Mayasheel Ventures Share Price Lists at 23% Premium on NSE SME Platform

Market Performance

Mayasheel Ventures made a strong debut on the NSE SME platform on Friday, listing at ₹58 per share, which is 23.4% higher than its IPO price.

• IPO Price Band: ₹44–₹47 per share
• Listing Price: ₹58 per share
• Listing Premium: 23.4%
• Market Capitalization Post Listing: ₹127.89 Crore

The positive listing comes after heavy investor interest, reflected in the IPO being subscribed 232.73 times during its bidding period.

Main News

Shares of Mayasheel Ventures began trading on the NSE SME platform on a strong note, marking a premium listing that signals market enthusiasm for the newly listed firm. The stock opened at ₹58, outperforming its IPO upper band price of ₹47.

This performance indicates robust demand during the IPO window, positioning the company among notable SME listings in recent weeks.

Company Details

Founded: May 2008

Business Activity:

• Engaged in building and developing roads and highways
• Contracts executed for NHIDCL (National Highways and Infrastructure Development Corporation) and other government bodies

IPO Overview:

• Issue Size: ₹27.28 Crore
• Shares Offered: 58.05 lakh
• IPO Price Band: ₹44–₹47
• Purpose: Capital raised via fresh issue

Mayasheel Ventures aims to utilize the proceeds for working capital and operational needs, aligning with its focus on infrastructure development across India.

Financial Data (As per IPO Details)

Although detailed financials were not part of the listing day news, here are confirmed IPO-level figures:

• Issue Size: ₹27.28 Crore
• Number of Shares Offered: 58.05 lakh shares
• Market Cap Post Listing: ₹127.89 Crore
• Subscription Rate: 232.73 times

Summary

Mayasheel Ventures' stock debuted on the NSE SME platform with a 23.4% listing premium, reflecting high investor confidence. The company's focus on government infrastructure projects and successful IPO subscription underscores its strong market entry.

This listing highlights growing market interest in infrastructure-focused SMEs and sets a benchmark for future similar offerings.