completed and 67 ongoing projects, showing a proven track record.
- They've demonstrated good financial stability, with consistent revenue and profit growth, and a 28% increase in profit after tax in FY25.
- A diversified service portfolio, from corporate interiors to waterproofing, reduces their dependence on any single type of project or client.
Weaknesses
- The company is heavily dependent on government agencies for its business, making it vulnerable to delays in funding or changes in government policies.
- The business is working capital intensive, meaning it needs a lot of cash to operate, and a large portion of the IPO money will go to covering these costs.
- They are highly concentrated in just a few states like Maharashtra and Madhya Pradesh, which exposes them to regional economic risks.
- The company operates in a very competitive and fragmented construction industry, which can lead to pressure on pricing and profit margins.
- Their performance is tied to the cyclical nature of the construction sector, so their business could be impacted by economic downturns.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 137.54 | 93.01 | 98.21 |
| Revenue (₹ Cr.) | 128.69 | 105.11 | 66.07 |
| PAT (₹ Cr.) | 14.87 | 11.58 | 4.04 |
| Net Worth (₹ Cr.) | 70.89 | 56.02 | 44.44 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Mahendra Realtors | 2.08 | 12.64 | 23.43% | 70.89 |
| A B Infrabuild Limited | 9.95 | 74.8 | 14.61% | 81.55 |
| Maruti Infrastructure Ltd. | 5.11 | -197.71 | 5.73% | 25.07 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0x | 43.57x |
| NII | 0.13x | 0.76x | 27.01x |
| S-HNI | 0.06x | 0.55x | 20.12x |
| B-HNI | 0.17x | 0.86x | 30.46x |
| RII | 0.24x | 1.63x | 25.54x |
| Total | 0.17x | 1.13x | 25.12x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 56,000 | 24,40,000 | 20.74 |
| NII | 27,07,200 | 7,31,26,400 | 621.57 |
| Small NII | 9,02,400 | 1,81,58,400 | 154.35 |
| Big NII | 18,04,800 | 5,49,68,000 | 467.23 |
| RII | 27,63,200 | 7,05,60,000 | 599.76 |
| Total | 58,17,600 | 14,61,26,400 | 1,242.07 |
Company Details
- Mahendra Realtors & Infrastructure Ltd.
- 603, Quantum Tower, Ram Baug, Opp Dal Mill Off S.V. Road, Malad (West), Mumbai, Maharashtra-400064
- +91 9082850343
- info@mripl.net
- http://www.mripl.net/
Registrar Details
- MUFG Intime India Private Limited (Link Intime)
- +91-22-4918 6270
- mahendrarealtors.ipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html
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Sources
We match Mahendra Realtors SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Private Limited (Link Intime)Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.