Listed

Mayasheel Ventures Limited IPO

Mayasheel Ventures Limited is a recently incorporated EPC (Engineering, Procurement, and Construction) company, formed in May 2024, and based in Ghaziabad, Uttar Pradesh. It operates as a Class A government-approved contractor, specializing in infrastructure development projects such as highways, expressways, flyovers, bridges, and other public works.

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Min Investment

₹1,41,000

Lot Size

3,000 Shares

Price Range

₹47.0

Issue Size (₹ Cr.)

₹27.28

IPO Type

NSE SME

Key Metrics

Face Value

₹ 10

GMP

₹ 13.0

Subscription

232.73x

EPS

₹ 5.14

P/E Ratio

9.14 x

RoNW

42.83%

ROE

42.83%

Debt to Equity (₹ Cr.)

1.60

Timeline

IPO Opened20/06/2025Friday

IPO Closed24/06/2025Tuesday

Allotted25/06/2025Wednesday

Refunded26/06/2025Thursday

Listed27/06/2025Friday

Strengths

Class A Contractor Status The company holds a “Class A” contractor license, enabling it to bid for large-scale infrastructure projects across India, particularly those floated by government agencies.
Focus on High-Growth Sector Specializing in highways, bridges, and public infrastructure, Mayasheel operates in a sector supported by robust government spending under schemes like Bharatmala and PM Gati Shakti.
Experienced Promoter Group Despite its recent incorporation, the company is led by promoters with prior experience in infrastructure and civil construction, lending operational maturity from day one.
Clear Use of IPO Funds The proceeds from the IPO are earmarked for capital expenditure (equipment), working capital, and general purposes—signaling a clear roadmap for immediate business growth.
Asset-Based Execution Capability By investing in its own construction machinery and tools, the company aims to reduce dependence on leased assets, improving profitability and execution efficiency in the long term.

Weaknesses

Newly Incorporated Entity The company was incorporated in 2024, making it relatively new in the market. Its short operating history may raise concerns about execution experience and financial stability.
Project Concentration Risk The business is currently focused on road and highway construction under government contracts. Any delay or cancellation of these projects can significantly affect revenues.
Heavy Dependence on Government Work A majority of its contracts are sourced from public sector entities. This dependence exposes the company to bureaucratic delays, payment uncertainties, and policy shifts.
Limited Brand Recognition As a newly established company, Mayasheel Ventures lacks a strong market reputation compared to established infrastructure players, which may affect its ability to win large contracts.
Execution Risk from Rapid Expansion Using IPO funds to expand operations quickly may strain management bandwidth and internal controls, especially in complex, large-scale infrastructure projects.