Mayasheel Ventures Limited, a construction and infrastructure company focusing on road and highway development, delivered a strong stock market debut, listing at ₹58 per share on the National Stock Exchange (NSE), marking a 23.4% premium over its IPO issue price of ₹47.

This performance comes after an overwhelming response from investors, where the IPO was subscribed an impressive 232.73 times, one of the highest in recent SME IPO history.

IPO Performance Overview

The public issue of Mayasheel Ventures, which was open for subscription from June 20 to June 24, 2025, was priced in a band of ₹44–₹47 per share, and aimed to raise ₹27.28 crore through the issuance of 58.05 lakh equity shares.

The final issue price was fixed at the upper band of ₹47, reflecting investor confidence. The strong demand translated into a listing price of ₹58, offering investors a listing gain of 23.4%.

Market Capitalisation Post Listing

With the successful listing, Mayasheel Ventures now holds a market capitalization of ₹127.89 crore. This valuation signals a positive outlook from market participants, especially considering the company’s niche role as a contractor for government-led infrastructure projects.

About Mayasheel Ventures Limited

Founded in May 2008, Mayasheel Ventures Limited has positioned itself as a trusted contractor for prestigious infrastructure agencies, including:

• NHIDCL (National Highways and Infrastructure Development Corporation)

• Other government departments

The company primarily undertakes construction of national and state highways, a segment that is expected to benefit from India's ongoing push for infrastructure development. Mayasheel’s work includes:

• Road construction and widening

• Highway maintenance and upgrades

• Public infrastructure development under government contracts

Their track record of successfully executing time-bound and budget-conscious projects underlines their competence and credibility in the industry.

IPO Structure and Objectives

The IPO consisted of a fresh issue of 58.05 lakh equity shares, all priced at the upper band of ₹47 per share, raising a total of ₹27.28 crore. The proceeds from the IPO are expected to be utilized for:

• Working capital requirements

• Equipment purchase for infrastructure execution

• Project mobilization

• General corporate purposes

The capital infusion is expected to boost project execution efficiency and expand the company’s operational scale.

Investor Sentiment and Oversubscription

One of the most notable highlights of this IPO was the extraordinary oversubscription rate:

• The IPO was subscribed 232.73 times during the 5-day bidding period.

• Such a massive response indicates strong retail and institutional interest, especially for companies operating in the government-backed infrastructure space.

This clearly reflects investor optimism not only in the company’s business model but also in the infrastructure growth story of India.

Listing Day Performance – What It Signals

The listing at ₹58, against the IPO price of ₹47, represents a 23.4% premium. Such a premium showcases investor belief in the long-term prospects of the company, considering:

• Consistent revenue visibility through government contracts

• Sector tailwinds from rising infrastructure expenditure

• A strong project pipeline that could accelerate top-line and bottom-line growth

Even with broader market fluctuations, the listing indicates positive risk appetite among SME IPO investors.

Post-Listing Valuation Metrics

Post listing, the market capitalization stands at ₹127.89 crore, which aligns well with the company’s projected revenues and order book potential. This valuation suggests fair pricing and room for growth, provided the company maintains execution discipline and wins future contracts.

Final Thoughts – Should Investors Stay Invested?

The success of the Mayasheel Ventures IPO and its positive debut on NSE serves as a testament to the growing interest in India’s infrastructure growth and the robust demand for quality SME stocks.

Investors who received allotments may consider holding for medium to long-term, as the company continues to benefit from government infrastructure initiatives.

However, new entrants looking to buy post-listing should assess valuation comfort, upcoming quarterly results, and project execution updates before investing.

The Upcoming IPOs in this week and coming weeks are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions.

The Current active IPO are Neetu Yoshi, Adcounty Media India, Moving Media Entertainment, Valencia India, PRO FX Tech, Ace Alpha Tech, Indogulf Cropsciences, Suntech Infra Solutions, Rama Telecom, Supertech EV, Sambhav Steel Tubes, HDB Financials.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.