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Mahendra Realtors & Infrastructure Ltd. has launched an Initial Public Offering (IPO) on the NSE Emerge platform, aiming to raise INR 49.45 crore. The company, which specializes in engineering and construction services, plans to use the funds to meet its working capital needs and support business growth. According to Managing Director Hemanshu Shah, this public offering is a key milestone that will allow the company to scale its operations, enhance service delivery, and capitalize on new opportunities in India's growing infrastructure sector.
Mahendra Realtors & Infrastructure Limited (MRIL), a company that provides engineering and construction services, has launched its Initial Public Offering (IPO) today, on August 12, 2025. The company aims to raise INR 49.45 crore at the upper end of its price band, with its shares to be listed on the NSE Emerge platform, which is a segment designed for small and medium-sized enterprises. Advertisement
The issue size is 58,17,600 equity shares with a face value of INR 10 each. The price band for the IPO has been set between INR 75 and INR 85 per share. The anchor portion of the IPO opened on August 11, 2025, and the public issue will close on August 14, 2025. The net proceeds from the IPO are intended to fund the company's working capital requirements and for general corporate purposes, including operational and organizational growth.
Hemanshu Shah, Managing Director of Mahendra Realtors & Infrastructure Limited, stated that the launch of the IPO represented a key milestone in their journey as they continue to build, restore, and reshape infrastructure across the country. He mentioned that the company has a legacy of landmark works, such as the structural enhancement of the Vashi and Belapur Railway Stations, projects that reflect its technical strength and commitment to quality.
Sakshi, Director of Fast Track Finsec Private Limited, the Book Running Lead Manager to the Issue, said that the company has built a strong reputation in the engineering and construction space, offering services such as structural repairs, rehabilitation, retrofitting, waterproofing, and infrastructure restoration. With a track record of successfully completing over 500 projects across government and private sectors and a robust order book, MRIL is positioned for long-term growth. The director added that as India sees a significant surge in infrastructure development, driven by government initiatives and urban expansion, the company is well-positioned to capitalize on these opportunities.
Source: PTI
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