Latest news with #MayasheelVentures'
Business Standard
11 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.
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Business Standard
15 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.
