Mahendra Realtors and Infrastructure Limited is a multi-disciplinary engineering and infrastructure services company offering a wide range of solutions, including Structural Repairs, Rehabilitation, Retrofitting, Waterproofing, Corporate Interiors, BOT Projects, Maintenance, Construction, and Infrastructure Restoration.
The company offers a comprehensive suite of services, including:
- Structural Repairs and Restoration
- Waterproofing Solutions
- Corporate Interiors
- Build-Operate-Transfer (BOT) Projects
- Maintenance Services
- Retrofitting of Infrastructure
- Government Construction Contracts
The company has executed over 200 projects for more than 50 clients, with a strong track record of timely delivery.
MRIL has worked extensively with government bodies and public institutions, including major structural repair works at CIDCO Vashi and Belapur Railway Stations, employing advanced materials like polymer-modified mortar, micro concrete, and cutting-edge waterproofing techniques. Its Ghatkopar project received a Stability Certificate from IIT Bombay, highlighting its engineering excellence.
MRIL’s interior design division has completed turnkey corporate interior projects for prestigious clients such as IIT Bombay, Airport Authority of India, VVIP Circuit House (Pune), and SVP Hospital (Ahmedabad). Their services span civil work, carpentry, HVAC, fire safety, plumbing, painting, data networking, AV systems, and furniture.
As of December 31, 2024, the company had ongoing projects across Maharashtra, Gujarat, Goa, Delhi, Andhra Pradesh, and Tamil Nadu.
As of September 30, 2024, the workforce stood at 74 employees across various departments.
Mahendra Realtors IPO – Details
| IPO Opening Date | 12 August 2025 |
| IPO Closing Date | 14 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 58,17,600 Shares Worth ₹49.45 Crore Fresh Issue: 47,26,400 Shares Worth ₹40.17 Crore Offer For Sale: 10,91,200 Shares Worth ₹9.28 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 – ₹85 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | MUFG Intime India Private Limited (Link Intime) |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Mahendra Realtors IPO – Date Schedule
| IPO Open Date | 12 August 2025 |
| IPO Close Date | 14 August 2025 |
| Basis of Allotment | 18 August 2025 |
| Initiation of Refund | 19 August 2025 |
| Credit of Shares to Demat | 19 August 2025 |
| IPO Listing Date | 20 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2025 |
Mahendra Realtors IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| 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 |
Competitive Strengths
- 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.
Company Promoters
- Mr. Hemanshu Shah
- Mr. Bhavesh Mahendrakumar Shah
- Ms. Chandrika Mahendra Shah
- Ms. Hetal Bhavesh Shah
- Ms. Varsha Hemanshu Shah
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹66.07 Cr | ₹59.90 Cr | ₹4.04 Cr | ₹43.64 Cr |
| 31 March 2024 | ₹105.11 Cr | ₹89.63 Cr | ₹11.58 Cr | ₹16.13 Cr |
| 31 March 2025 | ₹128.69 Cr | ₹108.21 Cr | ₹14.87 Cr | ₹27.81 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.43% |
| ROCE | 30.56% |
| Debt/Equity | 0.22 |
| RoNW | 23.43% |
| PAT Margin | 11.91% |
| EBITDA Margin | 17.55% |
| Price to Book Value | 2.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.55 | 6.73 |
| P/E (x) | 9.94 | 12.64 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Working Capital Requirement. | ₹30.40 |
| Issue Expenses. | |
| General Corporate Purposes. |
✅Strengths
- 200+ projects completed for 50+ clients.
- Diversified services: repairs, interiors, construction.
- Trusted by govt. bodies (CIDCO, IIT, AAI).
- Projects across 6 states.
- Use of advanced repair techniques.
⚠️Risks
- High dependence on govt. contracts.
- Project delays may impact profits.
- Client concentration risk.
- Operates in a competitive industry.
- Regulatory compliance is critical.
Mahendra Realtors IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.68% |
Mahendra Realtors IPO Prospectus
Company Contact Information
| Mahendra Realtors & Infrastructure Ltd. 603, Quantum Tower, Ram Baug, Opp Dal Mill Off S.V. Road, Malad (West), Mumbai, Maharashtra, 400064 Phone: +91 9082850343 Email: info@mripl.net Website: http://www.mripl.net/ |
Mahendra Realtors IPO Registrar
| MUFG Intime India Private Limited (Link Intime) Phone: +91-22-4918 6270 Email: mahendrarealtors.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Mahendra Realtors IPO Lead Manager(s)
| 1. Fast Track Finsec Pvt Ltd |
Mahendra Realtors IPO FAQ
| What is Mahendra Realtors IPO? Mahendra Realtors IPO is an SME IPO. The issue is priced at ₹75 to ₹85 per equity share. The IPO is to be listed on NSE SME. |
| When Mahendra Realtors IPO will open? The IPO is to open on 12 August 2025 for QIB, NII, and Retail Investors. |
| What is Mahendra Realtors IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Mahendra Realtors IPO? You can apply Mahendra Realtors IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Mahendra Realtors IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Mahendra Realtors IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Mahendra Realtors IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Mahendra Realtors IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Mahendra Realtors IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Mahendra Realtors IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Mahendra Realtors IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Mahendra Realtors IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Mahendra Realtors IPO Size? Mahendra Realtors IPO size is ₹49.45 Crore. |
| What is the Mahendra Realtors IPO Price Band? Mahendra Realtors IPO Price Band is ₹75 to ₹85. |
| What is Mahendra Realtors IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3200 Shares with ₹2,72,000 amount, while the maximum bid is 3200 Shares with ₹2,72,000. |
| What is the Mahendra Realtors IPO Allotment Date? Mahendra Realtors IPO allotment date is 18 August 2025. |
| What is the Mahendra Realtors IPO Listing Date? Mahendra Realtors IPO listing date is 20 August 2025. The IPO is to be listed on the NSE SME. |
