Latest news with #MahendraRealtors&Infrastructure
News18
4 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.
Mint
4 days ago
- Business
- Mint
Mahendra Realtors & Infrastructure IPO: Issue opens for subscription. Check GMP, price band and other key details
Mahendra Realtors & Infrastructure IPO: Mahendra Realtors & Infrastructure's initial public offering (IPO) kicked off for subscription on Tuesday, August 12. The SME IPO will remain open for bidding till Thursday, August 14. Mahendra Realtors & Infrastructure IPO is a book-build issue of ₹ 49.45 crore, consisting of a fresh share sale worth ₹ 40.17 crore and an offer for sale of ₹ 9.28 crore. Investors can apply for the issue in lots of 1,600 shares, with the Mahendra Realtors & Infrastructure IPO price band set at ₹ 75 to ₹ 85 apiece. For retail investors, the minimum investment is two lots, requiring them to shell out ₹ 2,40,000. The company plans to use the funds raised from the initial share sale for meeting working capital needs, general corporate purposes and issue expenses. Fast Track Finsec is the book-running lead manager, and MUFG Intime India is the registrar of the issue. As of 11.45 am on the first day of the bidding, Mahendra Realtors' IPO was booked 0.04 times. The retail portion was subscribed 0.07 times, the NII portion 0.01 times, while the QIB portion did not receive any bids yet. Mahendra Realtors & Infrastructure IPO GMP (grey market premium) stood at ₹ 6 today. This means shares of Mahendra Realtors were trading ₹ 6 above the issue price of ₹ 85. At the prevailing GMP and the issue price, Mahendra Realtors & Infrastructure IPO listing price could be ₹ 91, a premium of 7% over the IPO price. Mahendra Realtors IPO will list on NSE SME with a tentative listing date fixed as August 20. Mahendra Realtors & Infrastructure provides a wide array of services, including but not limited to Structural Repairs, Rehabilitation, Retrofitting, Water Proofing, Corporate Interior, Build-Operate-Transfer (BOT) Projects, Maintenance, Construction, Infrastructure Restoration, etc. It has an overall track record of completion of more than 200 projects for over 50 clients and an average rate of completion of projects within the allotted time. The company has executed structural repair projects for government bodies like CIDCO and at Vashi and Belapur Railway Stations, using advanced techniques such as polymer-modified mortar, micro concrete, and waterproofing. Notably, its Ghatkopar project, involving steel jacketing and retrofitting, earned a Stability Certificate from IIT Bombay. It has also delivered high-profile interior works for IIT Bombay, Airport Authority of India, VVIP Circuit House (Pune), and SVP Hospital (Ahmedabad). Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
