Mayasheel Ventures Ltd. was incorporated on May 31, 2018. The company undertakes the construction of roads and highways for NHIDCL and other government departments. It executes complex and high-value projects such as expressways, national highways, flyovers, and bridges
| Bidding Dates |
|---|
| 20 Jun 2025 - 24 Jun 2025 |
| Subscription |
|---|
| 216.5x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 3000 | 5.8 M | ₹44 - ₹47 | 67.76 % | ₹255.4 M - ₹272.8 M | RHP DOC |
Mayasheel Ventures IPO SUBSCRIPTION STATUS
24 Jun '25Mayasheel Ventures IPO overall subscription rate was 216.5 times the total available shares
Mayasheel Ventures IPO retail subscription rate was 136.35 times in the retail segment
Mayasheel Ventures IPO non-institutional investor subscription rate was 951.36 times in the non-institutional investor category
Mayasheel Ventures IPO Qualified Institutional Bidder subscription rate was 52.15 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Jun 2025 (Day 3) | 136.35x | 951.36x | 52.15x |
23 Jun 2025 (Day 2) | 7.64x | 2.71x | 3.72x |
20 Jun 2025 (Day 1) | 1.73x | 0.67x | 3.72x |
Mayasheel Ventures FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 11.3 | 171.0 | 12.1 | 6.2 | 15.0% |
| FY24 | 6.5 | 130.3 | 9.8 | 5.5 | 13.3% |
| FY23 | 4.8 | 126.4 | 12.7 | 12.3 | 12.2% |
Mayasheel Ventures IPO SUBSCRIPTION STATUS DETAILS
Mayasheel Ventures had 5.8 M shares on offer
Mayasheel Ventures IPO offer price was in the range ₹44 - ₹47
Mayasheel Ventures IPO minimum Investment was ₹132000
Mayasheel Ventures IPO issue size was ₹ 255.4 M - ₹ 272.8 M
Mayasheel Ventures had a minimum lot size of 3000 Shares per application
Mayasheel Ventures NUMBER OF SHARES ON OFFER
Mayasheel Ventures IPO IMPORTANT DATES
| Issue Open Date | 20 Jun 2025 |
| Issue close Date | 24 Jun 2025 |
| Allotment Date | 25 Jun 2025 |
| Refund Date | 26 Jun 2025 |
| Demat Account Credit Date | 26 Jun 2025 |
| Listing Date | 27 Jun 2025 |
| Listing on Exchange(s) | NSE |
| Mayasheel Ventures Allotment Status | Exchange/ Registrar |
Mayasheel Ventures IPO subscription opened on 20 Jun 2025, and closed on 24 Jun 2025
IPO allotment for Mayasheel Ventures was finalized on Wednesday, 25 Jun 2025
IPO listing for Mayasheel Ventures was on NSE on Friday, 27 Jun 2025
Mayasheel Ventures IPO LISTING GAINS
| Issue Price (adjusted) | 47.0 |
| Listing Open Price | 58.0 |
| Listing Close Price | 60.9 |
| Listing Gain% | 23.4% |
| Current Gain% | -16.0% |
Mayasheel Ventures Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mayasheel Ventures Ltd. | 39.5 | 87.1 | 7.7 | -92.7 | 0.4 | 17.8 | 7 | 206.9 | 20.2 | 11.3 | -0.1 | 5.1 | -0.1 |
| IRB Infrastructure Developers Ltd. | 19.7 | 23769.5 | 24.9 | -0.3 | 3.1 | 4 | 1.6 | 7854 | -2.2 | 850.4 | -86.9 | 0.8 | -85.4 |
| G R Infraprojects Ltd. | 870.7 | 8424.9 | 8.3 | -1 | 0.9 | 9.6 | 5.6 | 8527.3 | 12.3 | 902.8 | -11 | 105 | -7.9 |
| Dilip Buildcon Ltd. | 449 | 7293 | 5.6 | 0.1 | 0.8 | 19.1 | 6.9 | 9499.6 | -17.1 | 1302.4 | 103.2 | 80.2 | 103.2 |
| PNC Infratech Ltd. | 224.4 | 5756.2 | 7.9 | 0.9 | 1 | 12.2 | 6 | 5509.6 | -20.6 | 831.8 | 2 | 28.5 | 9 |
| Ashoka Buildcon Ltd. | 118.3 | 3321.8 | 1.3 | 0 | 0.4 | 38.8 | 19.5 | 7703.6 | -24.5 | 2550 | 50.5 | 90.8 | 50.5 |
Mayasheel Ventures INFORMATION ON IPO ISSUE
About Mayasheel Ventures
Mayasheel Ventures Ltd. was incorporated on May 31, 2018. The company undertakes the construction of roads and highways for NHIDCL and other government departments. It executes complex and high-value projects such as expressways, national highways, flyovers, and bridges
Object of the Issue
- Funding capital expenditure requirements for the purchase of equipment/machineries
- Funding the working capital requirements of the company
- General corporate purposes
Mayasheel Ventures - PROMOTERS
| Name |
|---|
| Amit Garg |
| Meenu Garg |
| Prabhat Rajpoot |
Mayasheel Ventures Book Running Lead Manager
Narnolia Financial Services Limited
ipo@narnolia.com
Mayasheel Ventures Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Mayasheel Ventures Strengths
Quality
The company focuses on maintaining quality across products, processes, and raw materials. It follows client-prescribed standards, conducts quality checks, and seeks approvals to ensure consistent service quality
Order book
The company attributes its growing order book to its focus on roads and highways, strong execution track record, timely delivery, and competitive pricing, which help it win new projects
Project management & execution capabilities
The company aims to complete projects on time while maintaining high construction quality. It emphasises strict adherence to contract specifications and timely execution
Mayasheel Ventures Risks
Competition
Infrastructure projects are awarded to the company after meeting pre-qualification criteria and competitive bidding. Failure to win new projects or early termination of contracts may adversely affect its business and financial health
Geographically concentrated
A significant portion of the company’s revenue comes from Assam, Manipur, and Nagaland. Any adverse developments in these states may negatively impact its revenue and operational results
Project timeline & profitability
The company has not yet placed orders for all the plant and machinery required for its proposed project. Any delays in procurement may impact the implementation schedule and increase costs, affecting revenue and profitability
IPO FAQs
The promoters of the company are Amit Garg, Meenu Garg and Prabhat Rajpoot.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 44.0 - 47.0.
The IPO application opens on Jun 20, 2025 and closes on Jun 24, 2025.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 141,000.0.
This IPO will be allotted on Jun 25, 2025.
The refund will be credited to your account on Jun 26, 2025.
The allotted shares will be credited to your demat on Jun 26, 2025.
Mayasheel Ventures Ltd.’s shares listed on the stock exchanges on Jun 27, 2025.