Mayasheel Ventures IPO

About Mayasheel Ventures IPO

Mayasheel Ventures Limited IPO is an IPO of up to 27.28 crores. It consists of a fresh issue of up to 55.14 lakh equity shares, aggregating up to 27.28 crores. The shares will be allotted on June 25, 2025. The credit of shares to the demat account will take place on June 26, 2025, and the initiation of refunds will take place on June 26, 2025.

Objective of Mayasheel Ventures Limited IPO

• Funding capital expenditure requirements for the purchase of equipment/machinery.
• Funding the working capital requirements of the company.
• General corporate purposes.

Industry Outlook

The global road and highway infrastructure market size was valued at USD 1,13,428 crore in 2022. The market is projected to grow from USD 1,15,633 crore in 2023 to USD 1,33,367 crore by 2030, exhibiting a CAGR of 2.06% during the forecast period. The market has witnessed momentous growth in recent years, driven by increasing urbanisation, population growth, and economic development.

India's roads and highways sector market was valued at USD 15,219 crore in 2024 and is anticipated to project robust growth in the forecast period with a CAGR of 9.34% through 2030. The Indian roads and highways sector is driven by rapid urbanisation, economic growth, and increased vehicle ownership. Government initiatives like the Bharatmala Pariyojana and Pradhan Mantri Gram Sadak Yojana boost infrastructure development. Public-private partnerships (PPPs) and foreign investments also play a significant role. The sector benefits from technological advancements in construction and maintenance, along with rising demand for efficient logistics and transportation networks. Additionally, improved connectivity between urban and rural areas fuels further expansion, supporting trade and commerce. Environmental considerations and sustainable practices are increasingly integrated, aligning with global trends toward greener infrastructure development.

Public-private partnerships (PPPs) have emerged as a critical mechanism in this sector, attracting private investment and expertise to complement government efforts. These partnerships have led to the successful completion of numerous projects, ensuring timely delivery and maintenance of high standards. Foreign investments are also playing a crucial role, with international investors recognising the potential and growth prospects of the Indian roads and highways market. This influx of capital is essential for funding large-scale projects and incorporating advanced technologies in construction and maintenance.

Company Information

The company is involved in the business of construction of roads and highways for NHIDCL (National Highways and Infrastructure Development Corporation Ltd.) and other government departments. The company transacts the business to construct, build, alter, convert, improve, design, establish, develop, dismantle, and reconstruct all types of technically complex constructions and high-value projects like expressways, national highways, flyovers, and bridges. They undertake projects on EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) basis. Furthermore, the company has also been involved in various electrical works, including the construction of electrical power houses, installation of streetlights, and development of transmission lines.

Risks of Mayasheel Ventures IPO

• The company’s main source of revenue comes from projects initiated or approved by NHIDCL (National Highways Infrastructure Development Corporation Limited) and other government departments. If there are unfavourable changes in the policies of the central or state government, it could result in the closure, termination, restructuring, or renegotiation of their contracts, potentially impacting their business and financial performance significantly.

• Their business is subject to monsoon seasons and other environmental factors that can adversely affect their operations and results.

• The majority of their revenue from operations is derived from the northeastern states, i.e., Assam, Manipur, and Nagaland. Any adverse developments affecting their operations in these states could impact their revenue and results of operations.

Mayasheel Ventures Limited

Anchor Investor Information

The Anchor Investor Bidding Date shall be one working day prior to the Issue Opening Date.

IPO Registrar and Book Running Lead Managers

Book running lead managers:

Narnolia Financial Services Limited

Registrar for the IPO is Maashitla Securities Private Limited

Business Model

The company earns its revenue through the following sources:

Providing services for the infrastructure industry, serving a range of construction and infrastructure projects including roads, highways, bridges, flyovers, and drainage systems.

Company Growth Trajectory

Their net revenue from operations for the financial year 2023-2024 stood at ₹130.323 crore whereas for the financial year 2022-23, it stood at ₹126.366 crores, representing an increase of 3.13%. The revenue from operations further increased to ₹171.0081 crores in FY25, confirming the company’s position as one of the fast growing companies in the EPC space. PAT also increased from ₹4.752 crore in FY 2023 to ₹ 6.513 crore in 2024 and further to 11.3347 crores in FY25.

Company Market Position

Over the years, they have steadily expanded their execution capabilities and successfully completed more than 35 projects. As of 20 October 2024, they have ongoing projects of an aggregate amount of ₹345.19 crore.

How To Check Allotment Status of Mayasheel Ventures Limited IPO?

You can check the allotment status of shares either on the website of the Nationak Stock Exchange (NSE) or on the website of the registrar Maashitla Securities Private Limited. To check the status on the NSE website:

• Visit the NSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Mayasheel Ventures Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the Maashitla Securities Private Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Mayasheel Ventures Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How to Apply for Mayasheel Ventures IPO?

To apply for this IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
• Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
• Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI