About Mahendra Realtors & Infrastructure Ltd SME IPO
Mahendra Realtors & Infrastructure Ltd is a Mumbai-based company founded in 2007, specializing in construction, building repairs, civil engineering, waterproofing, and corporate interior projects. The company has completed over 200 projects and has served more than 50 clients, including major government and private organizations. Known for delivering quality work on time and within budget, it uses modern technologies and strict standards. Mahendra also handles complex restoration and Build-Operate-Transfer (BOT) projects, focusing mainly on Maharashtra. Its experienced team and proven track record make it a trusted name in the infrastructure sector for a variety of repair and construction needs.
Read DRHP (Draft Red Herring Prospectus) : Mahendra Realtors & Infrastructure Ltd
IPO Details
| Key Points | Information |
|---|---|
| IPO Opening Date | 12th August 2025 |
| IPO Closing Date | 14th August 2025 |
| Listing Date (Shares Start Trading) | 20th August 2025 |
| Price Range (per share) | ₹75 – ₹85 |
| Minimum Lot Size (Retail) | 1,600 shares (about ₹1,20,000 at lowest price) |
| Issue Size (Total money raised) | ₹49.45 crore |
| Fresh Issue | ₹37.7 crore |
| Offer for Sale (OFS) | ₹9.28 crore (existing shares) |
| Face Value (per share) | ₹10 |
| Stock Exchange | NSE SME |
| Registrar | MUFG Intime India Private Limited |
| Book-running Lead Manager | Fast Track Finsec Pvt Ltd |
IPO Timeline (Important Dates)
| Event | Date |
|---|---|
| IPO Opens | 12th August 2025 |
| IPO Closes | 14th August 2025 |
| Allotment Finalisation | 18th August 2025 |
| Refunds/Unsuccessful Bids | 19th August 2025 |
| Shares in Demat Account | 19th August 2025 |
| Listing Date | 20th August 2025 |
Use of Money Raised in IPO
The money raised from selling shares will be used for:
- Working Capital: Day-to-day needs (like buying materials, paying staff).
- General Purposes: Other company requirements.
- Issue Expenses: Costs related to conducting the IPO.
Key Financials
| Financial Metric | FY 2023 | FY 2024 | FY 2025 (Latest) |
|---|---|---|---|
| Revenue | ₹66.07 crore | ₹105.11 crore | ₹128.69 crore |
| Profit After Tax | ₹4.04 crore | ₹11.58 crore | ₹14.87 crore |
| EBITDA Margin | - | - | 17.55% |
| ROE | - | - | 23.43% |
| EPS (Earnings Per Share) | - | - | 8.55 (Pre-IPO) |
CHECK ALLOTMENT STATUS: LINK INTIME PVT LTD
What Do These Numbers Mean?
- Revenue: Total money company earned by selling its services.
- EBITDA Margin: Shows profit from operations before interest and tax.
- PAT: Profit after all expenses.
- ROE (Return on Equity): How well the company uses investors’ money to make profits.
- Earnings per Share (EPS): Profit for each share.
Analysis:
- Revenue: The company’s sales have grown sharply each year, showing strong business growth.
- Profit After Tax: The final profit has also increased, meaning the company is earning more after all expenses.
- EBITDA Margin (17.55%): The company is able to keep a good portion of its sales as operational profit before interest and tax.
- ROE (23.43%): The company is effectively using shareholders’ money to generate healthy profits.
- EPS (8.55, Pre-IPO): Each share earned ₹8.55 before the IPO, indicating decent earnings for every share held.
Why Some Investors Like This IPO
- The company is growing, handles big building repairs and construction.
- Works with government and private organizations.
- Has a good history of successful projects.
- Profits and revenue are increasing.
Points That Need Caution
- The business relies mostly on work in Maharashtra, so less work in other states.
- Depends on a few big clients—if business with them stops, revenue could fall.
- Needs enough money to manage contracts and growth.
- It’s still a small company, so risks are higher than large companies.
Frequently Asked Questions (FAQs) About SME IPOs
What is an SME IPO?
- An SME IPO is when a small or medium business sells shares to the public for the first time on a special exchange for small companies.
Who can invest in SME IPOs?
- Anyone with a demat account and PAN card can invest. Minimum amount is usually around ₹1 lakh or more per lot.
How is an SME IPO different from a normal IPO?
- SME IPOs are for smaller companies and get listed on SME platforms—mainboard IPOs are for bigger companies. SME IPOs have easier rules, smaller issue sizes, and higher lot sizes.
What are the benefits of investing in an SME IPO?
- You can invest in high-growth companies early.
- Potential for better returns if the company does well.
- Helps support small businesses in India.
What are the risks of SME IPOs?
- Smaller companies, so higher risk.
- Less information and history available.
- Shares may not be easily sold/less liquidity.
What is the minimum investment amount?
- Minimum application is usually ₹1 lakh. Higher than normal IPOs.
Where are SME IPOs listed?
- On dedicated platforms like NSE Emerge or BSE SME, not on regular exchanges.
What is market making in SME IPOs?
- Merchant bankers keep buying/selling shares for 3 years after listing to ensure liquidity.
Do SME IPOs have grading?
- No, IPO grading is not compulsory for SME IPOs.
What is underwriting in SME IPOs?
- 100% underwriting is required, meaning merchant bankers guarantee share sale.
How do I apply for an SME IPO?
- Open a demat account, go to your broker’s IPO section, pick the SME IPO, choose lots, enter UPI, approve payment, and wait for allotment.
How are shares allotted?
- If more people apply than shares available, a lottery decides who gets shares.
- Unsuccessful applicants get their money back.
What are capital gains tax benefits?
- Listed SME shares have lower capital gains tax rates than unlisted shares, if Securities Transaction Tax (STT) is paid.
How often do SME companies publish results?
- SME IPO companies publish half-yearly results, not quarterly.
Can I sell SME IPO shares immediately after listing?
- Yes, you can sell SME IPO shares once trading starts, but check liquidity.
What is the lot size in SME IPOs?
- Lot size is usually much bigger—single application may cost ₹1 lakh or more.
What happens if I only have an odd lot?
- Odd lot shares can only be sold to market makers on exchange, with a special declaration.
What documents are required for an SME IPO listing?
- Annual reports, audited financials, detailed disclosures, company conversion to public limited, compliance officer, independent directors, website, and legal checks.
Are suspended companies allowed on SME Exchange?
- No, only after suspension is revoked and trading is allowed on the main exchange.