| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹49.45 Cr |
| Reserved for Market Maker | ₹2.48 Cr |
| Net Issue Size | ₹49.45 Cr |
| Fresh Issue | ₹37.70 Cr |
| Offer for Sale | ₹9.28 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹75.00-85.00 per share |
| NSE Code | MRIL |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Novus Capital Advisors Pvt.Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
![]() ₹0 A/C OpeningFree MF ₹20F&O Trade ₹0Delivery 1Cr+Customers Open Free Account → |
![]() ₹0 A/C Opening₹0 AMC Trading Account ₹20F&O Trade ₹20Delivery FreeIPO Apply Open Free Account → |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,200 shares · Multiples of 1,600 shares
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-
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
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 30.40 |
| 2 | General Corporate Purposes | 5.36 |
| 3 | Issue Expenses | 4.42 |
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 137.54 | 93.01 | 98.21 |
| Total Income | 128.69 | 105.11 | 66.07 |
| Profit After Tax | 14.87 | 11.58 | 4.04 |
| EBITDA | 21.90 | 17.00 | 9.04 |
| NET Worth | 70.89 | 56.02 | 44.44 |
| Reserves and Surplus | 53.51 | 38.65 | 43.20 |
| Total Borrowing | 27.81 | 16.13 | 43.64 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.55 | 6.73 |
| P/E (x) | 9.94 | 12.64 |
| Promoter Holding | 100% | 73.68% |
| Market Cap | ₹187.88 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.50 |
| 2 | Underwriting Commission | 0.12 |
| 3 | Fees Payable for Advertising, Publishing and printing Expenses | 0.06 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.07 |
| 5 | Fees Payable to Auditor, Legal Advisors, Banker to the issue and other Professionals and other Intermediaries | 0.08 |
| 6 | Market Maker | 0.03 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees* and Miscellaneous Expenses) | 3.55 |
Last Updated on 16-Jun-2026 18:10:14