Mahendra Realtors & Infrastructure Share Price: Stock Lists 20% Below IPO Price on NSE Emerge

Market Performance

Mahendra Realtors & Infrastructure had a weak listing on August 20, 2025. The shares opened at ₹68 per share on the NSE Emerge platform, marking a 20% discount compared to the IPO price of ₹85 per share.

Interestingly, this discount was steeper than the 12% cut seen in the grey market before listing, indicating lower-than-expected debut performance.

Main News

The IPO of Mahendra Realtors & Infrastructure had earlier witnessed strong demand from investors. The issue was subscribed 25.2 times during its three-day bidding window between August 12 and August 14.

• Total bids received: 14.66 crore shares
• Applications filed: 29,971 in total

Despite robust subscription numbers, the stock’s opening on the exchange reflected significant listing pressure.

Company Details

Mahendra Realtors & Infrastructure is a Mumbai-based company engaged in structural repair services.

The IPO aimed to raise ₹49.45 crore, comprising:

• Fresh issue: 47.26 lakh shares
• Offer for sale (OFS): 10.91 lakh shares
• Price band: ₹75 – ₹85 per share

Utilization of IPO Proceeds

• ₹30.4 crore allocated towards working capital requirements
• Remaining funds for general corporate purposes

Fast Track Finsec acted as the sole book-running lead manager for the issue.

Summary

Mahendra Realtors & Infrastructure shares made a weak debut, opening 20% lower than the IPO price of ₹85 per share. Despite being oversubscribed 25.2 times, the stock failed to meet grey market expectations, which had indicated a smaller 12% discount.

With IPO proceeds mainly targeted at working capital and corporate expenses, the market will now closely watch how the company utilizes the raised funds and navigates its future growth trajectory.