Here’s a comprehensive overview of the Mayasheel Ventures Limited IPO, compiled from credible sources:
Mayasheel Ventures Limited IPO Dates
- Open Date: June 20, 2025
- Close Date: June 24, 2025
- Basis of Allotment: June 25, 2025
- Refund Initiation: June 26, 2025
- Share Credit to Demat Accounts: June 26, 2025
- Listing Date on NSE EMERGE: June 27, 2025
IPO Details
| Item | Details |
|---|---|
| Issue Type | Book-Built SME IPO on NSE EMERGE |
| Issue Size | 5,805,000 equity shares (₹10 face value) |
| Net Issue to Public | 5,514,000 shares (~25.01% post-issue equity) |
| Market Maker Reserved | 291,000 shares (~1.32%) |
| Price Band | ₹44–₹47 per share (4.5x–4.7x face value) |
| Lot Size | 3,000 shares |
| Issue Period | June 20–June 24, 2025 |
| Allotment Date | June 25, 2025 |
| Listing Exchange | NSE EMERGE (SME segment) |
Promoters of Mayasheel Ventures Limited
Here are the promoters of Mayasheel Ventures Limited, along with their details sourced from regulatory filings and MCA records:
| Name | Role | DIN | Incorporation Date | Notes |
|---|---|---|---|---|
| Amit Garg | Managing Director & Promoter | 07883287 | May 30, 2024 | Founder; also directs related entities like Mayasheel Construction Pvt LtdAdditional Board Members (Non-Promoter Directors / KMP) Umesh Bansal – Director |
| Meenu Garg | Director & Promoter | 08147379 | May 30, 2024 | Co-director alongside Amit; shares governance responsibilities |
| Prabhat Rajpoot | Director & Promoter | 07867386 | May 30, 2024 | Senior promoter-director at incorporation |
| Anil Kumar Garg | Whole-Time Director & Promoter | 10684526 | June 28, 2024 | Part of the founding promoter team |
Additional Board Members (Non-Promoter Directors / KMP)
- Umesh Bansal – Director
- Rajpal Singh – Director
- Mahendra Kumar Sharma – Chief Financial Officer (CFO)
- Neelam Rani – Company Secretary (CS)
Summary
- Promoter Group: The company was established in May–June 2024 by a founding team comprising Amit Garg, Meenu Garg, Prabhat Rajpoot, and Anil Kumar Garg.
- Leadership Roles: Amit Garg leads as Managing Director, with each promoter also holding executive or oversight roles on the board.
- Promoter Shareholding: According to Equentis, pre‑IPO, Amit holds ~55.4%, Meenu ~26.8%, and Prabhat ~9.2% of share capital.
GMP of Mayasheel Ventures Limited IPO
As of June 14, 2025, the Grey Market Premium (GMP) for the Mayasheel Ventures Limited IPO is currently ₹ 0, indicating that there’s no unofficial premium or discount being assigned at this time
Mayasheel Ventures Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3000 | ₹1,41,000 |
| Retail (Maximum) | 1 | 3000 | ₹1,41,000 |
| HNI (Minimum) | 2 | 6,000 | ₹2,82,000 |
Notes
- Investors must apply for at least one lot of 3,000 shares, and applications are accepted in multiples of 3,000 thereafter.
- At the floor price (₹44), the minimum investment is ₹132,000. At the cap price (₹47), it becomes ₹141,000.
- The lot size is consistent across multiple IPO platforms like Moneycontrol, Business Standard, and Value Research.
Mayasheel Ventures Limited IPO Promoter Holding
| Share Holding Pre Issue | 91.97% |
| Share Holding Post Issue | 67.76% |
About Mayasheel Ventures Limited
Mayasheel Ventures Limited is a public limited company, incorporated on May 30, 2024 (CIN: U42101UP2024PLC203681), and headquartered in Ghaziabad, Uttar Pradesh .
Specializes in infrastructure and civil construction—including highways, bridges, electrical works, and other general civil projects.
Took on projects under EPC and BOQ contracts, executing approximately ₹186 crore in projects in 2023 and maintaining a robust order book of ~₹347 crore by mid-2024.
Corporate Profile
- Authorized Capital: ₹25 crore
- Paid-up Capital: ~₹15–16.25 crore
- Legal Status: Active public limited company with LEI issued on July 12, 2024
Products & Services Portfolio
| Category | Description |
|---|---|
| Road Construction | Development of national & state highways, rural roads, and urban road networks |
| Bridge Construction | Construction of small to mid-sized bridges under EPC/BOQ projects |
| Government EPC Works | Projects executed for public sector under Engineering, Procurement, and Construction (EPC) model |
| Electrical Infrastructure | Installation of electric poles, cables, and power distribution networks |
| Drainage & Sewer Works | Construction of drains, stormwater channels, and sanitation infrastructure |
| Building Construction | Small-scale government building projects (schools, admin blocks, etc.) |
Types of Contracts
- EPC (Engineering, Procurement, and Construction)
Full turnkey solutions including design, materials procurement, and execution.
- BOQ (Bill of Quantity) Based Works
Item-rate contracts based on fixed government rates per quantity.
Mayasheel Ventures Limited Financial Information
Here is the financial summary of Mayasheel Ventures Limited for key periods, based on restated financials provided in the DRHP and other filings:
| Financials | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Revenue | ₹130.32 Crore | ₹154.80 Crore | ₹154.80 Crore |
| EBITDA | ₹17.30 Crore | ₹31.08 Crore | ₹31.08 Crore |
| EBITDA Margin | — | — | ₹20.08% |
| Profit After Tax (PAT) | ₹6.51 Crore | ₹6.51 Crore | ₹16.68 Crore |
| PAT Margin | — | — | 10.78% |
| Total Assets | ₹79.03 Crore | ₹92.56 Crore | ₹99.74 Crore |
| Net Worth | ₹18.06 Crore | ₹24.09 Crore | ₹16.91 Crore |
| Total Debt | ₹33.23 Crore | ₹35.04 Crore | ₹47.04 Crore |
Key Takeaways
- Revenue Growth: From ₹130.3 Cr to ₹154.8 Cr, showing steady growth.
- Strong Margins: EBITDA margin at ~20%, and PAT margin ~10.8%—indicating operational efficiency.
- Profit Jump: PAT surged to ₹16.68 Cr annualised by June 2024.
- Asset Growth: Total assets rose to ₹99.7 Cr, with a net worth around ₹24 Cr last fiscal.
- Debt Uptick: Total borrowings increased to ₹47 Cr, aligning with capital expenditure expansion plans.
Key Performance Indicator (KPI)
| KPI | 2023 | 2024 | As of June 30, 2024 |
|---|---|---|---|
| Earnings Per Share (EPS) | ₹2.07 | ₹4.34 | ₹0.93 |
| Return on Equity (ROE) | 36.04% | 26.98% | 7.23% |
| Return on Capital Employed (ROCE) | 40.37% | 30.62% | 7.54% |
| Return on Assets (ROA) | 9.34% | 7.03% | 1.57% |
| Net Asset Value (NAV) per share | ₹8.34 | ₹13.19 | ₹16.91 |
| Debt-to-Equity Ratio | 1.84× | 1.45× | 2.78× |
Insights
- EPS Growth: Doubled from FY23 to FY24, showing strong profit growth.
- ROE & ROCE: Slight decline due to increased equity base and asset expansion, but still healthy.
- D/E Ratio: Increased in the latest quarter (2.78×) as the company may have taken on additional debt for project execution or equipment.
Strengths of Mayasheel Ventures Limited IPO
1) Strong Financial Performance & Margins
- Mayasheel reported standalone revenues of ₹154–171 Cr and PAT of ₹6.5–11.3 Cr. It maintains healthy EBITDA margins (~12–15%) and strong PAT margins (~10%) in the current financial year.
2) Robust Order Book & EPC Expertise
- With approximately ₹201–347 Cr in live orders by mid-2024, the company’s Class A contractor credentials underscore its ability to win and execute large EPC and BOQ contracts.
3) Reduced Leverage & Improved Capital Efficiency
- Debt-to-equity ratio has declined from ~2.22×/1.75× to ~1.6× as of FY 2025, signaling better financial health and scalability.
4) Growth Enabler via IPO Proceeds
- IPO funds are earmarked for working capital, equipment acquisition, and more, positioning the company for expansion, operational control, and reduced external dependence.
Risks of Mayasheel Ventures Limited IPO
1) SME Listing Risks
- SME stocks on NSE Emerge are subject to lower regulatory scrutiny and limited disclosures compared to mainboard IPOs. These listings are often illiquid and volatile.
2) Limited Liquidity & Lot Restrictions
- SME IPOs involve large minimum lot sizes (₹1.3–1.4 L for Mayasheel), and shares trade in lots post-listing. Liquidity may be scarce outside initial listing days.
3) Market Volatility & Pump‑and‑Dump Risks
- SME stocks may see sharp initial gains due to early speculative buying, but can crash as quickly due to market-maker driven trades or insider dumping.
4) Concentrated Promoter Ownership
- Mayasheel’s promoters hold ~75% pre-IPO, which ensures control but limits public float and increases susceptibility to insider-driven stock movements.
Verdict
- Strengths: Mayasheel brings solid financials, contract execution capability, and an IPO that funds growth.
- Risks: Liquidity constraints, SME-specific volatility, high promoter control, and execution risk persist.
- Tip for Investors: Only eligible if comfortable with SME-level risk, have insight into civil infrastructure, and seek portfolio diversification with caution.
Mayasheel Ventures Limited Contact Details
📍 Registered Office & Address
Mayasheel Ventures Limited
IIIrd B‑2, Flat No. 8, IInd, Nehru Nagar,
Ghaziabad, Uttar Pradesh – 201001, India
📞 Phone
- Main Contact Line: +91‑120‑4265140
📧 Email Addresses
- General Inquiries: contact@mayasheelventures.com
- Company Secretary: cs@mayasheelventures.com
- Additional Contact: mayasheelventureslimited@gmail.com
🌐 Website
- Corporate Portal & Investor Section: www.mayasheelventures.com
Summary
| Contact Type | Details |
|---|---|
| Address | IIIrd B‑2, Flat No. 8, IInd, Nehru Nagar, Ghaziabad |
| Phone | +91‑120‑4265140 |
| Emails | contact@…, cs@…, mayasheelventureslimited@gmail.com |
| Website | www.mayasheelventures.com |
Mayasheel Ventures Limited IPO Registrar
Here are the Registrar details for the Mayasheel Ventures Limited IPO:
📋 Registrar to the Issue
Maashitla Securities Private Limited
- Address:
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura,
Delhi – 110034, India - Phone: +91‑11‑45121795 / 45121796
- Email: cs@mayasheelventures.com
Maashitla Securities Private Limited will be responsible for processing IPO applications, managing allotments, and handling refunds for Mayasheel Ventures Limited.
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