'The initial public offer (IPO) of Mahendra Realtors & Infrastructure received bids for 14,66,16,000 shares as against 58,17,600 shares on offer. The issue was subscribed 25.20 times.
The issue opened for bidding on 12 August 2025) and it closed on 14 August 2025. The price band of the IPO was fixed at Rs 75 to Rs 85 per share. The equity shares will list on NSE’s SME platform.
Qualified Institutional Buyers (QIBs) bid for 24,40,000 shares, Non-Institutional Investors (NIIs) for 7,34,46,400 shares, while Retail Individual Investors (RIIs) placed bids for 7,07,29,600 shares.
The IPO comprised 58,17,600 equity shares, including a fresh issue of 47,26,400 equity shares and offer for sale (OFS) of 10,91,200 equity shares. The promoter and promoter group shareholding diluted to 73.68% from 100% pre-issue.
The company intends to utilize the net proceeds for funding of long term working capital requirement, issue expenses and general corporate purposes.
Mahendra ...
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