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Mayasheel Ventures share price: Stock makes solid debut at 23% premium; here's how much investors made per lot

Upstox
By Upstox News Desk

3 min read | Updated on June 27, 2025, 12:20 IST

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SUMMARY

Mayasheel Ventures Ltd had launched its initial share sale to raise ₹27.28 crore at a price band of ₹44-₹47 per share. The initial public offer was only a fresh issuance of 58.05 lakh shares with no offer for sale component.

Mayasheel Ventures is infrastructure firm involved in building roads, bridges, highways, flyovers and drainage systems for the government departments. | Image: Representational/Pixabay

Mayasheel Ventures is infrastructure firm involved in building roads, bridges, highways, flyovers and drainage systems for the government departments. | Image: Representational/Pixabay

Mayasheel Ventures share price: Shares of road and highway contractor Mayasheel Ventures made a strong listing on the SME platform of the National Stock Exchange (NSE), Emerge, on Friday, June 27.

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The stock debuted at ₹58, reflecting a premium of 23.4% from the issue price of ₹47. Later into trade, it climbed 5% to ₹60.90, its upper circuit limit.

Mayasheel Ventures share price: Here's how much investors made per lot

A lot consisted of 3,000 shares worth ₹1,41,000. Investors who received Mayasheel Ventures IPO allotment made ₹1,74,000 per lot (58x3000).

Mayasheel Ventures Ltd had launched its initial share sale to raise ₹27.28 crore at a price band of ₹44-₹47 per share. The initial public offer was only a fresh issuance of 58.05 lakh shares with no offer for sale component.

The IPO was subscribed to 232.73 times, with retail individual investors subscribing to their quota 102.63 times, non-institutional investors (NIIs) 715.75 times and qualified institutional buyers, or QIBs, 98.14 times, according to Chittorgarh.

Funds raised to the tune of ₹4 crore will be used to purchase machinery and ₹14 crore for working capital needs. The remaining proceeds will be used for general corporate purposes.

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The book-running lead manager for the IPO was Narnolia Financial Services Ltd, while Maashitla Securities Pvt Ltd was the registrar.

Mayasheel Ventures, incorporated in 2008, is an ISO-certified infrastructure firm involved in building roads, bridges, highways, flyovers and drainage systems for the government departments. It is a 'Class A' government contractor qualified to execute large-scale and complex infrastructure projects.

"In 2023, we completed the construction of a 14.401 km stretch of two-lane road with hard shoulders on NH 129A in Nagaland, using the EPC mode under the authority of NHIDCL (National Highways & Infrastructure Development Corporation Ltd)… Over the year, we have steadily expanded our execution capabilities and successfully completed more than 65 projects. As on March 31, 2025, we have an order book of an aggregate amount of Rs. 20,160.89 lakhs," the company said in its RHP.

The company's revenue from operations climbed 31.19% to ₹172.05 crore in the financial year 2024-25 as against ₹131.14 crore in the year-ago period.

The profit after tax surged 74% to ₹11.33 crore in FY25, compared to ₹6.51 crore in FY24.

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Upstox
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