Mahendra Realtors & Infrastructure Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 56,000 (1%) | — | ₹5 Cr |
| NII (HNI) | — | 2,708,800 (47%) | — | ₹2,302 Cr |
| Retail | — | 2,761,600 (47%) | — | ₹2,347 Cr |
| Market Maker | — | 291,200 (5%) | — | ₹25 Cr |
| Σ Total | — | 5,817,600 (100%) | — | ₹49,450 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹136,000 |
| Retail (Max) | 13 | 20,800 | ₹1,768,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,904,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,112,000 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 129 | 105 | 66 |
| EBITDA | 22 | 17 | 9 |
| Profit After Tax | 15 | 12 | 4 |
| Net Worth | 71 | 56 | 44 |
| Total Assets | 138 | 93 | 98 |
| Reserves & Surplus | 54 | 39 | 43 |
| Total Borrowing | 28 | 16 | 44 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Working Capital Requirement – 30.40
- 2 General Corporate Purposes – 5.36
- 3 Issue Expenses – 4.42
Company Overview
Incorporated in June 2007, Mahendra Realtors and Infrastructure Limited provides various services, including Structural Repairs, Rehabilitation, Retrofitting, Waterproofing, Corporate Interiors, BOT Projects, Maintenance, Construction, and Infrastructure Restoration.
The company has undertaken several structural repair projects for government departments and public organizations, including CIDCO Vashi and Belapur Railway Stations, using innovative techniques like polymer-modified mortar, micro 138 concrete, and waterproofing. Structural repairs at Ghatkopar secured a Stability Certificate from IIT Bombay, involving steel jacketing, external repairs, and retrofitting. The company has also completed corporate interior projects at IIT Bombay, Airport Authority of India, VVIP Circuit House in Pune, and SVP Hospital in Ahmedabad.
The company has completed 200+ projects for 50+ clients, averaging timely completion.
The company's services include the following-
- Structural Repairs and Restoration.
- Waterproofing roofs, walls, and structures to prevent water penetration.
- Corporate Interior executes Civil, Carpentry, HVAC, Firefighting, Plumbing, Painting, Data Networking, Audiovisual, and Furniture work, enhancing commercial spaces with careful planning.
- Build and Operate Transfer Contractors.
- Maintenance of buildings, bridges, Facilities, etc.
- Repairs and retrofitting of infrastructure like bridges and culverts.
- Construction contracts from government authorities to undertake building projects.
As of December 31, 2024, the company has ongoing projects in Andhra Pradesh, Delhi, Goa, Gujarat, Maharashtra and Tamil Nadu.
As of September 30 2024, the company has 74 employees in various departments.
Competitive Strength
- Established reputation contributing to the long-term success and stability of the business.
- Specializes in procurement, ensuring compliance, managing risks, controlling budgets, and meeting deadlines and quality standards by adhering to ISO.
- Building relationships in government contracts reflects unique expertise and knowledge essential for securing and executing projects.
- Strong relationships and connections within government agencies and with industry partners.
- Maintaining financial health to invest in projects, manage costs, and withstand economic fluctuations or challenges.