Mayasheel Ventures list at ₹58 on NSE SME with 23% premium from IPO price, delivering strong investor returns

The infrastructure construction specialist, Mayasheel Ventures Limited, made a strong debut on the National Stock Exchange SME platform on June 27, 2025. After closing its IPO bidding between June 20 - June 24, 2025, the company commenced trading with a solid 23.40% premium to its issue price, delivering impressive returns to investors despite challenging market conditions for infrastructure companies. This book-building IPO raised ₹27.28 crore with an outstanding subscription of 232.73 times, reflecting exceptional investor confidence.

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Mayasheel Ventures IPO Listing Details

Mayasheel Ventures Limited launched its IPO through the book-building process with shares priced at ₹47 per share. The minimum investment required was 3,000 shares costing ₹1,41,000 at the cutoff price. The IPO received an extraordinary response with an overall subscription of 232.73 times - NII segment leading at a remarkable 715.75 times, retail at 102.63 times, and QIB at 98.14 times by the final day of bidding, demonstrating strong investor enthusiasm across all categories. Mayasheel Ventures' share price is listed at ₹58 on NSE SME, delivering a solid 23.40% premium from the issue price of ₹47. The stock's debut performance reflected positive market sentiment.

Listing Price: The Mayasheel Ventures share price opened at ₹58 on NSE SME on June 27, 2025, representing a premium of 23.40% from the issue price of ₹47, delivering strong gains for investors at listing and validating market confidence in the infrastructure construction specialist.

First-Day Trading Performance Outlook

Mayasheel Ventures IPO commenced trading on the NSE SME platform on June 27, 2025, witnessing a robust stock market debut that exceeded market expectations. The Mayasheel Ventures share price opened at ₹58, marking a substantial 23.40% premium from its IPO price of ₹47, reflecting strong investor appetite for infrastructure construction companies with a government contract focus. The company entered the market with established operations in road and highway construction, primarily serving NHIDCL and other government departments through EPC and BOQ-based projects, complemented by electrical works including power houses, transmission lines, and streetlight installations across diverse infrastructure segments.

Utilisation of IPO Proceeds

Mayasheel Ventures plans to utilise the ₹27.28 crore raised from the fresh issue primarily for equipment enhancement and working capital strengthening to support infrastructure project execution capabilities.

• Equipment and Machinery: ₹4.0 crore allocated for funding capital expenditure requirements for the purchase of equipment and machinery to enhance construction capabilities and operational efficiency
• Working Capital Requirements: ₹14.0 crore designated for funding working capital requirements to support project execution, contract management, and business operations across infrastructure construction activities
• General Corporate Purposes: Remaining funds allocated for general corporate purposes to support strategic initiatives, business development, and operational requirements for infrastructure project expansion

Financial Performance of Mayasheel Ventures IPO

Mayasheel Ventures has demonstrated strong financial performance with robust growth across key metrics and impressive profitability improvements:

• Revenue: ₹172.05 crore for FY25, showing excellent growth trajectory with 31% increase from ₹131.14 crore in FY24 and 35% growth from ₹127.10 crore in FY23, reflecting expanding project portfolio and market penetration
• Net Profit: ₹11.33 crore in FY25, demonstrating exceptional profitability with 74% growth from ₹6.51 crore in FY24 and 138% growth from ₹4.75 crore in FY23, showcasing significant operational efficiency improvements and margin expansion
• Financial Metrics: The company exhibits excellent ROE of 42.83%, strong ROCE of 28.62%, with a moderate debt-to-equity ratio of 1.60, a healthy PAT margin of 6.63%, and an EBITDA margin of 15.01%, indicating strong operational performance despite a leveraged structure

Mayasheel Ventures represents a compelling investment opportunity in the infrastructure construction sector with its government-focused business model, diversified project portfolio, and exceptional financial performance delivering strong listing gains. Whilst the company faces challenges including sustainability concerns over recent profit improvements and competitive market dynamics, its established EPC capabilities and positioning in India's expanding infrastructure development initiatives provide significant potential for capitalising on government spending on roads, highways, and electrical infrastructure projects. The impressive listing performance, with a 23.40% premium and an extraordinary subscription of 232.73 times, reflects strong investor confidence in the company's business model and growth prospects within the infrastructure construction landscape.