Mayasheel Ventures IPO Kicks Off: What You Need to Know

Mayasheel Ventures Limited, an infrastructure firm that’s been building roads, bridges, and electrical systems for government projects, has opened its IPO to the public. The offering, worth around ₹27.28 crore, is set to run from June 20 to June 24, with shares priced between ₹44 and ₹47 apiece.

If you’re keeping an eye on SME listings, here’s a quick breakdown of what this IPO brings to the table.

Key Dates and Numbers

• IPO Open: June 20, 2025

• IPO Close: June 24, 2025

• Price Band: ₹44–₹47 per share

• Lot Size: 3,000 shares (investment of around ₹1.32 to ₹1.41 lakh per lot)

The IPO is listed under the NSE SME segment, which typically caters to smaller businesses with solid growth potential.

What Does Mayasheel Ventures Do?

Mayasheel isn’t new to the game. Founded in 2008, the company has been actively working with state and central government departments on infrastructure projects. This includes roads, flyovers, bridges, lighting systems, and electric grid work. It operates mainly on EPC (Engineering, Procurement, and Construction) contracts.

The company has reportedly completed over 65 projects already and has a strong order book of ₹201 crore—a promising sign for future revenues.

Financial Performance That Stands Out

Here’s how Mayasheel has performed financially in the last year:

• FY25 Revenue: ₹172 crore (up from ₹131 crore in FY24)

• Net Profit: ₹11.33 crore (jumped 74% from ₹6.51 crore)

• Profit Margin: 6.63%

• Return on Equity: An impressive 42.8%

• Debt-to-Equity Ratio: 1.6

These numbers show steady and healthy growth, especially for a company in the infrastructure space.

Where Will the IPO Funds Go?

The company plans to use the money raised for:

• Expanding capital assets (~₹4 crore)

• Meeting working capital needs (~₹14 crore)

• General corporate purposes

In short, the funds are meant to support the company’s ongoing projects and help it scale further.

What’s the Buzz in the Market?

One of the big indicators of IPO sentiment is the Grey Market Premium (GMP). Mayasheel’s IPO is currently seeing a GMP of about ₹6, which means its estimated listing price could be around ₹53—roughly 13% higher than the upper end of the issue price.

Although GMPs are unofficial and can change quickly, they do give a rough sense of investor enthusiasm.

Anchor Investment and Listing Schedule

Before the public opening, Mayasheel raised ₹7.76 crore from anchor investors, showing institutional confidence.

Here’s the expected timeline after subscription closes:

• Allotment finalization: June 25

• Refunds and share credits: June 26

• Listing on NSE SME: June 27

The Bigger Picture

Mayasheel Ventures enters the public markets with a track record, growing financials, and a clear focus on government infrastructure. Its dependency on public sector contracts could be a risk if government funding slows, but right now, it’s riding strong momentum in both revenue and profits.