IPO Details

Bidding Dates

20 Jun '25 - 24 Jun '25

Minimum Investment

₹1,32,000/ 1 Lot (3,000 Shares)

Price Range

₹44-₹47

Maximum Investment

₹1,41,000/ 1 Lot (3,000 Shares)

Retail Discount

To be announced

Issue Size

₹27.28 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Mayasheel Ventures IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 20, 25

IPO Closing Date

Jun 24, 25

Basis of Allotment

Jun 25, 25

Initiation of Refunds

Jun 26, 25

IPO Listing Date

Jun 27, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jun 19, 2025

7.00 0.50 1.34 2.78

Day 2Jun 22, 2025

7.00 1.73 5.90 5.32

Day 3Jun 23, 2025

98.14 715.75 102.63 232.73

About Mayasheel Ventures IPO

Mayasheel Ventures IPO is a book-built issue worth ₹27.28 crore. The IPO consists entirely of a fresh issue of 58.05 lakh equity shares. The subscription for the IPO opens on June 20, 2025, and closes on June 24, 2025. The basis of allotment is expected to be finalised on June 25, 2025. Mayasheel Ventures is proposed to be listed on the NSE SME platform, with a tentative listing date set for June 27, 2025.

The price band for the IPO is fixed between ₹44 and ₹47 per share. Retail investors must apply for a minimum of one lot, which includes 3,000 shares, translating to a minimum investment of ₹1,32,000. To improve allotment chances in case of oversubscription, bidding at the cutoff price, amounting to ₹1,41,000, is suggested. For HNI investors, the minimum application size is two lots (6,000 shares), requiring an investment of ₹2,82,000.

Narnolia Financial Services Limited is managing the issue as the book-running lead manager, while Maashitla Securities Private Limited is acting as the registrar. Prabhat Financial Services Limited is the designated market maker for the IPO.

Industry Outlook

  1. The Indian roads and highways market, currently valued at USD 152.16 billion in 2024, is projected to reach USD 266.60 billion by 2030, growing at a CAGR of 9.63%. This expanding market offers long-term project opportunities and consistent demand for infrastructure development.
  2. With India’s urban population expected to hit 600 million by 2030, the surge in private and commercial vehicles is pushing the need for multi-lane highways, expressways, and bypass roads. This growth drives demand for construction services, directly aligning with Mayasheel Ventures Limited’s project capabilities in road infrastructure.
  3. National Highways, though just 2% of India’s road length, carry over 40% of total traffic, showing high utilisation. Government initiatives like Bharatmala Pariyojana and the National Infrastructure Pipeline create strong opportunities for infrastructure companies.

Mayasheel Ventures IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The company plans to use the funds to purchase new equipment and machinery, supporting future expansion and operational efficiency.
  2. A portion of the proceeds will be allocated to meet working capital needs, ensuring smooth day-to-day operations and timely project execution.
  3. A portion of the funds will be used for general corporate purposes to support overall business needs.

About Mayasheel Ventures Limited 

Mayasheel Ventures Limited is engaged in the construction of roads and highways for government agencies such as the National Highways and Infrastructure Development Corporation Limited (NHIDCL) and other state departments. The company specialises in high-value and technically complex projects, including national highways, expressways, flyovers, bridges, and road-over bridges.

Recognised as a "Class A" contractor by the Uttar Pradesh Public Works Department (U.P.P.W.D.), the company holds the capability to execute large-scale infrastructure projects. It undertakes both EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) based contracts, managing everything from design and procurement to execution and handover.

Mayasheel Ventures also engages in electrical infrastructure projects such as power houses, transmission lines, and streetlight installation. Although revenue from electrical works has not been recorded in the past 3 years, the company continues to pursue projects in this segment.

Operating primarily on a Business-to-Government (B2G) model, the company has completed over 65 projects. As of March 31, 2025, it holds an order book worth ₹20,160.89 lakh. A notable milestone includes the 14.401 km two-lane road project on NH 129A in Nagaland under NHIDCL.

Founded in 2008 as Mayasheel Construction, the company is ISO certified and known for meeting quality, environmental, and safety standards in infrastructure development.

How To Check the Allotment Status of Mayasheel Ventures IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Mayasheel Ventures IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Mayasheel Ventures IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Mayasheel Ventures IPO 

Registered office: IIIrd B-2, Flat No.8, IInd, Nehru Nagar, Ghaziabad, Uttar Pradesh- 201001, India

Phone:0120-4265140

E-mail:cs@mayasheelventures.com

Mayasheel Ventures IPO Reservation

Investor Category

Shares Offered

Anchor Investor Shares

16,50,000 (22.13%)

Market Maker Shares

2,91,000 (3.90%)

QIB Shares

11,04,000 (14.81%)

NII (HNI) Shares

8,28,000 (11.11%)

Retail Shares

19,32,000 (25.92%)

Total Shares

74,55,000 (100%)

Mayasheel Ventures IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

3,000

₹1,32,000

Retail (Max)

1

3,000

₹1,41,000

HNI (Min)

2

6,000

₹2,82,000

Mayasheel Ventures IPO Promoter Holding

Mr. Amit Garg, Ms. Meenu Garg and Mr. Prabhat Rajpoot are the promoters of the company.

Share Holding Pre-Issue

91.97%

Share Holding Post Issue

67.76%

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Mayasheel Ventures IPO Anchor Investors Details

Particulars

Details

Anchor Investment Date

June 19, 2025

Total Shares Allocated to Anchor Investors

16,50,000

Total Amount Raised from Anchor Investors

₹7.76 crore

Lock-in Period End Date for 50% of Anchor Allotment

July 25, 2025

Lock-in Period End Date for Remaining 50% Shares

September 23, 2025

Key Performance Indicators for Mayasheel Ventures IPO

KPI

Value

ROE (%)

42.83

RoCE (%)

28.62

Price to Book Value

2.65

PAT Margin

6.63

Debt/Equity

1.60

Mayasheel Ventures IPO Prospectus

Mayasheel Ventures IPO Registrar and Lead Managers

Mayasheel Ventures IPO Lead Managers

  • Narnolia Financial Services Limited

Registrar for Mayasheel Ventures IPO

Maashitla Securities Private Limited

Mayasheel Ventures IPO Registrar

Financial Performance of Mayasheel Ventures Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue from Operation (in ₹ lakh) 17,100.81 13,032.34 12,636.63
Profit/ (loss) for the year (in ₹ lakh) 1,133.47 651.35 475.21
Earnings per Share (₹) 7.23 4.34 3.17
Net Worth (in ₹ lakh) 2,883.96 2,409.19 1,806.08
Return on Equity (RoE) (%) 42.83 30.90 29.57
Return on Capital Employed (RoCE) 28.62 20.43 19.35
EBITDA (in ₹ lakh) 2,567.21 1,730.34 1,543.15

Know before investing

Strengths

8
  1. Promoters bring over 35 years of combined construction industry experience.

  2. Holds ISO 9001, 14001, and 45001 certifications for quality standards.

  3. Strong order book worth ₹20,160.19 lakh as on March 2025.

  4. Completed 75 projects totalling ₹82,979.82 lakh with timely delivery.

  5. Focused expansion in states like Assam, Nagaland, and beyond.

  6. Specialises in roads and highways to secure more government projects.

  7. Consistently upgrades technology to reduce costs and boost profitability.

  8. Skilled project team ensures smooth execution and strong client satisfaction.

Risks

8
  1. ₹20,160.19 lakh order book mostly depends on NHIDCL contracts.

  2. Revenue concentration in Assam, Manipur, Nagaland increases regional risk.

  3. Legal proceedings pending may affect business, operations, and financials.

  4. Pending loans in the old firm’s name pose financial uncertainty.

  5. Negative cash flows reported in past years from core activities.

  6. Monsoons and delays may disrupt project timelines and revenue flow.

  7. Delays in machinery orders may increase costs and reduce profits.

  8. Insurance coverage may be insufficient against large-scale business losses.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Mayasheel Ventures IPO Peer Comparison

Company Name EPS (Basic) NAV (per share) (₹) P/E (x) RoNW (%)
Mayasheel Ventures Limited 7.23 17.75 6.74 42.83
Rachana Infrastructure Limited 0.16 50.58 210.94 0.32
Avp Infracon Limited 13.25 50.51 12.32 30.19

Mayasheel Ventures IPO FAQs

What is the Mayasheel Ventures IPO?

Mayasheel Ventures IPO is a book-built issue IPO. It runs from June 20, 2025, to June 24, 2025.

When will the Mayasheel Ventures IPO be allotted?

The Basis of Allotment will happen on Wednesday, June 25, 2025.

When will the Mayasheel Ventures IPO open for subscription?

The IPO subscription window will open on June 20, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 3,000 shares.

When will the Mayasheel Ventures IPO list on exchanges?

The listing date for Mayasheel Ventures IPO is Friday, June 27, 2025.

What is the issue size of the Mayasheel Ventures IPO?

The issue size of the Mayasheel Ventures IPO is up to ₹27.28 crore.

What are the open and close dates of the Mayasheel Ventures IPO?

The open and close dates for Mayasheel Ventures IPO are from June 20, 2025, to June 24, 2025.

What would be the listing gains on the Mayasheel Ventures IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Mayasheel Ventures IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Mayasheel Ventures IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Mayasheel Ventures IPO using one PAN?

You can submit only one application using your PAN card. 

How to read Mayasheel Ventures Limited's financial statements?

To read Mayasheel Ventures Limited’s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for the Mayasheel Ventures IPO?

Pre-apply allows investors to apply for the  Mayasheel Ventures IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Mayasheel Ventures IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Mayasheel Ventures IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Mayasheel Ventures IPO?

Maashitla Securities Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Mayasheel Ventures IPO getting listed?

Mayasheel Ventures IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).