IPO Plus

₹0.65

▼ -0.01 -1.52%

As of 12 Jun 2026 · delayed

NSE Listed

GSM · GSM 0 · IBC
What does GSM · GSM 0 · IBC mean?
BSE · Graded Surveillance Measure (GSM 0)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).
NSE · Graded Surveillance Measure (GSM 0)GSM targets fundamentally weak companies whose price doesn't square with their financials (tiny net worth or negative/extreme P/E). Practical meaning: the exchange doubts the price is backed by the business. Stage 0 is a watchlist; each higher stage makes the stock progressively harder to trade — tighter bands, full upfront margin, weekly-only trading, and at Stage IV no upward price movement at all. Exiting requires a quarterly review finding the criteria no longer met.Criteria: Shortlisted on objective financial parameters — net worth, net fixed assets, price-to-earnings multiple and market capitalisation. Stage 0 = base surveillance watchlist (identified under GSM, no graded price restriction yet); Stages I–VI add escalating curbs (price band, 100% margin, periodic call auction, settlement on a gross/trade-for-trade basis, no upward price movement).Exchange notice
BSE · Securities under IBCThe company is in the insolvency process. Practical meaning: equity holders often recover little or nothing in resolution, so the exchange restricts price movement to stop speculative churn in a claim that may be extinguished.Criteria: Company admitted to the Corporate Insolvency Resolution Process under the Insolvency & Bankruptcy Code; placed under surveillance with restricted price movement.

MEP Infrastructure Developers Ltd. (MEP)

Volume: 3,05,351Avg Vol 1W: 1,34,389.2Avg Vol 1M: 97,961.4552W Range:₹0.82₹2.87
Key Ratios
Checked 1h ago
Market Cap₹15 Cr
Current Price₹0.65
Previous Close₹0.66
High / Low (52w)₹2.87 / ₹0.82
Volume3,05,351
Avg Vol (1W)1,34,389.2
Avg Vol (1M)97,961.45
Stock P/E0
Book Value₹-26.71
Dividend Yield—
ROE0%
ROA—
Revenue (TTM)₹269 Cr
Revenue Growth—
Profit Margin—
Total Debt₹53 Cr
Shares Outstanding—
Face Value₹10
EPS (TTM)₹-12.24
P/B-0.44
Debt / Equity0
50 DMA₹0.94
200 DMA₹1.54
Day change-1.52%
SurveillanceGSM · GSM 0 · IBC
Price Chart
₹0.65▼ 73.79% · 1Y
₹3₹110.7L
2025-10-27
2026-06-12

20-day avg volume: 98K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 70% YoY.
Cons
  • Company is loss-making at the latest annual result.
  • Negative book value per share.
Quarterly Results
MetricMar 2022Jun 2022Sept 2022Dec 2022Mar 2023Jun 2023Sept 2023Dec 2023
Revenue₹234 Cr₹150 Cr₹81 Cr₹2 Cr₹11 Cr₹6 Cr₹13 Cr₹19 Cr
EBITDA₹33 Cr₹-35 Cr₹-28 Cr₹-42 Cr₹-76 Cr₹-43 Cr₹-29 Cr₹-22 Cr
Net Profit₹-162 Cr₹-64 Cr₹-45 Cr₹-49 Cr₹-58 Cr₹-42 Cr₹-52 Cr₹-116 Cr
EPS————————
Profit & Loss (Annual)
MetricSept 2022Dec 2022Mar 2023Mar 2023Jun 2023Sept 2023Dec 2023Mar 2024
Revenue₹8 Cr₹16 Cr₹269 Cr₹20 Cr₹16 Cr₹3 Cr₹11 Cr₹20 Cr
EBITDA₹-8 Cr₹6 Cr₹-180 Cr₹-57 Cr₹-13 Cr₹-27 Cr₹-24 Cr₹-595 Cr
Net Profit₹-17 Cr₹-3 Cr₹-216 Cr₹-70 Cr₹-20 Cr₹-40 Cr₹-93 Cr₹-605 Cr
EPS——-12.24—————
Balance Sheet
MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Total Assets₹5,435 Cr₹4,896 Cr₹4,939 Cr₹5,207 Cr₹4,899 Cr₹4,765 Cr₹3,756 Cr₹3,207 Cr
Total Liabilities₹5,547 Cr₹4,904 Cr₹4,879 Cr₹4,942 Cr₹4,705 Cr₹4,648 Cr₹3,862 Cr₹3,674 Cr
Equity₹-112 Cr₹-8 Cr₹60 Cr₹265 Cr₹194 Cr₹117 Cr₹-106 Cr₹-467 Cr
Total Debt————————
Cash Flow
MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Operating₹480 Cr₹505 Cr₹726 Cr₹547 Cr₹822 Cr₹497 Cr₹261 Cr₹378 Cr
Investing₹-73 Cr₹-57 Cr₹-373 Cr₹-19 Cr₹-31 Cr₹-72 Cr₹113 Cr₹-16 Cr
Financing₹-374 Cr₹-426 Cr₹-338 Cr₹-482 Cr₹-743 Cr₹-497 Cr₹-415 Cr₹-361 Cr
Free Cash Flow₹480 Cr₹505 Cr₹726 Cr₹547 Cr₹822 Cr₹497 Cr₹261 Cr₹378 Cr
Shareholding
Promoter 21% Institutions 4.53% Public 74.48%
Efficiency & Working Capital
ROCE3464.3%
Interest Coverage-3
Dividend Payout—
Debtor Days31 d
Inventory Days5 d
Payable Days1683 d
Cash Conversion Cycle-1647 d
Working Capital Days36 d
Shareholding Details

As of 2026-09-30

Promoter21%
FII0.1%
DII4.4%
Institutions4.5%
Public74.5%
Promoter Pledge74.1%
No. of Shareholders33,313
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Promoters39.1%32.4%31%30.6%28.2%28.2%26.8%25.9%26%25.7%23.4%21%
FIIs3.8%3.6%3.6%0.4%0.4%0.1%0.1%0.1%0.1%0.1%0.1%0.1%
DIIs5.4%10%7.2%7.2%5.8%5.3%5.3%5.3%4.4%4.4%4.4%4.4%
Public51.8%54%58.2%61.7%65.5%66.4%67.8%68.7%69.5%69.8%72.1%74.5%
Promoter Pledge89.5%84.1%84.6%84.4%82.7%82.7%81.8%81.5%78.1%77.9%75.7%74.1%
No. of Shareholders32,34732,93334,84334,33034,83034,56534,24933,93033,54133,43233,56433,313
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202303————
Major Shareholders (>1%)
NameCategoryStakeShares
A J Tolls Private LimitedShareholding of Promoter and Promoter Group7.9%1.44 Cr
Ideal Toll And Infrastructure Private LimitedShareholding of Promoter and Promoter Group6.1%1.11 Cr
Hdfc Trustee Company Ltd. A/c Hdfc Balanced Advantage FundPublic Shareholding4.4%80,83,148
Sudha Dattatray MhaiskarShareholding of Promoter and Promoter Group3.9%71,26,296
Anuya Jayant MhaiskarShareholding of Promoter and Promoter Group3.1%57,63,113
Vani Agencies Private LimitedPublic Shareholding2.7%48,84,310
Aparna ChandPublic Shareholding2.6%47,32,604
Tarun Jain HufPublic Shareholding1.6%30,00,000
Rohitasava ChandPublic Shareholding1.5%27,65,500
Jagat Navratna LodhaPublic Shareholding1.4%25,00,185
Manju ParekhPublic Shareholding1.4%25,00,000
Vidyalaxmi Vijay KshirsagarShareholding of Promoter and Promoter Group0%56,373
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Sudha Dattatray Mhaiskar12,03,71816.9%2026-09-30
Anuya Jayant Mhaiskar23,77,15441.3%2026-09-30
A J Tolls Private Limited1.42 Cr98.2%2026-09-30
Ideal Toll And Infrastructure Private Limited1.08 Cr96.9%2026-09-30
Board of Directors
NameDesignationYear
Jayant D MhaiskarChairman & Managing Director2023
Anuya J MhaiskarDirector2023
Prakash NaringrekarIndependent Director2023
D DeepakWhole-time Director2023
Anand DesaiIndependent Director2023
NEERAJ VASANT HARDIKARIndependent Director2023
Segments — Product
SegmentRevenueShare
Toll Collection and Operation & Mai₹53 Cr89.3%
Construction₹6 Cr10.7%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2023₹10525183183
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20232,6470654203,366
202328701100354
2023280181055
Insider / Designated-Person Trades

30 recent disclosure(s)

IDEAL TOLL & INFRASTRUCTURE PRIVATE LIMITEDRevoke · 1,75,000
A J Tolls Private LimitedInvoke · 2,20,000
A J Tolls Private LimitedInvoke · 2,20,000
Sudha Dattatray MhaiskarInvoke · 10,00,000
Anuya Jayant MhaiskarInvoke · 17,00,000
Anuya Jayant MhaiskarInvoke · 4,33,897
Substantial Acquisitions (SAST)

17 disclosure(s)

Invocation of pledge11/10/2024 · —
Invocation of pledge11/10/2024 · —
Invocation of pledge11/10/2024 · —
Invocation of pledge10/10/2024 · —
Invocation of pledge09/10/2024 · —
Invocation of pledge24/04/2024 · —
Company Information
Incorporated2002
ChairmanJayant D Mhaiskar
AuditorGMJ & Co
Investor Email[email protected]
🌐 www.mepinfra.com ↗

📍 A 412 Boomerang, Chandivali Farm Rd Andheri(E), Mumbai, Maharashtra, 400072

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