Mahendra Realtors SME IPO Subscription Status
Mahendra Realtors SME IPO closed on 14 August 2025 with an overall subscription of 25.15x based on shares applied. QIB demand came in at 43.57x, NII at 27.13x, and retail at 25.60x.
Allotment will be finalised on 18 August 2025. The stock is scheduled to list on NSE and BSE on 20 August 2025.
Issue Price
Rs 85.00
GMP Today
Rs 6.00 (+7.06%)
Overall Subscription
25.15x
Issue Size
₹46.97 Cr
Allotment Date
18 Aug 2025
Listing Date
20 Aug 2025
Mahendra Realtors SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 85.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 47.60 L | Rs 20.74 Cr | 43.57x |
| FII | - | Rs 19.99 Cr | - |
| DFI | - | Rs 48.96 L | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 25.84 L | - |
| NII | Rs 23.01 Cr | Rs 624.29 Cr | 27.13x |
| bNII (above Rs 10L) | Rs 15.34 Cr | Rs 469.70 Cr | 30.62x |
| Corporate | - | Rs 10.09 Cr | - |
| Individual | - | Rs 449.36 Cr | - |
| Other | - | Rs 10.25 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 7.67 Cr | Rs 154.59 Cr | 20.15x |
| Corporate | - | Rs 1.02 Cr | - |
| Individual | - | Rs 152.96 Cr | - |
| Other | - | Rs 61.20 L | - |
| IND | Rs 23.49 Cr | Rs 601.20 Cr | 25.60x |
| Total | Rs 46.97 Cr | Rs 1,246.24 Cr | 26.53x |
Mahendra Realtors SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 35 | 5 | 0.14x |
| FII | - | 1 | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 3 | - |
| NII | 564 | 7,866 | 13.95x |
| bNII (above Rs 10L) | 376 | 4,254 | 11.31x |
| Corporate | - | 71 | - |
| Individual | - | 4,089 | - |
| Other | - | 94 | - |
| sNII (Rs 2L to Rs 10L) | 188 | 3,612 | 19.21x |
| Corporate | - | 25 | - |
| Individual | - | 3,572 | - |
| Other | - | 15 | - |
| IND | 864 | 22,103 | 25.58x |
| Total | 1,463 | 29,974 | 20.49x |
What Do These Subscription Numbers Mean?
A subscription of 25.15x by shares means the IPO received bids for 25 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 43.57x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 43.57x, it reflects serious institutional conviction.
NII at 13.95x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 11.31x and sNII at 19.21x by applications. Share subscription was 27.13x. Allotment uses application count, not share volume.
At 25.58x subscription by applications, approximately 1 in 26 retail applicants can expect an allotment (~4% per application). Retail allotment is done by lottery when oversubscribed.
Mahendra Realtors SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 25.58x.
- •Allotment odds: about 1 in 26 (~4% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 19.21x.
- •Allotment odds: about 1 in 19 for a minimum-lot application (~5% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 20.15x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 11.31x.
- •Allotment odds: about 1 in 11 for a minimum-lot application (~9% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 30.62x. Allotment uses application count, not share volume.
Check the Mahendra Realtors SME IPO Allotment Status page from 18 August 2025 for your allotment result.
Mahendra Realtors SME IPO GMP After Subscription
GMP for Mahendra Realtors SME stands at Rs 6.00 today, giving an estimated listing price of Rs 91.00 per share.
A subscription of 25.15x combined with a GMP of 7.06% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Mahendra Realtors SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Mahendra Realtors SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 12 Aug 2025 | 0.00x | 0.13x | 0.24x | 0.17x |
| Day 2 - 13 Aug 2025 | 0.00x | 0.76x | 1.63x | 1.13x |
| Day 3 - 14 Aug 2025 | 43.57x | 27.01x | 25.54x | 25.12x |
Mahendra Realtors SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 12 August 2025 |
| IPO Close Date | 14 August 2025 |
| Allotment Date | 18 August 2025 |
| Refund Initiation | 19 August 2025 |
| Share Credit to Demat | 19 August 2025 |
| Listing Date | 20 August 2025 |
| Minimum Investment | Rs 2,72,000.00 |
| Lot Size | 1600 shares |
About Mahendra Realtors SME
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Mahendra Realtors SME IPO Subscription FAQs
What is Mahendra Realtors SME IPO subscription status today?
Mahendra Realtors SME IPO subscription closed on 14 August 2025 with overall subscription of 25.15x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 43.57x, NII 13.95x, IND 25.58x.
What is the overall subscription of Mahendra Realtors SME IPO?
Mahendra Realtors SME IPO is subscribed 25.15x overall by shares at close on 14 August 2025. QIB 43.57x, NII 13.95x, and IND 25.58x.
What is Mahendra Realtors SME IPO QIB subscription?
Mahendra Realtors SME IPO QIB (Qualified Institutional Buyers) subscription is 43.57x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Mahendra Realtors SME IPO IND subscription?
Mahendra Realtors SME IPO IND subscription is 25.58x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Mahendra Realtors SME IPO NII subscription?
Mahendra Realtors SME IPO NII (Non-Institutional Investors) subscription is 13.95x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Mahendra Realtors SME IPO for retail?
At 25.58x subscription by applications, approximately 1 in 26 retail applicants can expect an allotment (~4% per application). Allotment is done by lottery.
When is Mahendra Realtors SME IPO allotment date?
Mahendra Realtors SME IPO allotment date is 18 August 2025. Check Mahendra Realtors SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Mahendra Realtors SME IPO subscription close?
Mahendra Realtors SME IPO subscription closed on 14 August 2025. No new applications are accepted after the close.
What is Mahendra Realtors SME IPO GMP today?
Mahendra Realtors SME IPO GMP is ₹6 today (+7.06% over issue price ₹85). See live GMP on the Mahendra Realtors SME IPO GMP Today page.
What is Mahendra Realtors SME IPO issue price and lot size?
Mahendra Realtors SME IPO issue price is ₹85 per share. Lot size is 1600 shares. Minimum investment is ₹2,72,000 per lot (minimum 2 lots for SME). Issue size: ₹46.97 Cr.
When is Mahendra Realtors SME IPO listing date?
Mahendra Realtors SME IPO listing date is 20 August 2025 on NSE and BSE. Allotment is on 18 August 2025.
How does subscription affect Mahendra Realtors SME IPO allotment?
Allotment odds in Mahendra Realtors SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 13.95x by applications means roughly 1 in 14 for minimum-lot bids; bNII at 11.31x (~1 in 11). At 25.15x overall, competition is high.
For allotment results from 18 August 2025, visit the Mahendra Realtors SME IPO Allotment Status page. For listing day updates on 20 August 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.