Mayasheel Ventures Limited, a diversified company engaged in the trading of fruits, vegetables, and general merchandise, has opened its Initial Public Offering (IPO) for subscription starting today, June 20, 2025. The IPO will remain open until June 24, 2025, with allotment expected by June 25, 2025, and listing scheduled tentatively for June 27, 2025, on the NSE SME platform.

The company plans to raise ₹6.49 crore via a fresh issue, with no offer-for-sale component.

IPO Details

• IPO Type: Book Built Issue (Fresh issue only)

• Total Issue Size: ₹6.49 crore

• Price per Share: ₹130

• Lot Size: 1,000 shares

• Minimum Investment: ₹1,30,000 (for retail investors)

• Issue Open Dates: June 20 to June 24, 2025

• Listing Platform: NSE SME

The IPO is being managed by Gyr Capital Advisors Pvt. Ltd. as the lead manager and Bigshare Services Pvt. Ltd. as the registrar. Rikhav Securities Ltd. is acting as the market maker for this issue.

About Mayasheel Ventures Limited

Mayasheel Ventures Limited operates in the agri-trade and wholesale distribution sector, focusing on:

• Trading of fresh fruits and vegetables

• Distribution of dry goods, grains, and grocery items

• Sourcing and supplying from farmers and mandis to retailers and bulk buyers

The company claims to operate on a B2B model, sourcing directly from growers and supplying to traders and wholesalers across northern India. Its warehousing and logistics partnerships are said to play a vital role in timely distribution and quality maintenance.

With India’s rising demand for organised agri-supply chain, the company aims to scale up its reach, streamline sourcing, and strengthen cold chain infrastructure.

Financial Performance

As per the company’s Red Herring Prospectus (RHP), Mayasheel Ventures has recorded the following financial metrics:

• Revenue (FY24): ₹11.2 crore

• PAT (FY24): ₹83.4 lakh

• EBITDA (FY24): ₹1.2 crore

• ROE: 15.1%

• ROCE: 14.5%

While the revenue base remains modest, the company has shown steady growth and positive margins, making it attractive for risk-moderate SME investors.

Objectives of the Issue

The net proceeds from the IPO will be utilized for:

• Working capital requirements

• Business expansion and operational scaling

• General corporate expenses

This includes potential investments in warehousing partnerships, procurement efficiencies, and regional distribution expansion.

Market Sentiment and GMP

As of Day 1 of the IPO, no significant Grey Market Premium (GMP) is being reported for Mayasheel Ventures. Analysts believe that the listing gains may remain subdued, depending on overall subscription response and secondary market trends.

However, if the company meets its expansion goals and maintains profitability, long-term value creation may be possible, especially in the organised agriculture and supply chain space, which is receiving increasing policy attention.

Analyst View

Experts tracking SME IPOs mention that Mayasheel Ventures has a focused business model, and its entry into the public market is timed with rising demand for efficient agricultural distribution systems.

Key observations:

• Low issue size may attract quick subscription fill-up

• Fair pricing, but listing gains may be limited unless sentiment improves

• More suitable for long-term investors who believe in agri-retail sector evolution

Conclusion

Mayasheel Ventures IPO offers an opportunity to invest in a small-cap company aiming to digitise and scale India’s traditional fruit and grocery trade networks. With a modest ₹6.49 crore issue size, low minimum investment barrier, and sectoral relevance, the issue could garner interest from retail investors, provided the market sentiment remains supportive.

Recommendation: Apply with caution. Suitable for long-term investors with appetite for SME risk.

Disclaimer:
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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