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New Delhi. Shares of Mahendra Realteers and Infrastructure, which work like construction, structural repair, building rehabilitation and retrofitting, today disappointed its IPO investors by entering the stock market with a decline in the stock market. Under the IPO, the company’s shares were released at a price of Rs 85. Today, its listing on NSE’s SME platform was at Rs 68 with 20 percent discount. The company’s shares slipped shortly to the lower circuit level of Rs 64.60 due to the start of selling after a weak listing. In this way, the IPO investors of the company suffered a loss of 24 percent in the first day trading.

The IPO of Rs 49.45 crore of Mahendra Realters and Infrastructure was opened for subscription between August 12 to 14. This IPO received good response from investors, due to which it was subscribed to 25.15 times. Among them, the reserve post for qualified Institutional Buyers (QIB) was 43.57 times subscribed. Similarly, there was 27.02 times subscription in the reserve post for non -institutional investors (NII). Apart from this, the reserve post for retail investors was 25.59 times subscribed. Under this IPO, new shares of Rs 40.18 crore have been issued. Apart from this, 10,91,200 share offers with a face value of Rs 10 have been sold through offers for cell windows. The company will use the money collected through the IPO to meet the needs of its working capital and in common corporate purposes.

Talking about the financial condition of the company, according to the claim made in the prospectus, its financial health has been strongly strengthened. In the financial year 2022-23, the company had a net profit of Rs 4.04 crore, which increased to Rs 11.58 crore to Rs 11.58 crore and 2024-25 to Rs 14.87 crore. During this period, the company’s revenue increased to Rs 128.69 crore from the compound annual growth rate of more than 39 percent annually (compound annual growth rate). During this time the company continued to fluctuate debt. At the end of FY 2022-23, the company’s debt of Rs 43.64 crore, which declined to Rs 16.13 crore at the end of FY 2023-24. However, at the end of FY 2024-25, the company’s debt once again increased to Rs 27.81 crore.