Final Subscription Tally of Mahendra Realtors IPO
| Size Rs. 46.97 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 43.57 | 27.02 | 25.59 | 25.15 | 29,971 |
| Subscription Review: Good subscription trend on the last day |
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About Mahendra Realtors
Incorporated in 2011, Mahendra Realtors Limited is engaged in real estate development with a focus on residential and commercial projects in urban and semi-urban markets. The company undertakes construction, redevelopment, and allied real estate services through both owned projects and joint development models.
Its portfolio includes mid-segment residential units, affordable housing projects, and select commercial properties, catering to the rising demand in Tier-II and Tier-III cities. The company emphasizes timely delivery, compliance with regulatory norms, and cost-efficient project execution.
Competitive Strengths
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Strong presence in growing real estate markets beyond metros.
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Balanced mix of residential and commercial projects.
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Focus on affordable and mid-segment housing, aligned with market demand.
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Experienced management team with industry expertise.
As of March 31, 2025, the company had a workforce of skilled engineers, architects, and project managers, enabling it to execute projects with quality and efficiency.
Mahendra Realtors IPO Details
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Sector: Real Estate |
|
| IPO opens on | 12 August 2025 |
| IPO closes on | 14 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 58,17,600 Shares / Rs 49.45 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 2,91,200 Shares |
| Net offer to Public | 55,26,400 Shares Rs. 46.97 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 75-85 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| QIB | Not more than 50.00% of the Net Issue |
| Retail | Not less than 35.00% of the Net Issue |
| NII | Not less than 15.00% of the Net Issue |
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | 2 | 3,200 | 2,72,000 |
| Retail (Max) | 2 | 3,200 | 2,72,000 |
| S-HNI (Min) | 3 | 4,800 | 4,08,000 |
| S-HNI (Max) | 7 | 11,200 | 9,52,000 |
| B-HNI (Min) | 8 | 12,800 | 10,88,000 |
Who are the Promoters of Mahendra Realtors IPO?
The promoters hold 100.00% of the pre-IPO capital
What are the Objects of Mahendra Realtors IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Working Capital requirement Rs. 30.40 Cr.
+General Corporate purposes
Mahendra Realtors IPO Timetable
| IPO opens on | 12 August 2025 |
| IPO Closes on | 14 August 2025 |
| IPO Allotment on | 18 August 2025 |
| Refund Initiation | 19 August 2025 |
| Credit of Shares | 19 August 2025 |
| Listing on | 20 August 2025 |
| Registered Office of the Company Mahendra Realtors & Infrastructure Ltd. 603, Quantum Tower, Ram Baug, Opp Dal Mill Off S.V. Road, Malad (West) Mumbai, Maharashtra, 400064 |
| Lead Managers of this IPO Fasttrack Finsec Pvt ltd |
| Who is the Registrar to the IPO? Mufg Intime India Pvt. ltd |
Mahendra Realtors Financials Snapshot
| Period Ended | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 105.7 | 93.01 | 98.21 | 94.19 |
| Total Income | 46.91 | 105.11 | 66.07 | 95.27 |
| Profit After Tax | 5.68 | 11.58 | 4.04 | 7.38 |
| Net Worth | 61.7 | 56.02 | 44.44 | 40.4 |
| Reserves and Surplus | 44.32 | 38.65 | 43.2 | 39.16 |
| Amount in Rs. Crore | ||||
Performance Indicators
| KPI | Values |
| ROE | 23.05% |
| ROCE | 29.87% |
| Debt/Equity | 0.09 |
| RoNW | 23.05% |
| PAT Margin | 11.41% |
| Price to Book Value | 2.64 |
| EPS | 5.14 |
| PE Ratio | 16.55 |
How Mahendra Realtors IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Mahendra Realtors and Infrastructure Limited | 23.43 | |
| A B Infrabuild Limited | 53.54 | 0.17 |
| Maruti Infrastructure Ltd. | 66.29 | 0.07 |
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