Mahendra Realtors IPO is a book-built issue IPO, aiming to raise ₹49.45 crore. It comprises a fresh issue of 0.47 crore equity shares aggregating to ₹40.17 crore and an offer for sale of 0.11 crore equity shares amounting to ₹9.28 crore. The bidding window was open from August 12, 2025, to August 14, 2025, with the IPO allotment to be finalised on August 18, 2025. Mahendra Realtors is scheduled to list on NSE SME on August 20, 2025.
The IPO was priced at ₹75-₹85 per share with a lot size of 1,600 shares. The public issue received bids for 14,63,15,200 shares against 58,17,600 shares available, resulting in an overall subscription of 25.15 times. QIBs led the response, subscribing 43.57 times their quota, followed by NIIs at 27.02 times and retail investors at 25.59 times.
Mahendra Realtors’ ₹49.45 crore IPO, priced at ₹75-₹85 per share, was subscribed 25.15 times overall. The IPO is a fresh issue of 0.47 crore equity shares aggregating to ₹40.17 crore and an offer for sale of 0.11 crore equity shares amounting to ₹9.28 crore. Bidding took place from August 12 to August 14, 2025, with the Mahendra Realtors IPO allotment status on August 18, 2025. Retail investors subscribed 25.59 times and NIIs 27.02 times. Listing is expected on August 20, 2025.
The table below breaks down the Mahendra Realtors share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 2,91,200 (4.77%) |
| QIB Shares Offered | 56,000 (0.92%) |
| NII (HNI) Shares Offered | 27,07,200 (44.32%) |
| − bNII > ₹10L | 18,04,800 (29.54%) |
| − sNII < ₹10L | 9,02,400 (14.77%) |
| Retail Shares Offered | 27,63,200 (45.23%) |
| Total Shares Offered | 61,08,800 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 43.57 |
| Non-Institutional Investors | 27.02 |
| Retail Individual Investors | 25.59 |
| Total | 25.15 |
Note: The subscription details are as of August 14, 2025
Mahendra Realtors and Infrastructure Limited, incorporated in June 2007, provides a diverse range of services in construction, repair, and infrastructure restoration. Its offerings include structural repairs, rehabilitation, retrofitting, waterproofing, corporate interiors, BOT projects, maintenance, and construction contracts.
The company has executed several projects for government bodies and public organisations. Key works include structural repairs at CIDCO Vashi and Belapur Railway Stations, repairs at Ghatkopar with certification from IIT Bombay, and corporate interiors at IIT Bombay, Airport Authority of India, and SVP Hospital in Ahmedabad.
Over the years, Mahendra Realtors has completed more than 200 projects for over 50 clients, maintaining a record of timely delivery. Its services span across multiple states including Andhra Pradesh, Delhi, Goa, Gujarat, Maharashtra, and Tamil Nadu.
As of September 30, 2024, the company employed 74 people across various departments, supporting its projects and business operations. Its competitive strengths lie in strong industry relationships, expertise in government contracts, financial health, and adherence to ISO standards in project execution.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 14, 2025, 6:59 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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