Mahendra Realtors & Infrastructure Limited IPO – Detailed Overview

Mahendra Realtors & Infrastructure Limited, established in 2007 and based in Mumbai, is a leading construction company specializing in turnkey projects and contracting. The company has delivered over 500 high-quality projects across India with a focus on timely delivery, modern technology, and superior craftsmanship.

IPO Details and Price Band

The company is launching a Book Built Issue IPO with a total size of ₹49.45 crore. This includes a fresh issue of ₹40.17 crore (47.26 lakh shares) and an offer for sale of ₹9.27 crore (10.91 lakh shares). The IPO subscription window is from August 12 to August 14, 2025. The shares will be listed on the NSE SME platform, with a tentative listing date of August 20, 2025.

• IPO Price Band: ₹75 to ₹85 per equity share

• Market Capitalisation: ₹187.88 crore at ₹85 share price

• Lot Size: 1,600 shares

• Minimum Investment for Retail Investors: 2 lots (3,200 shares) amounting to ₹2,72,000

Lead Manager, Registrar and Market Maker

• Book Running Lead Manager: FAST TRACK FINSEC PRIVATE LIMITED

• Registrar: MUFG INTIME INDIA PRIVATE LIMITED

• Market Maker: Rikhav Securities Limited

Grey Market Premium (GMP)

The Grey Market Premium for Mahendra Realtors IPO is ₹0, indicating no speculative trading before listing. The GMP reflects informal demand and supply but is not reliable for price discovery and is provided only for informational purposes.

Financial Performance Highlights

Mahendra Realtors & Infrastructure has shown consistent financial growth over the past three years:

• Revenue from Operations:

  • FY2025: ₹128.69 crore

  • FY2024: ₹105.11 crore

  • FY2023: ₹66.07 crore

• EBITDA:

  • FY2025: ₹21.89 crore

  • FY2024: ₹16.99 crore

  • FY2023: ₹9.04 crore

• Profit After Tax (PAT):

  • FY2025: ₹14.87 crore

  • FY2024: ₹11.58 crore

  • FY2023: ₹4.04 crore

Key Financial Ratios

• Pre-issue EPS: ₹8.55

• Post-issue EPS: ₹6.73

• Pre-issue P/E Ratio: 9.94x

• Post-issue P/E Ratio: 12.64x

• Industry P/E Ratio: 38x

• ROCE (FY2024): 30.56%

• ROE (FY2024): 23.43%

• Return on Net Worth (RoNW): 23.43%

Use of Proceeds

The net proceeds from the IPO will be used primarily for:

1. Working capital requirements: ₹30.40 crore

2. General corporate purposes

3. Issue expenses

IPO Allotment and Listing Timeline

• IPO Opens: 12 August 2025

• IPO Closes: 14 August 2025

• Allotment Date: 18 August 2025

• Listing Date: 20 August 2025 (Tentative)

How to check IPO allotment status:

1. Visit the registrar’s IPO allotment status portal.

2. Select Mahendra Realtors & Infrastructure Limited IPO from the dropdown.

3. Enter application number, PAN, or DP Client ID.

4. Submit details to view allotment status.

Investment Recommendation

Mahendra Realtors & Infrastructure shows steady revenue and profit growth, backed by an experienced management team. However, the zero GMP and relatively low P/E ratio compared to industry signal limited upside for listing gains. Therefore, investors are advised to avoid applying to this IPO if seeking short-term listing profits. Long-term investors should consider the company's fundamentals and sector potential before investing.

Disclaimer
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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