Mayasheel Ventures Limited, has launched its initial public offering (IPO) on Jun 20, 2025, aiming to raise Rs 27.28 crore through fresh issue of 58.05 lakh equity shares. Mayasheel Ventures Limited IPO is set to close on Jun 24, 2025, with the shares expected to be listed on the NSE SME platform on Jun 27, 2025.
Mayasheel Ventures Limited Company Overview
Mayasheel Ventures Limited is a Ghaziabad-based infrastructure company specializing in the construction of roads, highways, bridges, flyovers, and related civil and electrical projects, primarily for government agencies such as NHIDCL and various state departments. Originally established as a partnership in 2008 and converted to a public limited company in 2024, it operates as a Class A government-approved contractor with a strong track record in executing technically complex, high-value projects. The company also undertakes electrical infrastructure assignments, including power house construction and street lighting installations.
Mayasheel Ventures Limited IPO Details
Mayasheel Ventures Limited IPO is a bookbuilding IPO of Rs 27.28 crores. The issue is a complete fresh issue of Rs 27.28 crores. Narnolia Financial Services Ltd is the book running lead manger of the Mayasheel Ventures Limited IPO, Maashitla Securities Private Limited is the Registrar for the issue. Market maker for Mayasheel Ventures Limited IPO is Prabhat Financial Services Ltd.
| Issue Type | Bookbuilding IPO |
| Face Value | Rs 10 per share |
| Issue Price | Rs 44 – Rs 47 per share |
| Lot Size | 3000 shares per lot |
| Issue Size | Rs 27.28 crore |
| Fresh Issue | Rs 27.28 crore |
| Offer for Sale (OFS) | Rs 0 crore |
| Listing at | NSE SME |
| Market Capitalization | Rs 103.64 cr |
| Book Running Lead Managers | Narnolia Financial Services Ltd |
| Registrar | Maashitla Securities Private Limited |
| Market Maker | Prabhat Financial Services Ltd |
Mayasheel Ventures Limited IPO Timeline
Mayasheel Ventures Limited IPO opened on 20th Jun 2025 and Closes on 24th Jun 2025. Find Mayasheel Ventured Limited IPO tentative dates below.
| IPO Open Date | 20-Jun-2025 (Friday) |
| IPO Close Date | 24-Jun-2025 (Tuesday) |
| Allotment | 25-Jun-2025 (Wednesday) |
| Initiation of Refunds | 26-Jun-2025 (Thursday) |
| Demat Credit of Shares | 26-Jun-2025 (Thursday) |
| Listing Date | 27-Jun-2025 (Friday) |
| Cut off time for UPI mandate confirmation | 24-Jun-2025 at 5PM |
Mayasheel Ventures Limited IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3000 | Rs 1,41,000 |
| Retail (Maximum) | 1 | 3000 | Rs 1,41,000 |
| HNI (Minimum) | 2 | 6000 | Rs 2,82,000 |
Mayasheel Ventures Limited IPO Objectives
The proceeds from the Mayasheel Ventures Limited IPO will be utilised for following purposes:
| Purpose | Amount (in Rs) | Percentage |
|---|---|---|
| Working capital requirements | 14.00 Crore | 51.31% |
| Capital expenditure | 4.00 Crore | 14.67% |
| General corporate purpose |
Mayasheel Ventures Limited IPO Financial Performance
Find Mayasheel Ventures Limited IPO last 3 years financial details below.
| Financials | 31-Mar-25 (Crores) | 31-Mar-24 (Crores) | 31-Mar-23 (Crores) |
|---|---|---|---|
| REVENUE | 172.05 | 131.14 | 127.10 |
| ASSETS | 99.10 | 92.56 | 79.03 |
| NET WORTH | 28.84 | 24.09 | 18.06 |
| TOTAL DEBT | 34.06 | 35.05 | 33.23 |
| PAT | 11.33 | 6.51 | 4.75 |
Mayasheel Ventures Limited IPO Strengths and Risks
Strengths:
- Seasoned leadership with 35+ years’ experience and strong government ties boosts contract wins and client satisfaction.
- As of March 31, 2025, the company holds a ₹201.6 crore order book in roads and highways with strong execution capabilities.
- The company has strong project management, completing 75+ projects worth ₹829.8 crore on time with high quality.
Risks:
- Dependence on government contracts exposes the company to risks from policy and funding changes.
- The company faces ongoing legal proceedings, and any adverse rulings could significantly impact its business and financial condition.
- Most assets are still under the old partnership name, causing potential legal and administrative delays.
- Experienced negative cash flows from investing and financing activities in recent years.
- Company’s operations are affected by the monsoon season and environmental factors, causing delays and increased costs.
Mayasheel Ventures Limited IPO Grey Market Premium (GMP)
The latest grey market premium (GMP) for Mayasheel Ventures Limited is Rs 5 per share, which represents a premium of approximately 10.6% over the upper end of the IPO price band of Rs 47.
Mayasheel Ventures Limited IPO Review: Avoid
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.