Latest news with #MayasheelVentures
Business Standard
3 hours ago
- Business
- Business Standard
NSE SME Mayasheel Ventures constructs a strong market entry
Shares of Mayasheel Ventures were trading at Rs 58.15 on the NSE, a premium of 23.72% compared with the issue price of Rs 47. The scrip was listed at Rs 58, a premium of 23.40% compared with the initial public offer (IPO) price. The stock was currently up 0.26% over its listing price. The counter hit a high of Rs 60 and a low of Rs 58. About 26.13 lakh shares of the company changed hands at the counter. Mayasheel Ventures' IPO was subscribed 216.50 times. The issue opened for bidding on 20 June 2025 and it closed on 24 June 2025. The price band of the IPO was set at Rs 44 to 47 per share. The IPO comprised fresh issue of 58,05,000 shares. The promoter and promoter shareholding diluted to 67.76% from 91.97% pre-IPO. The company intends to utilize the net proceeds for funding capital expenditure requirements for the purchase of equipment or machineries, funding the working capital requirement and for general corporate purpose. Ahead of the IPO, Mayasheel Ventures on 19 June 2025, raised Rs 7.75 crore from anchor investors. The board allotted 16.50 lakh shares at Rs 47 per share to 5 anchor investor. Mayasheel Ventures is involved in the business of construction of roads and highways for NHIDCL (National Highways and Infrastructure Development Corporation) and other government departments. The company transacts the business to construct, build, alter, convert, improve, design, establish, develop, dismantle, reconstruct all types of technically complex constructions and high value projects like expressways, national highways, flyovers, bridges. As of 31 March 2025, the company had a total of 294 permanent employees. In the year ended FY25, the company's revenue from operations stood at Rs 171 crore, while profit after tax was at Rs 11.33 crore.
Mint
5 hours ago
- Business
- Mint
Strong Debut! Mayasheel Ventures shares list at ₹58 on NSE SME, a premium of 23.40% from IPO price
Mayasheel Ventures IPO listing: Shares of Mayasheel Ventures made a strong debut on the bourses on Friday, June 27, listing at ₹ 58 on NSE SME, a premium of 23.40 percent from its issue price of ₹ 47. The SME IPO, valued at ₹ 27.28 crore, was open for subscription from June 20 to June 24. Mayasheel Ventures' IPO ended on a overwhelming note, with the issue subscribed 232.72 times over the three-day bidding window. Investors placed bids for 89.92 crore as against 38.64 lakh shares on offer. The retail investor segment saw 102.63 times subscription, while the non-institutional investor (NII) category witnessed 715.75 times subscription. The portion reserved for qualified institutional buyers (QIBs) was also subscribed 98.14 times. The IPO comprises a fresh issue of 2.25 crore equity shares with no offer for sale (OFS) component. The minimum application size was 3000 shares, implying a minimum investment of ₹ 1.41 lakh from retail investors. The company plans to deploy the proceeds from the issue towards capital expenditure for acquiring equipment and machinery, meeting its working capital needs, and addressing general corporate requirements. The issue also raised ₹ 7.76 crore from anchor investors on June 19, 2025. Narnolia Financial Services was the book-running lead manager for the IPO, while Maashitla Securities Private served as the registrar for the issue. Meanwhile, the market maker for the Mayasheel Ventures IPO was Prabhat Financial Services. Mayasheel Ventures Limited, incorporated in May 2008, is primarily involved in the construction of roads and highways for clients such as the National Highways and Infrastructure Development Corporation (NHIDCL) and various other government departments. The company specializes in executing complex infrastructure projects including expressways, flyovers, highways, and bridges. It operates on both EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) models, allowing it to manage diverse project requirements efficiently. In addition to civil construction, Mayasheel Ventures has also carried out electrical works such as building power houses, installing street lighting, and laying transmission lines. Its business is predominantly tender-driven, with the majority of its revenue generated from government contracts.
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Business Standard
7 hours ago
- Business
- Business Standard
Mayasheel Ventures makes positive market debut; shares list at 23% premium
Mayasheel Ventures IPO listing today: Shares of roads and highways construction company Mayasheel Ventures made a robust market debut on Friday, June 27, 2025, listing at ₹58 on the NSE SME platform, a premium of 23.4 per cent from its issue price of ₹47 per share. After the listing, shares of Mayasheel Ventures were trading at ₹59.5, up 2.6 per cent from the opening price. Mayasheel Ventures' debut was slightly below the grey market estimates. Ahead of listing, the unlisted shares of Mayasheel Ventures were trading ₹60, reflecting a premium of ₹13 or 27.6 per cent against the issue price. Mayasheel Ventures IPO subscription Mayasheel Ventures IPO details Mayasheel Ventures IPO comprises a fresh issue of 5.8 million equity shares to raise ₹27.28 crore. There is no offer for sale (OFS) component. Mayasheel Ventures IPO was available for subscription from Friday, June 20, 2025, till Tuesday, June 24, 2025. The basis of allotment of shares was finalised on Wednesday, June 25, 2025. Maashitla Securities was the registrar of the issue. Narnolia Financial Services was the book-running lead manager of the Mayasheel Ventures IPO. According to the red herring prospectus (RHP), the company plans to use the net issue proceeds to purchase equipment and machinery and meet working capital requirements. The remaining funds will be used for general corporate purposes. About Mayasheel Ventures Mayasheel Ventures is involved in the business of construction of roads and highways for the National Highways and Infrastructure Development Corporation (NHIDCL) and other government departments. It is also a 'Class A' government contractor issued by the Uttar Pradesh Public Works Department (UPPWD), which means the company is qualified to take on large-scale and complex infrastructure projects. It also takes projects on an EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) basis.
Mint
7 hours ago
- Business
- Mint
Strong Debut! Mayasheel Ventures shares list at ₹58 on NSE SME, a premium of 23.40% from IPO price
Mayasheel Ventures IPO listing: Shares of Mayasheel Ventures made a strong debut on the bourses on Friday, June 27, listing at ₹ 58 on NSE SME, a premium of 23.40 percent from its issue price of ₹ 47. The SME IPO, valued at ₹ 27.28 crore, was open for subscription from June 20 to June 24. Mayasheel Ventures' IPO ended on a overwhelming note, with the issue subscribed 232.72 times over the three-day bidding window. Investors placed bids for 89.92 crore as against 38.64 lakh shares on offer. The retail investor segment saw 102.63 times subscription, while the non-institutional investor (NII) category witnessed 715.75 times subscription. The portion reserved for qualified institutional buyers (QIBs) was also subscribed 98.14 times. The IPO comprises a fresh issue of 2.25 crore equity shares with no offer for sale (OFS) component. The minimum application size was 3000 shares, implying a minimum investment of ₹ 1.41 lakh from retail investors. The company plans to deploy the proceeds from the issue towards capital expenditure for acquiring equipment and machinery, meeting its working capital needs, and addressing general corporate requirements. The issue also raised ₹ 7.76 crore from anchor investors on June 19, 2025. Narnolia Financial Services was the book-running lead manager for the IPO, while Maashitla Securities Private served as the registrar for the issue. Meanwhile, the market maker for the Mayasheel Ventures IPO was Prabhat Financial Services. Mayasheel Ventures Limited, incorporated in May 2008, is primarily involved in the construction of roads and highways for clients such as the National Highways and Infrastructure Development Corporation (NHIDCL) and various other government departments. The company specializes in executing complex infrastructure projects including expressways, flyovers, highways, and bridges. It operates on both EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) models, allowing it to manage diverse project requirements efficiently. In addition to civil construction, Mayasheel Ventures has also carried out electrical works such as building power houses, installing street lighting, and laying transmission lines. Its business is predominantly tender-driven, with the majority of its revenue generated from government contracts. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
9 hours ago
- Business
- Economic Times
Mayasheel Ventures IPO to debut today. GMP indicates positive market sentiment
Mayasheel Ventures is set to make its market debut on the NSE SME platform on Friday, following the allotment finalised on June 25. The Rs 27.28 crore IPO, entirely a fresh issue of 58.05 lakh shares, was offered at a fixed price of Rs 47 per share. ADVERTISEMENT As per the latest grey market trends, the IPO is commanding a GMP of Rs 13, indicating a possible listing price of Rs 60, and an estimated gain of 27.66 percent over the issue price. The IPO, which opened for subscription between June 20 and June 24, saw active participation from investors across categories, including anchor investors who were allocated 16.50 lakh shares worth Rs 7.76 crore. Incorporated in 2008, Mayasheel Ventures Limited is a government contractor specialising in road and highway construction, including expressways, flyovers, drainage systems, and electrical works such as transmission lines and streetlight installations. The company operates on an EPC and BOQ model and primarily works with government departments like strength lies in execution capabilities and a qualified engineering team, with 294 employees as of March 31, 2025. The company maintains a healthy order book in roads, highways, and bridge segments. ADVERTISEMENT For FY25, Mayasheel Ventures reported Rs 172.05 crore in revenue, up from Rs 131.14 crore in FY24, marking a 31%growth. Profit after tax rose sharply by 74% from Rs 6.51 crore to Rs 11.33 a pre-listing GMP of Rs 13 and solid financial growth, the market expects Mayasheel Ventures to open at a premium. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
