Mahendra Realtors & Infrastructure Limited IPO
Mahendra Realtors & Infrastructure Limited, originally incorporated as a private limited company in 2007, is a Mumbai-based infrastructure and civil engineering firm. Its registered office is located in Malad (West), Mumbai. The company is engaged in multiple infrastructure service verticals including structural repairs, retrofitting, waterproofing, corporate interiors, BOT (Build-Operate-Transfer) projects, maintenance, general construction, and infrastructure restoration.
1. Structural Repairs & Retrofitting
Mahendra undertakes restoration of damaged RCC structures using methods like jacketing, polymer-modified mortar, micro-concreting, fibre wrapping, and grouting. These techniques enhance structural strength and stability. Notable projects include repairs at CIDCO Vashi, Belapur stations, and SBI Harbour Heights.
2. Waterproofing Solutions
The company offers waterproofing for roofs, terraces, and foundations using methods such as Brickbat Coba, PU coatings, cementitious layers, EPDM membranes, and injection grouting to prevent water ingress and enhance durability.
3. Corporate Interiors
Mahendra delivers turnkey corporate interior projects including civil, electrical, HVAC, and furniture setup. Their clients include high-profile institutions like Begumpet Airport, VVIP Circuit House Pune, IIT Bombay, and Air India’s office.
4. BOT (Build-Operate-Transfer) Projects
The company develops and manages BOT projects, handling design, construction, and operations before transferring assets to public authorities. A key project is the “Center Point” commercial complex for Pen Municipal Council.
5. Maintenance Services
Mahendra provides routine and preventive maintenance for buildings and bridges, ensuring proper functioning through regular inspections, minor repairs, and budget-managed upkeep to extend asset life.
Construction Contracts & Infrastructure Restoration
The company undertakes government-awarded construction projects, managing end-to-end execution—from approvals and planning to procurement, labor deployment, and quality-controlled construction delivery. Mahendra also restores and retrofits infrastructure such as bridges and flyovers under live traffic conditions. A notable project includes restoring the “Dr. Babasaheb Ambedkar Flyover” in Surat, which involved complex girder lifting and bearing replacement work.
Track Record
Mahendra Realtors & Infrastructure Limited has successfully completed over 200 projects, catering to a diverse clientele of more than 50 organizations. The company maintains a strong track record of timely project execution and high client satisfaction, reflecting its commitment to quality, efficiency, and professional service delivery.
Objects of the Mahendra Realtors & Infrastructure Limited IPO:
Mahendra Realtors & Infrastructure Limited IPO Details:
Open Date: | Aug 12 2025 |
Close Date: | Aug 14 2025 |
Total Shares: | 58,17,600 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 49.45 Cr. |
Lot Size: | 1600 Shares |
Issue Price: | ₹ 75-85 Per Equity Share |
Listing At: | NSE Emerge |
Promoters And Management:
Financials of Mahendra Realtors & Infrastructure Limited IPO:
Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations | 124.77 | 101.48 | 63.02 |
EBITDA | 21.89 | 16.99 | 9.03 |
EBITDA Margins | 17.55% | 16.75% | 14.34% |
PAT | 14.86 | 11.57 | 4.04 |
PAT Margins | 11.91% | 11.41% | 6.41% |
ROCE | 30.56% | 29.87% | 19.72% |
Debt to Equity Ratio(In Times) | 0.22 | 0.09 | 0.73 |
Operating Cash Flows | -5.62 | 21.82 | 9.95 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Mahendra Realtors & Infrastructure Limited | 124.77 | 17.55% | 11.91% | 30.56% | 0.22 | 187.88 | 12.64 |
AB Infrabuild Limited | 208 | 16% | 7.60% | 19.80% | 0.58 | 1,175 | 70.8 |
Maruti Infrastructure Limited | 50.73 | 7% | 3.80% | 8.21% | 0.65 | 131 | 68 |
Lead Manager of Mahendra Realtors & Infrastructure Limited IPO:
Registrar of Mahendra Realtors & Infrastructure Limited IPO:
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