Mayasheel Ventures shares listed at 23 percent premium on the National Stock Exchange (NSE). The Rs 27.28-crore issue was subscribed 232.73 times between June 20-24 in the primary market.
Shares of Mayasheel Ventures were listed at Rs 58 per share on the NSE, a premium of 23.4 percent over its IPO price. The issue had a price band of Rs 44-47 per share. The total market cap of the company post listing of shares stood at Rs 127.89 crore.
Incorporated in May 2008, Mayasheel that constructs roads and highways for NHIDCL (National Highways and Infrastructure Development Corporation) and other government departments approached capital markets to raise Rs 27.28 crore via IPO of 58.05 lakh shares at the upper price band.
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