Mahendra Realtors IPO Details

The Mahendra Realtors and Infrastructure Limited IPO subscription opened on Tuesday, August 12, 2025, and will close on Thursday, August 14, 2025, as per the schedule. The price band for the issue is fixed between ₹75 to ₹85 per share, with a face value of ₹10 per share.

Mahendra Realtors IPO Subscription Status (Day 2)

• The IPO was subscribed 1.12x overall by 5:00 PM on August 13, 2025 (Day 2).
• Category-wise subscription status:
  • QIB (Qualified Institutional Buyers): 0.00x
  • NII (Non-Institutional Investors): 0.13x
  • RII (Retail Individual Investors): 0.23x

The company received 65,10,400 bids against 58,17,600 shares on offer by the second day of bidding.

• Day 1 Subscription: 0.17x
• Day 2 Subscription: 1.12x

About Mahendra Realtors and Infrastructure Limited

Founded in June 2007, Mahendra Realtors is a growing infrastructure and real estate services company, offering end-to-end solutions across multiple verticals, including:

• Structural Repairs & Rehabilitation
• Retrofitting & Waterproofing
• Corporate Interiors & BOT Projects
• Maintenance & Infrastructure Restoration
• General Construction Projects

Over the years, the company has completed key projects for government and institutional clients, including:

• CIDCO structural repair works
• Railway station works at Vashi and Belapur
• Ghatkopar structural retrofitting using advanced methods like polymer-modified mortar, micro-concrete, and steel jacketing, which earned a Stability Certificate from IIT Bombay
• Interior works for reputed clients such as IIT Bombay, Airport Authority of India, VVIP Circuit House (Pune), and SVP Hospital (Ahmedabad)

The company has built a diverse portfolio, balancing infrastructure restoration with corporate interiors and large-scale public projects.

Financial Performance

Mahendra Realtors has shown consistent growth in both revenue and profitability, indicating strong demand for its services and efficient project execution.

Mahendra Realtors IPO GMP (Grey Market Premium)

As of Wednesday, 13th August 2025, the GMP stood at ₹6.
This indicates that the IPO is trading at ₹91 in the grey market, representing a premium of ₹6 per share over the issue price of ₹85.