Mahendra Realtors & Infrastructure IPO

About Mahendra Realtors & Infrastructure IPO

A 100% book-built issue, the IPO of Mahendra Realtors & Infrastructure Ltd comprises a fresh issue and an offer for sale. The fresh issue is up to 47,26,400 equity shares, while the offer for sale is up to 10,91,200 equity shares of face value of ₹10 respectively. The price band is ₹75-₹85 and the lot size is 2400.

The IPO opens on August 12, 2025 and closes on August 14, 2025. The listing date is on August 20, 2025 and the allotment date is on August 18, 2025. The credit of shares to the Demat account will take place on August 19, 2025, while the initiation of refund will take place on August 19, 2025.

Mahendra Realtors & Infrastructure Ltd is engaged in providing a wide variety of services including but not limited to Structural Repairs, Rehabilitation, Retrofitting, Water Proofing, Corporate Interior, Build-Operate-Transfer (BOT) Projects, Maintenance, Construction, Infrastructure Restoration etc.

Objectives of Mahendra Realtors & Infrastructure IPO

• To meet the working capital requirements of the company
• To meet general corporate purposes
• To meet issue expenses

Industry Outlook

India’s high growth imperative in 2023 and beyond will significantly be driven by major strides in key sectors with infrastructure development being a critical force aiding the progress. Infrastructure is a key enabler in helping India become a US$ 26 trillion economy. The US$ 1.3 trillion national master plan for infrastructure, Gati Shakti, has been a forerunner to bring about systemic and effective reforms in the sector and has already shown a significant headway.

India's infrastructure sector is set for robust growth, with planned investments of US$ 1.4 trillion by 2025. According to CRISIL’s Infrastructure yearbook 2023, India will spend nearly ₹143 lakh crores (US$ 1,727.05 billion) on infrastructure in seven fiscals through 2030, more than twice the nearly ₹67 lakh crores (US$ 912.81 billion) spent in the previous seven years.

Company Information

Mahendra Realtors & Infrastructure Ltd is engaged in providing a wide variety of services including but not limited to structural repairs, rehabilitation, retrofitting, water proofing, corporate interior, build-operate-transfer (BOT) Projects, maintenance, construction, infrastructure restoration etc.

The company has undertaken several structural repairs projects for various government departments and public sectors organisations.

Strengths of Mahendra Realtors & Infrastructure IPO

• Established reputation
• Specialised skills
• Strong network
• Financial stability

Risks of Mahendra Realtors & Infrastructure IPO

• High dependence on top customers may adversely affect business
• Rejection or non-award of bids could impact its financial performance
• Delays or cancellations in construction and restoration projects may affect business and financial condition
• Geographical concentration of customers may limit operational flexibility
• Increase in competition in the Indian real estate sector may adversely affect profitability

Anchor Investor Bidding Date

Anchor portion of the IPO opens for bidding on August 11, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: MUFG Intime India Pvt Ltd
• Book Running Lead Manager: Fast Track Finsec Pvt Ltd

Business Model

The services of Mahendra Realtors & Infrastructure Ltd include:

• Works contract including structural repairs, restoration and retrofitting
• Corporate interior
• Build and operate transfer contractors
• Maintenance
• Construction
• Infrastructure restoration

Company Growth Trajectory

The revenue from operations of Mahendra Realtors & Infrastructure Ltd grew from ₹63.0202 crores in FY 23 to ₹124.7718 crores in FY 25. Its EBITDA margin increased from 14.34% in FY 23 to 17.55% in FY 25. The company’s PAT margin increased from 6.41% in FY 23 to 11.91% in FY 25. Established reputation coupled with a strong network has helped the company grow over the years.

Market Position

Mahendra Realtors & Infrastructure Ltd has completed more than 200 projects for over 50 clients. It has undertaken several structural repairs projects for various government departments and public sectors Organisations such as structural repairs projects at CIDCO Vashi Railway Station and Belapur Railway Station. It has also successfully completed various corporate interior projects at IIT Bombay, Airport Authority of India, etc.

How to Check Allotment Status of Mahendra Realtors & Infrastructure IPO?

1. Visit the Registrar’s Website

• Visit the website of Link Intime India Pvt Ltd, now MUFG India Pvt Ltd
• Select ‘Public Issues’ from ‘Investor Services’ dropdown
• Select ‘Company Name’ and enter either your PAN, Application No, DP Client ID, etc
• Click on ‘Submit’ to know the status

2. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Mahendra Realtors & Infrastructure Ltd IPO. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
• Application number
• PAN

Then click 'Submit' to know the allotment status.

How to Apply for Mahendra Realtors & Infrastructure IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.