Mahendra Realtors & Infrastructure came to market through an SME IPO that opened on 12 August 2025 and closed on 14 August 2025, and the shares listed on 20 August 2025 on NSE SME. The price band was ₹75 to ₹85 per share and one lot was 1600 shares, so the minimum application was ₹1,36,000. The issue size was ₹49.45 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and Fast Track Finsec Pvt Ltd was the lead manager.
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Established in June 2007, Mahendra Realtors and Infrastructure Limited offers numerous services like Structural Repairs, Rehabilitation, Retrofitting, Waterproofing, Corporate Interiors, BOT Projects, Maintenance, Construction, and Infrastructure Restoration.It has executed various structural repair work for government departments and public sector organizations such as CIDCO Vashi and Belapur Railway Stations with new techniques such as polymer-modified mortar, micro 138 concrete, and waterproofing. Structural repairs at Ghatkopar have been awarded a Stability Certificate by IIT Bombay, including steel jacketing, external repairs, and retrofitting.
The company has executed corporate interior assignments at IIT Bombay, Airport Authority of India, VVIP Circuit House Pune, and SVP Hospital Ahmedabad. The company has successfully completed 200+ projects for 50+ clients with timely average completion. As of December 31, 2024, the company has on-going projects in Andhra Pradesh, Delhi, Goa, Gujarat, Maharashtra and Tamil Nadu. As of September 30 2024, the company has 74 employees across different departments.
As described in the offer document.
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Mr. Hemanshu Shah, Mr. Bhavesh Mahendrakumar Shah, Ms. Chandrika Mahendra Shah, Ms. Hetal Bhavesh Shah, Ms. Varsha Hemanshu Shah. Promoter holding 100% before the issue and 73.68% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Mahendra Realtors & Infrastructure IPO was a ₹49.45 crore book-built issue, comprising a fresh issue of ₹37.7 crore and an offer for sale of ₹9.28 crore. It was priced at ₹75–₹85 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,72,000). The IPO was open from August 12 to August 14, 2025 and was subscribed 4.43x.
Shares listed on NSE SME on August 20, 2025 at ₹68, a 20.0% discount to the issue price of ₹85. MUFG Intime India Private Limited (Link Intime) is the registrar. Fast Track Finsec Pvt Ltd is the book running lead manager.
The price band of Mahendra Realtors & Infrastructure IPO is ₹75 to ₹85 per share.
The lot size of Mahendra Realtors & Infrastructure IPO is 1600 shares.
The minimum investment for Mahendra Realtors & Infrastructure IPO is approximately ₹2,72,000 based on the upper price band.
The allotment date of Mahendra Realtors & Infrastructure IPO is Aug 18, 2025.
You can check Mahendra Realtors & Infrastructure IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Mahendra Realtors & Infrastructure IPO allotment status on Rupix for quick and easy access.
₹75 to ₹85 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,36,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,36,000, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 August 2025 and closed on 14 August 2025.
The basis of allotment was published on 18 August 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 20 August 2025 on NSE SME.
The issue size was ₹49.45 crore. The fresh issue was 44,35,200 shares (aggregating up to ₹37.7 crore). The offer for sale was 10,91,200 shares (aggregating up to ₹9.28 crore).