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The Rs 27.28 crore IPO, entirely a fresh issue of 58.05 lakh shares, was offered at a fixed price of Rs 47 per share.
The IPO, which opened for subscription between June 20 and June 24, saw active participation from investors across categories, including anchor investors who were allocated 16.50 lakh shares worth Rs 7.76 crore.
Business Snapshot
Incorporated in 2008, Mayasheel Ventures Limited is a government contractor specialising in road and highway construction, including expressways, flyovers, drainage systems, and electrical works such as transmission lines and streetlight installations. The company operates on an EPC and BOQ model and primarily works with government departments like NHIDCL.
Its strength lies in execution capabilities and a qualified engineering team, with 294 employees as of March 31, 2025. The company maintains a healthy order book in roads, highways, and bridge segments.
Financial Performance
For FY25, Mayasheel Ventures reported Rs 172.05 crore in revenue, up from Rs 131.14 crore in FY24, marking a 31%growth. Profit after tax rose sharply by 74% from Rs 6.51 crore to Rs 11.33 crore.With a pre-listing GMP of Rs 13 and solid financial growth, the market expects Mayasheel Ventures to open at a premium.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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