Mayasheel Ventures made a strong debut on the NSE SME platform with its shares listed at ₹58, 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 earned a profit of about 23.4% on the listing day.
High Investor Demand for IPO
The IPO, worth ₹27.28 crore, was open for subscription from June 20 to June 24, 2025. It received a huge response
and was subscribed 232.73 times, showing strong interest from both retail investors and high net-worth individuals (HNIs).
Company Profile and Fund Utilization
Founded in May 2008, Mayasheel Ventures works on road and highway construction projects for government agencies such as the National Highways and Infrastructure Development Corporation (NHIDCL).
Through the IPO, the company issued 58.05 lakh fresh shares and raised ₹27.28 crore. There was no offer for sale in this IPO. According to the company’s IPO documents, the funds raised will be used for:
Purchasing equipment and machinery
Meeting working capital requirements
General corporate expenses
