Mayasheel Ventures Limited, a civil construction and electrical infrastructure company, is all set to launch its Initial Public Offering (IPO) on the NSE SME platform. The IPO opens on June 20, 2025, and will close on June 24, 2025, with listing expected on Friday, June 27, 2025.

IPO Details: Entirely a Fresh Issue

The IPO consists of a fresh issue of 58.05 lakh equity shares. The price band and lot size for the IPO are yet to be announced. The issue is structured as a bookbuilding IPO, and the listing will take place on NSE SME.

The face value of each equity share is ₹10, and the total issue size in rupee terms will be disclosed once the price band is announced. The market maker for the issue is Prabhat Financial Services Ltd, while the book-running lead manager is Narnolia Financial Services Ltd. Maashitla Securities Pvt Ltd is the registrar to the issue.

IPO Timeline (Tentative Schedule):

Reservation Split

The total number of shares offered through the IPO is 74,55,000, including anchor and market maker portions:

• Anchor Investors: 16,50,000 shares (22.13%)

• Market Maker: 2,91,000 shares (3.90%)

• Qualified Institutional Buyers (QIB): 11,04,000 shares (14.81%)

• Non-Institutional Investors (NII/HNI): 8,28,000 shares (11.11%)

• Retail Investors (RII): 19,32,000 shares (25.92%)

Promoters and Shareholding

The promoters of Mayasheel Ventures Limited are:

• Mr. Amit Garg

• Ms. Meenu Garg

• Mr. Prabhat Rajpoot

The promoter shareholding pre-IPO stands at 91.97%, which will be diluted to 67.76% post-IPO, reflecting a 24.21% equity dilution.

Company Overview

Incorporated in May 2008, Mayasheel Ventures Limited is a government-focused infrastructure company. It primarily undertakes road construction, highway development, flyovers, and bridge building. The company also handles electrical projects such as powerhouses, transmission lines, and installation of streetlights.

It executes projects under EPC (Engineering, Procurement, Construction) and BOQ (Bill of Quantity) models. The company mainly generates revenue from government tenders, which provides visibility and predictability in order flow.

Business Segments

1. Construction Works

   • Road, Highway, Bridge, and Flyover construction

   • Drainage and sewerage system development

2. Electrical Works

   • Powerhouses, transmission lines

   • Streetlighting and metering solutions

As of March 31, 2025, the company employs 294 full-time staff.

Competitive Strengths

• Experienced management team in infrastructure and civil engineering

• Robust project execution capabilities

• High order book visibility

• Focus on quality and client satisfaction

Financial Performance

The company has shown consistent financial growth, with FY25 seeing a major uptick in revenue and profits.

Revenue Growth (FY24 to FY25): 31%
PAT Growth (FY24 to FY25): 74%

Key Performance Indicators

• ROE (Return on Equity): 42.83%

• ROCE (Return on Capital Employed): 28.62%

• Debt-to-Equity Ratio: 1.60

• RoNW (Return on Net Worth): 42.83%

• PAT Margin: 6.63%

Investment Outlook

The IPO offers a compelling investment opportunity considering the company’s strong financials, high ROE, and solid order book. The government’s continued focus on infrastructure development and roads makes this company’s business model relevant and scalable.

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.

The Upcoming IPOs in this week and coming weeks are Safe Enterprises Retail Fixtures, Globe Civil Projects, Sambhav Steel Tubes, Ellenbarrie Indutrial Gases, Kalpataru, HDB Financials, AJC Jewel, ArisInfra Solutions, Influx Healthtech, Mayasheel Ventures, Eppeltone Engineers.

The Current active IPO are Oswal Pumps, Patil Automation, Samay Projects Services, Aten Papers, Monolithisch India.

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