Mayasheel Ventures IPO - Day 3 Subscription at 232.73 Times

Mayasheel Ventures' initial public offering (IPO) has demonstrated exceptional investor demand through its three-day subscription period, with Mayasheel Ventures' stock price set at ₹47 per share and Mayasheel Ventures' share price expected to reflect outstanding market reception. The ₹27.28 crore IPO has witnessed remarkable progress, with subscription rates opening at 2.78 times on day one, improving to 5.32 times on day two, and reaching exceptional 232.73 times by 5:09:59 PM on the final day, demonstrating tremendous investor interest in this infrastructure company incorporated in May 2008, constructs roads and highways for NHIDCL and other government departments, engages in constructing, altering, and developing complex projects like expressways, highways, flyovers, and bridges, undertakes projects on EPC Engineering Procurement and Construction and BOQ Bill of Quantity basis, has engaged in electrical works including constructing power houses, installing streetlights, and developing transmission lines, serves government departments mainly generating revenue from tenders.

Mayasheel Ventures IPO non-institutional investors segment leads with phenomenal 715.75 times subscription, while retail investors demonstrate exceptional participation at 102.63 times and qualified institutional buyers show exceptional interest at 98.14 times, reflecting tremendous investor confidence in this company with 294 employees on payroll as of March 2025, operates in construction works including road construction, highways construction, bridges and flyovers construction, road drain and sewerage system construction, and electrical works including electrical power houses, transmission line, streetlights, single phase electronic energy meter, promoters Mr. Amit Garg, Ms. Meenu Garg and Mr. Prabhat Rajpoot holding 91.97% pre-issue and 67.76% post-issue shareholding, raised ₹7.76 crores from anchor investors.

Mayasheel Ventures IPO subscription reached an exceptional 232.73 times on the final day, led by NII (715.75x), Retail (102.63x), and QIB (98.14x). Total applications reached 71,904.

Subscription Status of Mayasheel Ventures IPO:

Here are the subscription details for Mayasheel Ventures IPO as of Day 3 (June 24, 2025, 5:09:59 PM):

Key Highlights - Day 3:

• Overall subscription reaching exceptional 232.73 times, massive surge from day two's 5.32 times
• NII segment leading with phenomenal demand at 715.75 times, extraordinary jump from day two's 1.73 times
• Retail segment showing exceptional participation at 102.63 times, remarkable increase from day two's 5.90 times
• QIB segment demonstrating exceptional interest at 98.14 times, significant improvement from day two's 7.00 times
• Total applications reached 71,904, indicating massive investor participation
• The cumulative bid amount reached ₹4,226.57 crores against issue size of ₹27.28 crores
• Final day demonstrating exceptional confidence in the infrastructure construction sector

Mayasheel Ventures IPO - Day 2 Subscription at 5.32 Times

Key Highlights - Day 2:

• Overall subscription improving to 5.32 times, progress from day one's 2.78 times
• Retail segment showing good improvement at 5.90 times, increase from day one's 1.34 times
• QIB segment maintaining steady interest at 7.00 times, consistent with day one
• NII segment showing modest increase at 1.73 times, improvement from day one's 0.50 times
• Second day demonstrating building confidence in the infrastructure sector
• QIB maintaining consistent interest while retail participation gaining momentum

Mayasheel Ventures IPO - Day 1 Subscription at 2.78 Times

Key Highlights - Day 1:

• Overall subscription opening solid at 2.78 times, showing encouraging initial investor interest
• QIB segment leading with strong early participation at 7.00 times, indicating institutional confidence
• Retail segment showing modest initial interest at 1.34 times on day one
• NII segment showing cautious early approach at 0.50 times

About Mayasheel Ventures IPO

Incorporated in May 2008, Mayasheel Ventures Limited constructs roads and highways for NHIDCL and other government departments. The company engages in constructing, altering, and developing complex projects like expressways, highways, flyovers, and bridges. The company undertakes projects on an EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) basis.

Financial performance shows strong growth with revenue increasing 31% from ₹131.14 crores in FY2024 to ₹172.05 crores in FY2025, while profit after tax surged 74% from ₹6.51 crores to ₹11.33 crores. The company maintains excellent profitability metrics with 42.83% ROE, 28.62% ROCE, operates with moderate debt-to-equity ratio of 1.60, and has market capitalization of ₹103.64 crores. Post-IPO P/E ratio of 9.14x appears reasonable for a growing infrastructure construction company.

Highlights of the Mayasheel Ventures IPO:

• IPO type: Book Building IPO
• IPO size: ₹27.28 crores
• Fresh Issue: 58.05 lakh shares
• Face value: ₹10 per share
• Issue price: ₹47 per share
• Lot size: 3,000 shares
• Minimum investment for retail investors: ₹1,41,000 (1 lot, 3,000 shares)
• Minimum investment for HNI: ₹2,82,000 (2 lots, 6,000 shares)
• Anchor investor allocation: ₹7.76 crores
• Book-running lead manager: Narnolia Financial Services Ltd
• Registrar: Maashitla Securities Private Limited
• Market maker: Prabhat Financial Services Ltd
• Listing at: NSE SME
• IPO opens: June 20, 2025
• IPO closes: June 24, 2025
• Allotment date: June 25, 2025
• Listing date: June 27, 2025