Mayasheel Ventures IPO Allotment Status: Check Latest GMP, Steps to Verify Status

Mayasheel Ventures opened its IPO for public subscription on June 20, 2025. The bidding window for the Mayasheel Ventures IPO closed yesterday, i.e., on June 24, 2025. The allotment process is expected to be finalised today, on June 25, 2025, with the company's shares set to be listed on NSE tentatively on Friday, June 27, 2025.

Know the procedure to check the allotment status on the NSE website.

Check Mayasheel Ventures IPO Allotment Status on NSE

Here is the process to check Mayasheel Ventures IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here. 
2. Choose 'Equity & SME IPO bid details'. 
3. Select 'Mayasheel Ventures' from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Click on the submit button to check the details of the share allotment. 

Mayasheel Ventures IPO Details

Mayasheel Ventures IPO was a book-built issue of ₹27.28 crores, entirely a fresh issue of 58.05 lakh shares. Investors could apply with a minimum lot size of 3000, requiring a minimum investment of ₹1,32,000. The issue price band was set between ₹44 - ₹47 per share.

Narnolia Financial Services Ltd. is the book-running lead manager of the Mayasheel Ventures IPO, while Maashitla Securities Private Limited is the registrar. Prabhat Financial Services Ltd. is the market maker for the Mayasheel Ventures IPO.

Overall Subscription Status

(June 24, 2025, end of the day)

On Day 3, Mayasheel Ventures IPO was subscribed 232.73 times as per the NSE data. The public issue was subscribed 102.63 times in the retail category, 98.14 times in QIB, and 715.75 times in the NII categories.

Click here to explore other Upcoming IPOs

Utilization of IPO Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Funding the working capital requirements of the Company.
• Funding capital expenditure requirements for the purchase of equipment/machinery.
• General Corporate Purposes.

Mayasheel Ventures GMP Details

According to NDTV Profit, the Grey Market Premium (GMP) of Mayasheel Ventures was ₹13 as of June 25, 2025, 6 a.m. If the current GMP trend continues, the company's shares are likely to be listed at ₹60, indicating a 27.66% premium to the upper end of the price band.

Mayasheel Ventures Ltd. Business Overview

Mayasheel Ventures Limited, incorporated in 2008 and based in Ghaziabad, Uttar Pradesh, is an EPC (Engineering, Procurement, and Construction) company that executes civil and electrical infrastructure projects across India. The company undertakes government contracts, working primarily with clients such as the National Highways & Infrastructure Development Corporation Ltd. (NHIDCL), and various state public works and urban development departments. It specialises in the construction of roads, highways, bridges, powerhouses, and streetlighting systems, and has completed over 65 projects across states like Uttar Pradesh and in the northeastern region.

Financially, Mayasheel Ventures has shown consistent growth, with revenue increasing from ₹131.14 crore in FY24 to ₹172.05 crore in FY25, and net profit rising sharply from ₹6.51 crore to ₹11.33 crore in the same period.