Mayasheel Ventures IPO Allotment: Check Status, GMP And Listing Details
Investors can check the allotment status for the Mayasheel Ventures IPO on the websites of NSE and Maashitla Securities.
The initial public offering (IPO) of Mayasheel Ventures Ltd. closed with a robust demand on the third day of bidding on Tuesday.
The NSE SME IPO was booked nearly 233 times on the final day of subscription. Mayasheel Ventures received bids for 89.92 crore shares against 38.64 lakh shares on offer.
The Qualified Institutional Buyers (QIBs) subscribed their category 98.14 times. The Non-Institutional Investors (NIIs) booked their quota nearly 716 times, while the retail portion was subscribed more than 102 times.
The price band for the IPO was set at Rs 47 per share. Mayasheel Ventures IPO was a book-building issue worth Rs 27.28 crore. It comprised entirely a fresh issue of 58.05 lakh shares.
Following the end of the subscription period, the company is scheduled to finalise the IPO share allotment status on June 25. Investors can check the allotment status for the Mayasheel Ventures IPO on the websites of NSE and Maashitla Securities. The refunds and transfer of shares will be initiated on June 26, after finalisation of the IPO share allocation to bidders.
Steps to Check Mayasheel Ventures IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select 'Equity & SME IPO bid details'.
Select the company symbol “MAYASHEEL” from the dropdown list for issue symbols.
Enter PAN details and Application Number.
Click on the “Submit” button to check the share allotment details.
Steps to Check Mayasheel Ventures IPO Allotment Status On Maashitla Securities
Go to the IPO allotment page on the official website of Maashitla Securities Pvt. here.
Choose “ Mayasheel Ventures Ltd.” from the list of companies.
Enter your Application Number, Demat account number, or PAN.
Enter details as per your selection.
Click on “Submit” to view the allotment status.
Mayasheel Ventures Listing Date And Key Details
Mayasheel Ventures IPO listing date has been tentatively fixed as June 27. Shares of the company will be listed on the NSE SME platform.
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Mayasheel Ventures IPO GMP Today
According to InvestorGain, the grey market premium for the Mayasheel Ventures IPO stood at Rs 13 as of 6:00 a.m. on June 25. The latest GMP indicates a listing price of Rs 60 per share at a premium of 27.66% against the upper end of the price band.
Note: GMP does not represent official data and is based on speculation.
Mayasheel Ventures is primarily engaged in the business of constructing roads, highways and bridges. It has proposed to use proceeds from the IPO to fund the purchase of equipment, funding 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.
