Mayasheel Ventures Limited IPO Open

Mayasheel Ventures Limited, an Indian construction and infrastructure development company, has launched its Initial Public Offering (IPO) on the NSE SME platform. The IPO opened for subscription on June 20, 2025, and will close on June 24, 2025.

Mayasheel Ventures IPO Detail Overview:

Company Overview: Mayasheel Ventures Limited, incorporated in May 2008, is primarily engaged in the construction of roads, highways, expressways, flyovers, and bridges. The company largely works for government departments, including the National Highways and Infrastructure Development Corporation Limited (NHIDCL). They operate on both EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) models, handling various aspects from design and procurement to construction and project handover.

In addition to civil infrastructure, Mayasheel Ventures also undertakes electrical works such as the construction of power houses, installation of street lighting, and development of transmission lines. The company holds a "Class A" government contractor license from the Uttar Pradesh Public Works Department (U.P. PWD), enabling them to bid on and execute large-scale, complex infrastructure projects with compliance to regulatory standards. As of March 31, 2025, the company reported a robust order book of ₹201.6 crore (as per some sources, other sources state ₹345.19 crore).

Key Strengths of the Mayasheel Ventures Limited:

• Experienced Management Team: The company boasts a qualified and experienced management team in the construction and civil engineering sectors.

• Quality Assurance: Mayasheel Ventures emphasizes product quality and adherence to client standards, with structured quality assurance processes.

• Strong Order Book: A significant order book in road, highway, and bridge construction provides revenue visibility.

• Project Management and Execution Capabilities: The company has demonstrated strong capabilities in project management and execution, supported by its engineering and design team.

• Certifications: It holds ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), and ISO 45001:2018 (Occupational Health and Safety Management System) certifications.

• Consistent Financial Growth: The company has shown consistent growth in revenue and profitability in recent financial years.

Mayasheel Ventures's IPO insights:

• IPO Dates: The IPO opened on June 20, 2025, and will close on June 24, 2025.

• Listing Date (Tentative): The shares are expected to be listed on NSE SME on June 27, 2025.

• Issue Price Band: The price band for the IPO is set at ₹44 to ₹47 per equity share. The face value of each equity share is ₹10.

• Issue Size: The total issue size is ₹27.28 crores, consisting entirely of a fresh issue of 58.05 lakh shares.

• Net Issue to Public: After reserving shares for the market maker, 55.14 lakh shares, aggregating to ₹25.92 crores, will be offered to the public.

• Minimum Lot Size: The minimum lot size for an application is 3,000 shares.

• Minimum Retail Investment: Retail investors need to invest a minimum of ₹1,41,000 (at the cap price of ₹47 per share).

• HNI Minimum Investment: High Net Worth Individuals (HNIs) can apply for a minimum of 2 lots (6,000 shares) amounting to ₹2,82,000.

• Issue Type: This is a Book Building Issue.

• Listing Platform: The shares will be listed on NSE SME.

IPO Timeline (Tentative):

• IPO Open Date: June 20, 2025

• IPO Close Date: June 24, 2025

• Basis of Allotment Finalization: June 25, 2025

• Initiation of Refunds: June 26, 2025

• Credit of Shares to Demat Account: June 26, 2025

• Listing Date: June 27, 2025

• Cut-off time for UPI mandate confirmation: 5 PM on June 24, 2025

Financial Performance (as of March 31, 2025):

• Revenue from Operations: The company's revenue increased significantly to ₹172.05 crore in FY25, a 31.19% increase from ₹131.14 crore in FY24.

• Profit After Tax (PAT): PAT also saw a substantial rise, growing by 74.03% to ₹11.33 crore in FY25, compared to ₹6.51 crore in FY24.

• Total Assets: Total assets grew from ₹79.03 crore in FY23 to ₹99.10 crore as of March 2025.

• Net Worth: The company's net worth stood at ₹28.84 crore in FY25, indicating strengthening financial fundamentals.

• Reserves and Surplus: Recorded at ₹12.59 crore in March 2025, showing prudent financial management.

• Market Capitalization: At the upper price band, the market capitalization of Mayasheel Ventures is ₹103.64 crore.

• Key Performance Indicators (FY25):

  • ROE (Return on Equity): 42.83%

  • ROCE (Return on Capital Employed): 28.62%

  • Debt/Equity Ratio: 1.60

  • PAT Margin: 6.63%

  • EBITDA Margin: 15.01%

  • P/E Ratio (Pre-IPO): 6.74

  • EPS (Pre-IPO): ₹6.98

Objectives of the Issue: The net proceeds from the IPO are intended to be utilized for:

• Funding capital expenditure requirements for the purchase of equipment/machinery.

• Meeting the working capital requirements of the company.

• General corporate purposes.

Grey Market Premium (GMP): As of June 20, 2025, the Grey Market Premium (GMP) for Mayasheel Ventures IPO is reported to be around ₹5 to ₹6 per share. This suggests an estimated listing price of ₹53 (₹47 + ₹6), indicating a potential listing gain of approximately 12.76%. However, GMP is subject to market fluctuations and sentiment.

Promoters: The promoters of Mayasheel Ventures Limited are Mr. Amit Garg, Ms. Meenu Garg, and Mr. Prabhat Rajpoot. The promoter holding will dilute from 91.97% pre-issue to 67.76% post-issue.

Registrar and Lead Manager:

• Registrar: Maashitla Securities Private Limited

• Book Running Lead Manager: Narnolia Financial Services Limited

Disclaimer: This information is based on publicly available data and is for informational purposes only. Investors are advised to conduct their own due diligence and consult with a financial advisor before making any investment decisions.