Latest news with #FastTrackFinsecPrivateLimited
News18
2 days ago
- Business
- News18
Mahendra Realtors & Infrastructure Limited IPO Opens on 12th August, 2025
Mahendra Realtors & Infrastructure to launch ₹49.45 crore IPO on Aug 12, 2025, with plans to list shares on NSE Emerge platform. Mumbai (Maharashtra) [India], August 12: Mahendra Realtors & Infrastructure Limited is engaged in delivering a comprehensive range of engineering and construction services. It proposes to open its Initial Public Offering on August 12, 2025, aiming to raise ₹ 49.45 Crores (at upper price band) with shares to be listed on the NSE Emerge platform. The issue size is 58,17,600 equity shares with a face value of ₹ 10 each with a price band of ₹ 75 – ₹ 85 Per Share. Equity Share Allocation • Qualified Institutional Buyer – Up to 56,000 Equity Shares • Non-Institutional Investors – Not Less than 27,07,200 Equity Shares • Individual Investors – Not Less than 27,63,200 Equity Shares • Market Maker – 2,91,200 Equity Shares The net proceeds from the IPO will be utilized for working capital requirements and general corporate purposes. The anchor portion will open on August 11, 2025, and the issue will close on August 14, 2025. The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited, and the Registrar is MUFG Link Intime India Private Limited. Mr. Hemanshu Shah, Managing Director of Mahendra Realtors & Infrastructure Limited, expressed, 'The launch of our IPO represents a pivotal milestone in our journey as we continue to build, restore, and reshape infrastructure across the country. Over the years, we have proudly led numerous projects in civil construction, structural rehabilitation, and public infrastructure under various models including Build-Operate-Transfer. Our legacy includes landmark works such as the structural enhancement of Vashi and Belapur Railway Stations—projects that reflect our technical strength and commitment to quality. This public offering will enable us to strengthen our financial foundation. The net proceeds from the issue will primarily be utilised to meet our growing working capital requirements, ensure smoother execution of projects, and support general corporate purposes, including operational upgrades and organisational growth. This capital infusion will empower us to scale our operations, enhance service delivery, and capture new opportunities in India's dynamic and rapidly evolving infrastructure sector." Ms. Sakshi, Director of Fast Track Finsec Private Limited, said, 'We are proud to support Mahendra Realtors & Infrastructure Limited in their IPO journey as they take a significant step toward scaling their operations and strengthening their market presence. The company has built a solid reputation in the engineering and construction space, offering services such as structural repairs, rehabilitation, retrofitting, waterproofing, and infrastructure restoration. With a proven track record of successfully completing over 500 projects across government and private sectors, and a robust order book in hand, MRIL is well-positioned for long-term growth As India experiences a significant surge in infrastructure development, driven by government initiatives and urban expansion, we believe the company 6is well-positioned to capitalize on these opportunities. The company's capabilities and execution history align well with the demands of a rapidly growing sector, and we are committed to supporting them throughout this important phase of growth." (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR view comments First Published: August 12, 2025, 15:00 IST News agency-feeds Mahendra Realtors & Infrastructure Limited IPO Opens on 12th August, 2025 Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
5 days ago
- Business
- News18
Mahendra Realtors & Infrastructure Limited IPO Opens on 12th August, 2025
PNNMumbai (Maharashtra) [India], August 9: Mahendra Realtors & Infrastructure Limited is engaged in delivering a comprehensive range of engineering and construction services, proposes to open its Initial Public Offering on August 12, 2025, aiming to raise ₹ 49.45 Crores (at upper price band) with shares to be listed on the NSE issue size is 58,17,600 equity shares with a face value of ₹ 10 each with a price band of ₹ 75 – ₹ 85 Per Share Allocation-Qualified Institutional Buyer – Up to 56,000 Equity Shares-Non-Institutional Investors – Not Less than 27,07,200 Equity Shares– Individual Investors – Not Less than 27,63,200 Equity Shares– Market Maker – 2,91,200 Equity SharesThe net proceeds from the IPO will be utilized for working capital requirements and general corporate purposes. The anchor portion will open on August 11, 2025 and issue will close on August 14, Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited and the Registrar is MUFG Link Intime India Private Hemanshu Shah, Managing Director of Mahendra Realtors & Infrastructure Limited expressed 'The launch of our IPO represents a pivotal milestone in our journey as we continue to build, restore, and reshape infrastructure across the country. Over the years, we have proudly led numerous projects in civil construction, structural rehabilitation, and public infrastructure under various models including Build-Operate-Transfer. Our legacy includes landmark works such as the structural enhancement of Vashi and Belapur Railway Stations–projects that reflect our technical strength and commitment to public offering will enable us to strengthen our financial foundation. The net proceeds from the issue will primarily be utilized to meet our growing working capital requirements, ensure smoother execution of projects, and support general corporate purposes including operational upgrades and organizational growth. This capital infusion will empower us to scale our operations, enhance service delivery, and capture new opportunities in India's dynamic and rapidly evolving infrastructure sector."Ms. Sakshi, Director of Fast Track Finsec Private Limitedsaid, 'We are proud to support Mahendra Realtors & Infrastructure Limited in their IPO journey as they take a significant step toward scaling their operations and strengthening their market presence. The company has built a solid reputation in the engineering and construction space, offering services such as structural repairs, rehabilitation, retrofitting, waterproofing, and infrastructure restoration. With a proven track record of successfully completing over 500 projects across government and private sectors, and a robust order book in hand, MRIL is well-positioned for long-term growthAs India experiences a significant surge in infrastructure development, driven by government initiatives and urban expansion, we believe the company 6is well-positioned to capitalize on these opportunities. The company's capabilities and execution history align well with the demands of a rapidly growing sector, and we are committed to supporting them throughout this important phase of growth."(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
The Print
24-05-2025
- Business
- The Print
Nikita Papers Limited IPO Opens on May 27, 2025
Mumbai (Maharashtra) [India], May 23: Nikita Papers Limited manufacturer of Kraft paper, has proposed its plan to go public with an Initial Public Offering on May 26, 2025 (For Anchor Investor) and May 27, 2024 (For other than Anchor Investor). The company is aiming to raise Rs 67.54 Crores at upper price band through this IPO, with shares set to be listed on the NSE Emerge. The issue size is 64,94,400 equity shares of face value of Rs 10 each. Equity Share Allocation * QIB Anchor Portion – Up to 18,50,400 Equity Shares * Net QIB – Up to 12,33,600Equity Shares * NII- Not Less than 9,25,200 Equity Shares * RII- Not Less than 21,58,800 Equity Shares * Market Maker – 3,26,400 Equity Shares The net proceeds from the IPO will be utilized to meet capital expenditure for setting up a power plant, to meet the working capital requirements of the company, and for general corporate purposes and issue expenses. The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited and the Registrar to the Issue is Skyline Financial Services Private Limited. Mr. Sudhir Kumar Bansal, Chairman of Nikita Papers Limited expressed, 'As we take the next step in our journey through the proposed initial public offering, our focus remains on building long-term value through responsible growth. At Nikita Papers Limited, we have steadily expanded our capabilities in Kraft paper manufacturing while maintaining a clear commitment to sustainability and operational efficiency. The proceeds from this IPO will primarily support our investment in renewable energy infrastructure, including a power plant utilizing biomass and Refuse Derived Fuel, helping us reduce dependence on conventional energy sources. This initiative aligns with our goal of becoming more energy self-sufficient while minimizing environmental impact. This step reflects our continued effort to align business performance with environmental responsibility. We look forward to this new chapter as we remain focused on consistent execution, practical innovation, and contributing to a cleaner, more efficient future for the paper industry.' Ms. Sakshi, Director of Fast Track Finsec Private Limited said, 'We are pleased to be associated with Nikita Papers Limited in their proposed initial public offering. The company has demonstrated steady growth over the years, supported by a strong operational foundation, sound financial management, and a clear focus on sustainability. Nikita's strategic investment in renewable energy infrastructure, including the planned biomass and RDF-based power plant, reflects a forward-looking approach aligned with evolving industry and environmental expectations. Their consistent performance, experienced leadership, and commitment to responsible manufacturing position the company well for its next phase of growth. We believe this IPO represents a meaningful opportunity for the company to strengthen its capabilities and continue its progress in the Kraft paper manufacturing industry, which is experiencing growing demand due to increased global focus on sustainable and eco-friendly packaging solutions.' (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
