The IPO listing of Mayasheel Ventures had a strong start. Its shares got listed at ₹58 on the NSE SME platform, which is 23.4% higher than the IPO issue price.
The IPO price band was set between ₹44 and ₹47 per share. This means investors who bought shares during the IPO have earned a profit of around 23.4% on listing day.
Strong Investor Response to IPO
The IPO worth ₹27.28 crore received overwhelming support from investors. It was open for subscription from June 20 to June 24, 2025,
and was subscribed 232.73 times. This shows strong interest from both retail investors and high net-worth individuals (HNIs).
Company Background and Use of Funds
Mayasheel Ventures, established in May 2008, is involved in building roads and highways for government agencies like the National Highways and Infrastructure Development Corporation (NHIDCL).
In its IPO, the company issued 58.05 lakh new shares and raised ₹27.28 crore. There was no offer for sale included in this IPO.
As per the company’s IPO document, the funds will be used to:
Buy equipment and machinery
Meet working capital needs
Cover general corporate expenses