Mayasheel Ventures IPO

Mayasheel Ventures Limited, established in May 2008, specialises in constructing roads and highways for NHIDCL and various government departments. The company handles complex infrastructure projects such as expressways, bridges, highways, and flyovers on EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) models. It also undertakes electrical works, including the construction of power houses, installation of streetlights, and development of transmission lines. Its operations are primarily tender-driven, with revenue generated from government contracts. Key business areas include construction works and electrical works across multiple project types.

Mayasheel Ventures Limited IPO Overview

Mayasheel Ventures IPO is a book-built issue of ₹27.28 crore, comprising a fresh issue of 55.14 lakh equity shares. The IPO opens for public subscription on June 20, 2025, and closes on June 24, 2025. The basis of allotment is likely to be finalised on June 25, with the stock scheduled to list on NSE SME on June 27, 2025. The price band is fixed at ₹44 to ₹47 per share. Retail investors must apply for a minimum of one lot (3,000 shares), requiring an investment of ₹1,32,000, though bidding at the cut-off price (₹1,41,000) is advisable due to potential oversubscription. High-net-worth individuals (HNIs) must apply for at least two lots, totalling ₹2,82,000. Narnolia Financial Services Ltd is the lead book-running manager, Maashitla Securities Private Limited is the registrar, and Prabhat Financial Services Ltd serves as the market maker.

Mayasheel Ventures Limited IPO Details

Particulars	Details
IPO Date	20 June 2025 to 24 June 2025
Listing Date	27 June 2025
Face Value	₹10 per share
Issue Price Band	₹44 to ₹47 per share
Lot Size	3000 Shares
Total Issue Size	58,05,000 shares (aggregating up to ₹27.28 Cr)
Fresh Issue	58,05,000 shares (aggregating up to ₹27.28 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	1,62,45,000 shares
Share Holding Post Issue	2,20,50,000 shares
Market Maker Portion	2,91,000 shares

Mayasheel Ventures Limited IPO Reservation

Mayasheel Ventures IPO offers a total of 58,05,000 shares. The allocation breakdown is as follows:

• Market Maker Shares Offered: 2,91,000 (5.01%)

• QIB Shares Offered: 27,54,000 (47.44%)

• Anchor Investor Shares Offered: 16,50,000 (28.42%)

• QIB (Ex. Anchor): 11,04,000 (19.02%)

• NII (HNI) Shares Offered: 8,28,000 (14.26%)

• Retail Shares Offered: 19,32,000 (33.28%)

• Total Shares Offered: 58,05,000 (100.00%)

Mayasheel Ventures IPO Anchor Investors Details

Mayasheel Ventures IPO raised ₹7.76 crore from anchor investors. The anchor bidding took place on June 19, 2025. Details are as follows:

• Bid Date: June 19, 2025

• Shares Offered to Anchor Investors: 16,50,000

• Anchor Portion Size: ₹7.76 crore

• Anchor Lock-in Period (50% of shares): Ends on July 25, 2025

• Anchor Lock-in Period (Remaining shares): Ends on September 23, 2025

 Mayasheel Ventures Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	3,000	₹1,41,000
Retail (Max)	1	3,000	₹1,41,000
HNI (Min)	2	6,000	₹2,82,000

Mayasheel Ventures Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	91.97%
Post-Issue	67.76%

Mayasheel Ventures Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	5.14
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	42.83%
Net Asset Value (NAV)	16.06
Return on Equity	42.83%
Return on Capital Employed (ROCE)	28.62%
EBITDA Margin	13.28%
PAT Margin	6.63%
Debt to Equity Ratio	1.60

Objectives of the Proceeds

• Funding capital expenditure requirements for the purchase of equipment/machineries, ₹400 lakhs

• Funding the working capital requirement ₹1,400 lakhs

• Meet general corporate expenses

Key Financials (in ₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	99.10	92.56	79.03
Revenue	172.05	131.14	127.10
Profit After Tax	11.33	6.51	4.75
Reserves and Surplus	12.59	–	–
Total Borrowings	34.06	35.05	33.23