Mayasheel Ventures IPO opens for subscription today. Check details
Mayasheel Ventures Limited's
initial public offering
(IPO) will open for subscription on Friday, June 20, 2025, and will remain open until Tuesday, June 24, 2025. The Rs 27.28 crore issue is entirely a fresh offering of 55.14 lakh equity shares and will be listed on the NSE SME platform. The price band is fixed at Rs 44 to Rs 47 per share.
Retail investors can bid for a minimum of one lot, which comprises 3,000 shares.
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Anchor investors have already committed Rs 7.76 crore in the pre-IPO placement round held on June 19. A total of 16.50 lakh shares were allocated to anchor investors ahead of the public offer.
Mayasheel Ventures is a government-focused infrastructure company engaged primarily in road construction, including highways, bridges, and flyovers. It also undertakes electrical projects such as transmission line installation, street lighting, and power house construction. The company serves primarily through government tenders and has worked with agencies such as NHIDCL.
As of March 31, 2025, it had 294 employees and a robust order book from road, bridge, and electrical projects. Its competitive strengths include a qualified management team, strong execution capabilities, and consistent compliance with quality benchmarks.
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Financially, the company reported revenue of Rs 172.05 crore in FY25, up 31% from Rs 131.14 crore in FY24. Net profit grew 74% year-on-year to Rs 11.33 crore in FY25. Its return on equity (ROE) stands at 42.83%, with a post-issue P/E of 9.14.
The IPO proceeds will be used primarily for capital expenditure on machinery (Rs 4 crore), working capital requirements (Rs 14 crore), and general corporate purposes.
Narnolia Financial Services is the book-running lead manager and Maashitla Securities Pvt Ltd is the registrar. The tentative allotment date is June 25, with listing scheduled for June 27.
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