Mahendra Realtors & Infrastructure Ltd IPO
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Mahendra Realtors & Infrastructure Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 58.18 L | ₹ 10.91 L | ₹ 27.63 L | ₹ 173.78 L | NSE | ₹ 49.45 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Aug, 25 | 14 Aug, 25 | 1600 | ₹ 1,20,000 | Book Building - SME | 20 Aug, 25 |
Mahendra Realtors & Infrastructure Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 43.57x | 56000 | 2440000 |
| NII | 27.13x | 2707200 | 73446400 |
| Retail | 25.6x | 2763200 | 70729600 |
| Employee | 0x | 0 | 0 |
| Total | 25.2x | 5817600 | 146616000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Mahendra Realtors & Infrastructure Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 20.71 | 15.74 | 6.44 |
| EBITDA | 20.94 | 16.00 | 6.71 |
| PAT | 14.87 | 11.58 | 4.04 |
| Total Assets | 69.10 | 31.52 | 88.84 |
| Share Capital | 17.38 | 17.38 | 1.24 |
| Total Borrowings | 44.34 | 28.66 | 39.77 |
| Operating Activities (Net Cash) | 15.10 | 11.84 | 4.31 |
| Investing Activities (Net Cash) | 4.29 | 3.47 | 3.81 |
| Financing Activities (Net Cash) | 44.34 | 28.66 | 39.77 |
| Net Cashflow | 2.41 | 0.87 | 57.06 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Mahendra Realtors & Infrastructure Ltd
Mahendra Realtors & Infrastructure Limited (the Issuer or the Company) was incorporated on June 8, 2007 as `Mahendra Realtors & Infrastructure Private Limited', as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by Registrar of Companies, Mumbai. Subsequently, the name of our company was changed to Mahendra Realtors & Infrastructure Limited pursuant to a shareholders' resolution passed at an Extra-Ordinary General Meeting held on June 13, 2014, and a fresh certificate of incorporation dated August 25, 2014 was issued by Registrar of Companies, Mumbai bearing corporate identification number U70102MH2007PLC171445. However, the name of our company was changed to Mahendra Realtors & Infrastructure Private Limited pursuant to a shareholders' resolution passed at an Extra-Ordinary General Meeting held on August 26, 2014, and a fresh certificate of incorporation dated November 03, 2014 was issued by Registrar of Companies, Mumbai bearing corporate identification number U70102MH2007PTC171445. Subsequently, the name of our company was changed to Mahendra Realtors & Infrastructure Limited pursuant to a shareholders' resolution passed at an Extra-Ordinary General Meeting held on April 3, 2024, and a fresh certificate of incorporation dated July 15, 2024 was issued by Registrar of Companies, Mumbai bearing corporate identification number U70102MH2007PLC171445.
India's high growth imperative in 2023 and beyond will significantly be driven by major strides in key sectors with infrastructure development being a critical force aiding the progress. Infrastructure is a key enabler in helping India become a US $26 trillion economy. Investments in building and upgrading physical infrastructure, especially in synergy with the ease of doing business initiatives, remain pivotal to increase efficiency and costs. Prime Minister Mr. Narendra Modi also recently reiterated that infrastructure is a crucial pillar to ensure good governance across sectors. The Indian government has introduced various formats in order to attract private investments, especially in roads and highways, airports, industrial parks and higher education and skill development sectors. Private Equity-Venture Capital firms invested US$ 3.5 billion (across 71 deals) in Indian companies in May 2023.
Our Company is engaged in providing a wide variety 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.
Peer Comparison:
- Mahendra Realtors & Infrastructure Limited
- AB Infrabuild Limited
- Maruti Infrastructure Limited
Mahendra Realtors & Infrastructure Ltd IPO Key Points
Strengths
- Experienced and Qualified Management and Employee base.
- Strong and Consistent Financial Performance.
- Growing customer base.
- Scalable and reliable business model.
- Experienced Promoters and Senior Management with extensive domain knowledge.
Risk
- Its Top 10 customers contribute more than 50% of the revenue in the all three financial years. The loss of any one or more of the company major customers would have a material adverse effect on its business, cash flows, results of operations and financial condition. Further, the company generally do business with its customers on a Work order basis and does not enter into long-term contracts with them. Its inability to maintain relationships with its customers could have an adverse effect on the company business, prospects, results of operations and financial condition.
- Its revenues largely depend on acceptance of the bids submitted to the Government and Government Departments. The company performance could be affected in case majority of the bids are not accepted / awarded to it or the company quote a lower bid value.
- Its construction, interior / structural repairs & restoration/ retrofitting projects may be delayed, modified or cancelled for reasons beyond the company control which may materially and adversely affect its business, financial condition and results of operation.
Strategy
- Nurturing and Expanding Client Relationships.
- Investing in creativity, People and Operational Excellence.
- Strategic Geographic Expansion.
- New areas of Focus for technology.
- Public-private partnerships.
- Experienced and Qualified Management and Employee base.
- Strong and Consistent Financial Performance.
- Growing customer base.
- Scalable and reliable business model.
- Experienced Promoters and Senior Management with extensive domain knowledge.
How To Apply for Mahendra Realtors & Infrastructure Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
