Mayasheel Ventures SME: Check IPO Date, Live Subscription and Key Details
Mayasheel Ventures Ltd is engaged in the business of construction of Roads and Highways - Express Ways, National Highways, Flyovers, Bridges, etc. The company also undertakes Electrical Works, including Electrical Power Houses, Transmission Lines, Streetlights, and Single Phase Electronic energy meters. It is a Class A contractor by Uttar Pradesh Public Works Department (U.P.P.W.D.) and primarily serves government departments like NHIDCL (National Highways and Infrastructure Development Corporation Ltd).
Price Range
₹44.00-47.00
Issue Size
₹27.28 Cr
Lot Size
3,000 shares
IPO Type
NSE SME
GMP
₹13(+27.66%)
Est. Listing Price
₹60
Estimate Profit
₹78,000
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
5.14
P/E Ratio
9.14
RoNW
42.83%
ROE
42.83%
Debt to Equity
1.6
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Timeline
IPO Opens
20 Jun
IPO Closes
24 Jun
Allotment
25 Jun
Listing
27 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 20 June 2025 | Subscription starts |
| IPO Close Date | 24 June 2025 | Subscription ends |
| Allotment Date | 25 June 2025 | Allotment |
| Listing Date | 27 June 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,82,000 |
SHNI (Min) | 3 | ₹4,23,000 |
SHNI (Max) | 7 | ₹9,87,000 |
BHNIAbove ₹10,00,000 | 8 | ₹11,28,000 |
IPO Objectives
- Funding capital expenditure requirements for the purchase of equipment/machineries.
- Funding the Working Capital requirement.
- General Corporate Purposes.
Strengths
- Strong order book for Roads, Highways, and Bridges, indicating future revenue visibility.
- Class A contractor by U.P.P.W.D. which allows participation in large-scale government projects.
- Experienced management team with over 35 years of combined experience in construction and civil engineering.
- Strong project management and execution capabilities, with a focus on timely delivery and quality.
- Vertically integrated operations with owned construction equipment, reducing reliance on subcontractors.
Weaknesses
- Heavy reliance on government contracts (NHIDCL and other government departments) for a significant portion of revenue, making the business vulnerable to policy changes, funding delays, and tender-based competition.
- High customer and geographic concentration, with a large percentage of revenue from a few states in Northern India.
- Presence of outstanding legal proceedings, which could adversely impact the business and financial condition if adverse decisions are made.
- Certain loans and borrowings, and a majority of assets, have not yet been formally transferred or mutated under the company's current name, potentially leading to legal and administrative delays.
- Operations are subject to monsoon season and other environmental factors, which can cause delays and increased costs.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 99.1 | 92.56 | 79.03 |
| Revenue (₹ Cr.) | 172.05 | 131.14 | 127.1 |
| PAT (₹ Cr.) | 11.33 | 6.51 | 4.75 |
| Net Worth (₹ Cr.) | 28.84 | 24.09 | 18.06 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Mayasheel Ventures | 2.65 | 9.14 | 42.83% | 28.84 |
| Rachana Infrastructure Limited | 0.77 | 18.37 | 4.19% | 93.81 |
| Avp Infracon Limited | 3.69 | 14.06 | 26.24% | 96.46 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 7x | 7x | 98.14x |
| NII | 0.5x | 1.73x | 715.75x |
| RII | 1.34x | 5.9x | 99.87x |
| Total | 2.78x | 5.32x | 231.35x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 11,04,000 | 10,83,42,000 | 509.21 |
| NII | 8,28,000 | 59,26,44,000 | 2,785.43 |
| RII | 19,32,000 | 19,29,48,000 | 906.86 |
| Total | 38,64,000 | 89,39,34,000 | 4,201.49 |
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Company Details
- Mayasheel Ventures Limited
- IIIrd B-2, Flat No.8, IInd, Nehru Nagar, Ghaziabad, Uttar Pradesh-201001, India
- 0120-4265140
- cs@mayasheelventures.com
- https://www.mayasheelventures.com/
Registrar Details
- Maashitla Securities Private Limited
- +91-11-45121795-96
- ipo@maashitla.com
- https://maashitla.com/allotment-status/public-issues
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