Description
NSE announces listing of MRIL equity shares on EMERGE SME Platform effective August 20, 2025 with IPO price of Rs. 85 per share.
Summary
NSE announces the listing of Mahendra Realtors & Infrastructure Limited (MRIL) equity shares on the EMERGE SME Platform effective August 20, 2025. The company’s 22,103,900 equity shares of Rs. 10/- face value will be available for trading at an IPO price of Rs. 85 per share.
Key Points
- Symbol: MRIL (Mahendra Realtors & Infrastructure Limited)
- ISIN: INE632Q01018
- Face Value: Rs. 10/- per share
- IPO Price: Rs. 85/- per share
- Total shares: 22,103,900 equity shares
- Market lot: 1600 equity shares
- Trading series: ST (Trade for Trade Surveillance Segment with Settlement Type ‘W’)
- Market maker spread: Within 10%
Regulatory Changes
- Shares will initially trade in Series ‘ST’ (TFTS - Settlement Type ‘W’)
- Will subsequently shift to Series ‘SM’ (Normal Rolling Segment - Settlement Type ‘N’) as per SEBI circulars
- Part of pre-open session for IPO category as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012
- Available for continuous market trading as per Exchange Circular NSE/CMTR/37202
Compliance Requirements
- Members must identify securities only by designated codes
- Trading must be in specified lot sizes (1600 shares)
- Market maker maximum permissible spread within 10%
- Lock-in details as per Annexure I
Important Dates
- Effective Date: August 20, 2025
- Circular Date: August 19, 2025
- Financial Year: April 2025 - March 2026
Impact Assessment
The listing provides new investment opportunities in the real estate and infrastructure sector through the SME platform. The Trade for Trade Surveillance Segment classification indicates enhanced monitoring for initial trading, providing investor protection while allowing market participation.
Impact Justification
New SME IPO listing with specific trading arrangements and surveillance measures