Mayasheel Ventures IPO Opens Today—Infra Specialist Targets ₹27.28 Cr for Expansion Drive

Image Source: ANI News

Mayasheel Ventures Ltd, a governmentfocused infrastructure company, has launched its ₹27.28 crore Initial Public Offering (IPO) today, June 20, 2025. The issue is a 100% fresh offering of 55.14 lakh equity shares, with a price band of ₹44–₹47 per share. The IPO will remain open until June 24, with listing scheduled on the NSE SME platform on June 27.

Key Highlights:

Lot Size & Investment: Minimum bid is 3,000 shares, requiring an investment of ₹1,32,000–₹1,41,000, depending on the final price.
Anchor Interest: The company raised ₹7.76 crore from anchor investors on June 19, allocating 16.5 lakh shares ahead of the public offer.
Use of Proceeds: Funds will be used for capital expenditure (₹4 crore), working capital (₹14 crore), and general corporate purposes.
Business Profile: Incorporated in 2008, Mayasheel specializes in road, highway, bridge, and flyover construction, along with electrical infrastructure projects. It primarily executes government contracts, including from NHIDCL.
Financials: FY25 revenue stood at ₹172.05 crore, up 31% YoY, while net profit surged 74% to ₹11.33 crore. The company boasts a 42.83% ROE and a postissue P/E of 9.14.
Lead Managers: Narnolia Financial Services is the bookrunning lead manager, with Maashitla Securities as registrar.

With a robust order book and strong execution track record, Mayasheel Ventures is positioning itself as a rising player in India’s infrastructure growth story.

Sources: Economic Times, GoodReturns, Business Standard