Mayasheel Ventures Limited IPO

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Mayasheel Ventures Limited is a government-registered “Class A” infrastructure construction company, primarily engaged in the construction of roads, highways, flyovers, bridges, and drainage systems for central and state government agencies including NHIDCL (National Highways and Infrastructure Development Corporation Ltd.). Originally established in 2008 as Mayasheel Construction, the company transitioned into a public limited company and has since built a strong track record in delivering high-value infrastructure projects across India.

Business Model & Core Operations

Mayasheel Ventures operates on a Business-to-Government (B2G) model, with most of its revenue generated through government tenders. The company executes projects under:

a) EPC (Engineering, Procurement, and Construction) mode, managing the entire lifecycle of infrastructure development.

b) BOQ (Bill of Quantities) mode for projects with pre-defined technical specifications.

To date, the company has successfully completed over 65 projects, and as of March 31, 2025, maintains an order book of ₹201.60 crore.

Key Business Verticals

1. Construction Division

– Roads & Highways: Enhancing regional connectivity with durable, safe, and high-performance roads.
– Bridges & Flyovers: Engineering solutions that improve traffic flow and infrastructure resilience.
– Drainage & Sewerage Systems: Urban and rural water management for safety and hygiene.

2. Electrical Works Division

– Electrical Powerhouses, Transmission Lines, Street Lighting, and Smart Energy Meters.
– Although revenue from this segment is currently modest, Mayasheel is actively expanding into this space and has three ongoing electrical projects.

Delivered a 14.401 km road stretch on NH-129A in Nagaland under NHIDCL using the EPC model.

Government Collaboration & Social Impact

The company supports national schemes such as:

– UDAY (Ujwal DISCOM Assurance Yojana): To reduce technical and commercial losses.

– RDSS (Revamped Distribution Sector Scheme): For rural power infrastructure development.

Objects of the Mayasheel Ventures Limited IPO:

The Company proposes to utilize the funds which are being raised towards funding the following objects: 1. Funding capital expenditure requirements for the purchase of equipment/machineries(₹4 cr) 2. Funding the working capital requirements of our Company(₹14 cr) 3. General Corporate Purposes
DRHP of Mayasheel Ventures Limited IPO
RHP of Mayasheel Ventures Limited IPO

Mayasheel Ventures Limited IPO Details:

Open Date: Jun 20 2025
Close Date: Jun 24 2025
Total Shares: 58,05,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 27.28 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 44 to 47 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

1. Mr. Amit Garg – Chairman & Managing Director: Mr. Amit Garg, aged 48, is the Promoter, Chairman, and Managing Director of the Company. He has held this position since the Company’s inception. A graduate in Commerce from the University of Meerut, Mr. Garg brings over 15 years of extensive, hands-on experience in the road construction industry. He oversees all day-to-day operations of the Company and plays a pivotal role in project execution and strategic decision-making. 2. Ms. Meenu Garg – Executive Director: Ms. Meenu Garg, aged 48, is the Promoter and Executive Director of the Company since its incorporation. She holds a Bachelor's degree in Arts from the University of Delhi and has over 15 years of experience in business administration. Her deep understanding of business operations and management has significantly contributed to the Company’s strategic growth and development initiatives. 3. Mr. Prabhat Rajpoot – Non-Executive Director: Mr. Prabhat Rajpoot, aged 35, is a Promoter and Non-Executive Director of the Company. He holds an MBA from Punjab Technical University and has over 7 years of experience in business management. Mr. Rajpoot plays a key advisory role in the Company’s project management function, offering strategic insights and guidance to ensure timely and efficient project completion.

Financials of Mayasheel Ventures Limited IPO: 

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Mayasheel Ventures Limited IPO:

  1. Narnolia Financial Services Ltd

Registrar of Mayasheel Ventures Limited IPO:

  1. Maashitla Securities Pvt. Limited

Discussion on Mayasheel Ventures Limited IPO:

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