Mayasheel Ventures IPO Upcoming
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Schedule of Mayasheel Ventures
| Issue open date | 20 Jun 2025 |
| Issue close date | 24 Jun 2025 |
| UPI mandate deadline | 24 Jun 2025 (5 PM) |
| Allotment finalization | 25 Jun 2025 |
| Refund initiation | 26 Jun 2025 |
| Share credit | 26 Jun 2025 |
| Listing date | 27 Jun 2025 |
| Mandate end date | 09 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 25 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 23 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Mayasheel Ventures
Mayasheel Ventures, originally formed as Mayasheel Construction in 2008, is a government-certified “Class A” infrastructure company based in Uttar Pradesh. Converted to a public limited company in May 2024, it specializes in the construction of roads, highways, flyovers, and bridges for government clients, particularly under NHIDCL and other public departments. The company operates under both EPC (Engineering, Procurement, Construction) and BOQ (Bill of Quantity) models and also undertakes electrical infrastructure projects. With over 65 completed projects and an active order book of ₹20,160.89 lakhs as of March 31, 2025, Mayasheel Ventures continues to scale its presence in the infrastructure space.
Financials of Mayasheel Ventures
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹27.28 crores |
| Fresh Issue | ₹27.28 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 4 (14.67%) |
| Working capital requirement | 14 (51.31%) |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Seasoned leadership with 35+ years’ experience and strong government ties boosts contract wins and client satisfaction.
- As of March 31, 2025, the company holds a ₹201.6 crore order book in roads and highways with strong execution capabilities.
- The company has strong project management, completing 75+ projects worth ₹829.8 crore on time with high quality.
Risks
- Dependence on government contracts exposes the company to risks from policy and funding changes.
- The company faces ongoing legal proceedings, and any adverse rulings could significantly impact its business and financial condition.
- Most assets are still under the old partnership name, causing potential legal and administrative delays.
- Experienced negative cash flows from investing and financing activities in recent years.
- Company’s operations are affected by the monsoon season and environmental factors, causing delays and increased costs.