Latest news with #MayasheelVenturesLimited
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)
Time of India
10 hours ago
- Business
- Time of India
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. 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. Business Snapshot 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 NHIDCL. Live Events Its 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. Financial Performance 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 crore. With 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)
Time of India
20-06-2025
- Business
- Time of India
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More 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. Live Events 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.
Economic Times
20-06-2025
- Business
- Economic Times
Mayasheel Ventures IPO opens for subscription today. Check details
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. Synopsis Mayasheel Ventures Limited is launching its IPO on June 20, 2025, aiming to raise Rs 27.28 crore through a fresh issue of equity shares. The IPO, priced between Rs 44 and Rs 47 per share, will be open until June 24, with proceeds allocated for capital expenditure and working capital. 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. ADVERTISEMENT Retail investors can bid for a minimum of one lot, which comprises 3,000 shares. 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 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 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. ADVERTISEMENT The IPO proceeds will be used primarily for capital expenditure on machinery (Rs 4 crore), working capital requirements (Rs 14 crore), and general corporate 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. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Business Standard
17-06-2025
- Business
- Business Standard
Mayasheel Ventures Limited to Launch IPO on June 20, Listing on NSE Emerge by June 27
PNN New Delhi [India], June 17: Mayasheel Ventures Limited, a prominent infrastructure development company, has announced the opening of its Initial Public Offering (IPO) on June 20, 2025. Incorporated in 2008, the company has established a strong reputation as an 'A' class government contractor, primarily engaged in the construction of roads, highways, expressways, flyovers, and bridges. Mayasheel also undertakes complex electrical and civil projects on an EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantities) basis, delivering critical infrastructure for government departments, including NHIDCL. The IPO comprises a fresh issue of 58,05,000 equity shares at a price band of ₹44 to ₹47 per share, aggregating to ₹27,28,35,000. The IPO will open for subscription on June 20, 2025, and close on June 24, 2025. The Anchor Bidding will take place on June 19, 2025. The shares are proposed to be listed on the NSE Emerge platform with a listing date set for 27th June, 2025. The minimum lot size for the application is 3,000 shares. Of the total issue, 16,50,000 equity shares (22.13%) have been reserved for anchor investor,s and 2,91,000 shares (3.90%) are allocated for market makers. The balance issue includes 11,04,000 shares (14.81%) for Qualified Institutional Buyers (QIBs), 8,28,000 shares (11.11%) for Non-Institutional Investors (NIIs), and 19,32,000 shares (25.92%) for Retail Individual Investors (RIIs), as per SEBI guidelines. With over 17 years of operational history, the company has completed 32 civil contracts and 26 electrical projects, employing a workforce of 237 on-roll and 180 off-roll employees. Mr. Amit Garg, Chairman and Managing Director of Mayasheel Ventures Limited, stated, "This IPO marks a pivotal moment in our journey. With increased capital, we aim to strengthen our technical capabilities, expand our equipment base, and take on more complex, high-value government projects. Our focus remains on delivering quality infrastructure that drives national development." The net proceeds from the IPO will be utilised to fund capital expenditure for the purchase of equipment and machinery, meet working capital requirements, and support general corporate purposes. These investments are expected to enhance Mayasheel's execution capacity and competitiveness across its civil and electrical verticals. The Book Running Lead Manager for the company is Narnolia Financial Services Limited, and Registrar to the Issue is Maashitla Securities Private Limited.
