Mahendra Realtors & Infrastructure Limited
Bookbuilding IPO · NSE
- Price band
- ₹75 - ₹85
- Lot size
- 1,600 shares
- Issue amount
- ₹49.45 cr
- Total subscription
- 26.53×
- Opens
- 12 Aug 2025
- Closes
- 14 Aug 2025
- Allotment
- 18 Aug 2025
- Listing
- 20 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 58,17,600 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹40.17 cr
- Offer for sale
- ₹9.28 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,36,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,73,77,500
- Shares after issue
- 2,21,03,900
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,72,000 |
| sHNI | 3 | 4,800 | ₹4,08,000 |
| bHNI | 8 | 12,800 | ₹10,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 5 |
| NIB | 0 | 7,866 |
| RETAIL | 863 | 22,103 |
| HNIs(10L +) | 0 | 4,254 |
| HNIs (2-10L) | 0 | 3,612 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.48 | 20.74 |
| RETAIL | 23.49 | 601.2 |
| HNIs 2+ | 7.67 | 154.59 |
| HNIs 10+ | 15.34 | 469.7 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.55 | 6.66 | 2.33 |
| ROE | 23.43 | 23.05 | 9.53 |
| ROCE | 30.56 | 29.87 | 19.72 |
| RONW | 23.43 | 23.05 | 9.53 |
| PRE IPO(PE) | 9.94 | 0 | 0 |
| POST IPO(PE) | 12.64 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in June 2007, the company is engaged in a wide range of construction and restoration activities, including structural repairs, rehabilitation, retrofitting, waterproofing, corporate interiors, BOT projects, and infrastructure maintenance. It has completed over 200 projects for more than 50 clients, maintaining a strong track record of timely delivery. Notable clients include government and public sector bodies such as CIDCO, IIT Bombay, Airport Authority of India, SVP Hospital, and VVIP Circuit House in Pune, with specialized repair work certified by IIT Bombay using advanced techniques like steel jacketing and polymer-modified mortar. The company currently has ongoing projects across several states, including Andhra Pradesh, Delhi, Goa, Gujarat, Maharashtra, and Tamil Nadu, and as of September 30, 2024, employs 74 people.
Strengths
- Well-established market reputation – Proven track record builds business stability and customer trust.
- Efficient and quality operations – ISO-compliant processes ensure high quality, risk management, and timely delivery.
- Expert in government contracts – Strong public sector relationships and domain expertise support project success.
Risk factors
- High revenue dependence on few clients – Over 50% revenue comes from top 10 clients; losing any major one may impact business.
- No long-term contracts in place – Project-based work orders limit revenue stability and future predictability.
- Heavy reliance on government projects – Business depends on successful bids; delays or cancellations can hurt performance.
Promoters
Mr. Hemanshu Shah
Mr. Bhavesh Mahendrakumar Shah
Ms. Chandrika Mahendra Shah
Ms. Hetal Bhavesh Shah
Ms. Varsha Hemanshu Shah
Registrar & documents
Lead manager
Fast Track Finsec Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
603, Quantum Tower, Ram Baug, Opp Dal Mill Off S.V. Road, Malad (West) Mumbai, Maharashtra, 400064
+91 9082850343
[email protected]Company website ↗Understanding MRIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.