Mahendra Realtors & Infrastructure IPO Opens for Bidding; GMP, Price Band and Subscription Update

The maiden SME public issue of Mahendra Realtors & Infrastructure Ltd. opened for subscription on August 12, 2025, offering investors an opportunity to invest in the growing real estate and infrastructure services segment. The IPO will remain open until August 14, 2025.

Price Band & Lot Size:
The company has fixed the IPO price band at ₹75 to ₹85 per share. At the upper price, the total issue size stands at around ₹49.45 crore, comprising a fresh issue of ₹40.17 crore and an offer-for-sale (OFS) of ₹9.28 crore by existing shareholders. The lot size is set at 1,600 shares, with retail investors required to apply for at least two lots—a minimum investment of approximately ₹2.4 lakh.

GMP (Grey Market Premium):
As of 1:35 PM on August 12, 2025, the IPO is commanding a GMP of ₹6, suggesting an estimated listing price of ₹91 per share—about 7.06% higher than the upper price band.

Subscription Status (Day 1):
The IPO saw a modest start, with overall subscription at 4% by late morning. Retail investors subscribed to 7%, while non-institutional investors subscribed to 1%. Qualified institutional buyers are yet to participate, which is common in early SME IPO stages.

Key Dates:

• IPO Open: August 12, 2025

• IPO Close: August 14, 2025

• Allotment Date: August 18, 2025

• Refunds & Demat Credit: August 19, 2025

• Listing Date (NSE SME): August 20, 2025

About the Company:
Mahendra Realtors & Infrastructure is engaged in structural repairs, retrofitting, rehabilitation works, waterproofing, corporate interiors, BOT infrastructure projects, and large-scale restoration contracts. The company has completed over 200 projects and works with clients such as CIDCO, Indian Railways, IIT Bombay, and Airports Authority of India.