Mahendra Realtors & Infrastructure IPO
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Schedule of Mahendra Realtors & Infrastructure
| Issue open date | 12 Aug 2025 |
| Issue close date | 14 Aug 2025 |
| UPI mandate deadline | 14 Aug 2025 (5 PM) |
| Allotment finalization | 18 Aug 2025 |
| Refund initiation | 19 Aug 2025 |
| Share credit | 19 Aug 2025 |
| Listing date | 20 Aug 2025 |
| Mandate end date | 29 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 17 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 16 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Mahendra Realtors & Infrastructure
Incorporated in 2007, Mahendra Realtors and Infrastructure Limited is a diversified infrastructure services company specialising in structural repairs, rehabilitation, retrofitting, waterproofing, corporate interior works, and Build-Operate-Transfer (BOT) projects. It also undertakes general construction and infrastructure restoration assignments. With over 200 completed projects for 50+ clients, the company is recognised for delivering technically complex infrastructure solutions with precision and reliability.
Financials of Mahendra Realtors & Infrastructure
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹49.45 crores |
| Fresh Issue | ₹40.17 crores |
| Offer for sale | ₹9.28 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirement | 30.40 (75.6%) |
| General corporate purposes |
Strengths
- Diverse service portfolio that includes structural repairs, waterproofing, corporate interiors, BOT projects, and infrastructure restoration
- Proven track record of executing 200+ projects for 50+ clients, showcasing consistent delivery and execution reliability
- Leverages advanced techniques and strict quality standards to ensure durable and efficient project delivery
- Strong foothold in the public sector, backed by a growing and visible order book
- Experienced team with deep expertise in the construction and infrastructure sectors
Risks
- High reliance on Maharashtra for revenue generation, exposing the business to regional disruptions
- Dependence on few customers & suppliers without contracts may disrupt operations
- Outstanding legal proceedings involving the company, directors, and promoters may impact cash flows and operations
- Inability to secure timely and adequate working capital, and recent negative cash flows may impact growth
- Tender-based model exposes revenue to bid outcome uncertainties