IPO Details
Bidding Dates
12 Aug 25 - 14 Aug 25
Price Range ₹
75 - 85
Total Equity
₹ 49.45Cr
Lot Size
3200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
12 Aug 2025
Offer end
14 Aug 2025
Allotment
18 Aug 2025
Refund initiation
19 Aug 2025
Demat transfer
19 Aug 2025
Listing
20 Aug 2025
Offer start
12 Aug 2025
Offer end
14 Aug 2025
Allotment
18 Aug 2025
Refund initiation
19 Aug 2025
Demat transfer
19 Aug 2025
Listing
20 Aug 2025
About Company
Mahendra Realtors and Infrastructure Limited, incorporated in June 2007, is an infrastructure services company offering a wide array of solutions such as structural repairs, retrofitting, waterproofing, corporate interiors, BOT (Build-Operate-Transfer) projects, construction, and maintenance services. With a strong track record of over 200 projects completed for more than 50 clients, the company has served several public and government institutions including CIDCO, Indian Railways, IIT Bombay, Airport Authority of India, and SVP Hospital. The firm employs modern engineering techniques like polymer-modified mortar and steel jacketing and earned a Stability Certificate from IIT Bombay for critical repair work. Its services span multiple Indian states including Maharashtra, Gujarat, Delhi, Tamil Nadu, Andhra Pradesh, and Goa. As of September 30, 2024, the company employed 74 personnel across various functions. With a market capitalization of ₹187.88 crore and plans to raise capital primarily for working capital needs, Mahendra Realtors is strategically positioned for expansion. Its competitive edge lies in government contract expertise, adherence to ISO standards, procurement efficiency, and strong industry relationships.
Year Founded
08-06-2007
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 17377500 | 0 |
Offer to Public
58,17,600.00 Cr
Project Details
- Working Capital Requirement - 304cr
Objectives
- To meet out the Working Capital requirements of the Company.To meet the General Corporate Purposes.To meet the Issue Expenses.
Highlights
- High ROE (23.05%), ROCE (29.87%), and PAT margin (11.41%) indicate robust financial performance and efficient operations.
- Offers a comprehensive range of infrastructure-related services from repairs to interiors and construction, catering to both government and private clients.
- Completed 200+ projects with timely delivery and successful execution for reputed government agencies and institutions.
- A low debt-to-equity ratio (0.09) suggests financial stability and the capacity to raise further capital if required.
- Long-standing relationships with public sector bodies and knowledge of regulatory frameworks improve project pipeline visibility and execution certainty.
Challenges
- With a relatively modest asset base and market cap (₹187.88 Cr), it may face scale-related challenges in large national infrastructure tenders.
- Revenues can be lumpy depending on project wins and completions (e.g., income fluctuated from ₹95.27 Cr in FY22 to ₹66.07 Cr in FY23).
- Heavy reliance on public sector projects could expose the company to delays, regulatory shifts, or funding uncertainties.
- With only 74 employees, operational scale and manpower flexibility may be limited compared to more established infrastructure firms.
- Despite its public sector success, Mahendra Realtors has relatively lower visibility in private sector construction or real estate segments, possibly limiting diversification.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 9,811.57 | 124.13 | 8,02,20,890.00 | 8,02,20,890.00 | 4.6164 |
| 2022 | 9,38,330.00 | 12,413.00 | 1,23,45,759.00 | 1,23,45,759.00 | 0.7104 |
| 2025 | 13,722.08 | 1,737.75 | 1,46,58,388.00 | 1,46,58,388.00 | 0.8435 |
| 2021 | 8,46,885.25 | 12,412.50 | 1,23,45,759.00 | 1,23,45,759.00 | 0.7104 |
| 2024 | 9,268.20 | 1,737.75 | 1,486.63 | 1,486.63 | 8.5549 |
