The initial public offering of Mayasheel Ventures Ltd., which was launched on Friday, closed for subscription today. The SME IPO recieved fantastic response from investors as the issue was booked over 230 times on Tuesday. The SME IPO was fully subscribed on Day 1 and was booked over 5 times on Monday.
The company aims to raise over Rs 27 crore from the primary market.
Here's all you need to know about Mayasheel Ventures IPO - including the latest grey market premium, day 3 subscription status, allotment and listing dates, where to check status and more.
Mayasheel Ventures IPO Day 3 Subscription Status
The Mayasheel Ventures IPO was subscribed 232.73 times as of 5:34 p.m. on Tuesday
Qualified Institutional Buyers: 98.14 times
Non-Institutional Investors: 715.75 times
Retail Investors: 102.63 times
Mayasheel Ventures IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the Mayasheel Ventures IPO was Rs 13 as of 5 p.m. on June 24. According to current GMP trends, the IPO is likely to list at Rs 60 per share at a premium of 27.66%.
According to the current GMP trends, the grey market premium for the SME issue has remained constant at Rs 5 since the IPO opened for subscription on June 20
Note: GMP does not represent official data and is based on speculation.
Mayasheel Ventures IPO: All You Need To Know
The Mayasheel Ventures IPO is a book-building issue worth Rs 27.28 crore. The public offer comprises an entirely fresh issue of 55.14 lakh shares.
Mayasheel Ventures' IPO price band has been fixed between Rs 44 and Rs 47 per share.
To participate in the IPO, retail investors need to bid for at least a single lot size of 3,000 shares, aggregating to a minimum investment of Rs 1,41,000.
As per the company's RHP, of the 60,96,000 shares on offer:
11,04,000 (18.11%) are allocated to Qualified Institutional investors.
8,28,000 (13.58%) are allocated to Non-Institutional investors.
19,32,000 (31.69%) are allocated to Retail investors
16,50,000 (27.07%) allocated to Anchor investors.
Narnolia Financial Services Ltd. is the book-running lead manager of the Mayasheel Ventures IPO. Maashitla Securities Pvt. is the registrar, and Prabhat Financial Services Ltd. is the market maker for the issue.
Mayasheel Ventures IPO Allotment And Listing Date
The share allotment status for Mayasheel Ventures IPO is expected to be finalised on June 25. Successful bidders are expected to receive the shares in their Demat accounts on June 26 and refunds for non-allottees will also be initiated on the same day.
Shares of Mayasheel Ventures will list on the NSE SME platform on June 27.
Mayasheel Ventures IPO Allotment: Where To Check Status
Once the IPO allotment is finalised, investors can verify their share allotment status on the websites of NSE and Maashitla Securities Services.
NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Maashitla: https://maashitla.com/allotment-status/public-issues
Mayasheel Ventures Business, Financials And IPO Proceeds
Business
Mayasheel Ventures specialises in engineering work related to building roads, electrical work and civil projects. According to its website, the company has executed various projects in Uttar Pradesh and the northeastern states.
Financials
Mayasheel Ventures saw a 74% year-on-year (YoY) rise in its profit after tax to Rs 11.33 crore in FY25 from Rs 6.51 crore in FY24. Revenue from operations rose 31.2% YoY to Rs 171 crore in FY25 from Rs 130.32 crore in the preceding financial year.
Use Of Proceeds
The company will use proceeds from the IPO to fund the purchase of equipment, meet working capital requirements and for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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