New Delhi, June 27(HS): Mayasheel Ventures debuted strongly on the stock market today, pleasing IPO investors. The share price was set at ₹44 to ₹47, but it opened at ₹58 on the NSE SME platform, reflecting a 23.40 percent premium. Initially rising to ₹60 due to buying interest, the shares later experienced a slight dip due to profit booking. By 11:15 AM, shares were trading at ₹58.85, marking a 25.21 percent profit for IPO investors.

The ₹27.28 crore IPO was subscribed 232.73 times, showcasing high demand from both HNI and retail investors. Established in 2008, the company focuses on road and highway projects for NHIDCL and other government entities. The funds raised will finance equipment purchases, working capital, and general corporate needs.

Hindusthan Samachar / Jun Sarkar