Mahamaya Lifesciences IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 11 to Nov 13 2025
Price Band
₹108 - 114
Current GMP
₹116.0 (+1.75%)
Subscription
1.63 times
IPO Details
| IPO Date | November 11, 2025 to November 13, 2025 |
| Listing Date | November 18, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹108 to ₹114 per share |
| Issue Price Final | ₹114 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 61,78,800 shares (aggregating up to ₹70.44 Cr) |
| Reserved for Market Maker | 3,09,600 shares (aggregating up to ₹3.53 Cr)Mansi Share & Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 53,29,200 shares (aggregating up to ₹60.75 Cr) |
| Offer for Sale | 5,40,000 shares of ₹10 (aggregating up to ₹6.16 Cr) |
| Net Offered to Public | 58,69,200 shares (aggregating up to ₹66.91 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,77,66,200 shares |
| Share Holding Post Issue | 2,34,05,000 shares |
IPO Date
November 11, 2025 to November 13, 2025
Listing Date
November 18, 2025
Face Value
₹10 per share
Issue Price Band
₹108 to ₹114 per share
Issue Price Final
₹114 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
61,78,800 shares (aggregating up to ₹70.44 Cr)
Reserved for Market Maker
3,09,600 shares (aggregating up to ₹3.53 Cr)Mansi Share & Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)
53,29,200 shares (aggregating up to ₹60.75 Cr)
Offer for Sale
5,40,000 shares of ₹10 (aggregating up to ₹6.16 Cr)
Net Offered to Public
58,69,200 shares (aggregating up to ₹66.91 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
1,77,66,200 shares
Share Holding Post Issue
2,34,05,000 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.19 |
| Non-Institutional Buyers*** | 3.63 |
| bNII (bids above ₹10L) | 5.00 |
| sNII (bids below ₹10L) | 0.90 |
| Individual Investors (IND category bidding for 2 Lots) | 1.02 |
| Total ** | 1.63 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
1.19
Non-Institutional Buyers***
3.63
bNII (bids above ₹10L)
5.00
sNII (bids below ₹10L)
0.90
Individual Investors (IND category bidding for 2 Lots)
1.02
Total **
1.63
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Nov 11, 2025 | 0.00 | 0.35 | 0.53 | 0.00 | 0.07 | 0.11 |
| Day 2 Nov 12, 2025 | 0.65 | 0.27 | 0.37 | 0.08 | 0.20 | 0.34 |
| Day 3 Nov 13, 2025 | 1.19 | 3.63 | 5.00 | 0.90 | 1.02 | 1.63 |
DayDay 1
Nov 11, 2025
QIB (Ex Anchor)0.00
NII*0.35
NII (> ₹10L)0.53
NII (< ₹10L)0.00
Individual Investors0.07
Total0.11
DayDay 2
Nov 12, 2025
QIB (Ex Anchor)0.65
NII*0.27
NII (> ₹10L)0.37
NII (< ₹10L)0.08
Individual Investors0.20
Total0.34
DayDay 3
Nov 13, 2025
QIB (Ex Anchor)1.19
NII*3.63
NII (> ₹10L)5.00
NII (< ₹10L)0.90
Individual Investors1.02
Total1.63
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 18-11-2025 | 114.00 | 0(0.00%) | 114 |
| 17-11-2025 | 114.00 | 0(0.00%) | 114 |
| 16-11-2025 | 114.00 | 0(0.00%) | 114 |
| 15-11-2025 | 114.00 | 0(0.00%) | 114 |
| 14-11-2025 | 114.00 | 0(0.00%) | 114 |
| 13-11-2025 | 114.00 | 0(0.00%) | 114 |
| 12-11-2025 | 114.00 | 0(0.00%) | 114 |
| 11-11-2025 | 114.00 | 0(0.00%) | 114 |
| 10-11-2025 | 114.00 | 0(0.00%) | 114 |
| 09-11-2025 | 114.00 | 0(0.00%) | 114 |
| 08-11-2025 | 114.00 | 0(0.00%) | 114 |
| 07-11-2025 | 114.00 | 0(0.00%) | 114 |
| 06-11-2025 | 114.00 | 0(0.00%) | 114 |
| 05-11-2025 | 114.00 | 0(0.00%) | 114 |
| 04-11-2025 | 114.00 | 0(0.00%) | 114 |
Date18-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date17-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date16-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date15-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date14-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date13-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date12-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date11-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date10-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date09-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date08-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date07-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date06-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date05-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
Date04-11-2025
Price114.00
GMP0(0.00%)
Estimate List Price114
IPO Important Dates
| IPO Open Date | Tue, Nov 11, 2025 |
| IPO Close Date | Thu, Nov 13, 2025 |
| Tentative Allotment | Fri, Nov 14, 2025 |
| Initiation of Refunds | Mon, Nov 17, 2025 |
| Credit of Shares to Demat | Mon, Nov 17, 2025 |
| Tentative Listing Date | Tue, Nov 18, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 13, 2025 |
IPO Open Date
Tue, Nov 11, 2025
IPO Close Date
Thu, Nov 13, 2025
Tentative Allotment
Fri, Nov 14, 2025
Initiation of Refunds
Mon, Nov 17, 2025
Credit of Shares to Demat
Mon, Nov 17, 2025
Tentative Listing Date
Tue, Nov 18, 2025
Cut-off time for UPI mandate confirmation
5 PM on Thu, Nov 13, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,73,600 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,73,600 |
| S-HNI (Min) | 3 | 3,600 | ₹4,10,400 |
| S-HNI (Max) | 7 | 8,400 | ₹9,57,600 |
| B-HNI (Min) | 8 | 9,600 | ₹10,94,400 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,73,600
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,73,600
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹4,10,400
ApplicationS-HNI (Max)
Lots7
Shares8,400
Amount₹9,57,600
ApplicationB-HNI (Min)
Lots8
Shares9,600
Amount₹10,94,400
Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 218.87 | 188.35 | 112.07 |
| Total Income | 84.04 | 267.17 | 162.83 |
| Profit After Tax | 4.10 | 12.94 | 5.22 |
| EBITDA | 8.04 | 24.64 | 13.36 |
| NET Worth | 53.50 | 49.42 | 24.66 |
| Reserves and Surplus | 35.73 | 31.66 | 23.41 |
| Total Borrowing | 57.72 | 58.11 | 54.63 |
Period EndedPeriod Ended
30 Jun 202530 Jun 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Jun 2025218.87
31 Mar 2025188.35
31 Mar 2024112.07
Period EndedTotal Income
30 Jun 202584.04
31 Mar 2025267.17
31 Mar 2024162.83
Period EndedProfit After Tax
30 Jun 20254.10
31 Mar 202512.94
31 Mar 20245.22
Period EndedEBITDA
30 Jun 20258.04
31 Mar 202524.64
31 Mar 202413.36
Period EndedNET Worth
30 Jun 202553.50
31 Mar 202549.42
31 Mar 202424.66
Period EndedReserves and Surplus
30 Jun 202535.73
31 Mar 202531.66
31 Mar 202423.41
Period EndedTotal Borrowing
30 Jun 202557.72
31 Mar 202558.11
31 Mar 202454.63
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Mahamaya Lifesciences Limited | 7.60 | 7.60 | 27.82 | 26.19 | ||
| Nova Agritech Limited | 3.05 | 3.05 | 23.76 | 16.93 | 12.47 | 2.22 |
| Bhagiradha Chemicals & Industries Ltd. | 1.14 | 1.14 | 52.61 | 247.63 | 2.03 | 5.42 |
Company NameMahamaya Lifesciences Limited
EPS (Basic)7.60
EPS (Diluted)7.60
NAV (per share) (Rs)27.82
P/E (x)
RoNW (%)26.19
P/BV Ratio
Company NameNova Agritech Limited
EPS (Basic)3.05
EPS (Diluted)3.05
NAV (per share) (Rs)23.76
P/E (x)16.93
RoNW (%)12.47
P/BV Ratio2.22
Company NameBhagiradha Chemicals & Industries Ltd.
EPS (Basic)1.14
EPS (Diluted)1.14
NAV (per share) (Rs)52.61
P/E (x)247.63
RoNW (%)2.03
P/BV Ratio5.42
IPO Reservation
| Market Maker Shares Offered | 3,09,600 (5.01%) |
| QIB Shares Offered | 29,28,000 (47.39%) |
| − Anchor Investor Shares Offered | 17,52,000 (28.36%) |
| − QIB (Ex. Anchor) Shares Offered | 11,76,000 (19.03%) |
| NII (HNI) Shares Offered | 8,82,000 (14.27%) |
| − bNII > ₹10L | 5,88,000 (9.52%) |
| − sNII < ₹10L | 2,94,000 (4.76%) |
| Retail Shares Offered | 20,59,200 (33.33%) |
| Total Shares Offered | 61,78,800 (100.00%) |
Market Maker Shares Offered
3,09,600 (5.01%)
QIB Shares Offered
29,28,000 (47.39%)
− Anchor Investor Shares Offered
17,52,000 (28.36%)
− QIB (Ex. Anchor) Shares Offered
11,76,000 (19.03%)
NII (HNI) Shares Offered
8,82,000 (14.27%)
− bNII > ₹10L
5,88,000 (9.52%)
− sNII < ₹10L
2,94,000 (4.76%)
Retail Shares Offered
20,59,200 (33.33%)
Total Shares Offered
61,78,800 (100.00%)
Information about company
Incorporated in 2002, Mahamaya Lifesciences Limited is engaged in manufacturing, registration and export of finest crop protection products and bioproducts for crop & soil health management and to help the farming community for more productivity.
The company specializes in manufacturing pesticide formulations and supplying bulk products to Indian agrochemical companies and multinational corporations (MNCs).
The company imports carefully researched molecules, registers them with the Central Insecticides Board, and markets them as technical and value-added formulations for domestic manufacturers and multinational corporations (MNCs).
The company has invested in global product registrations, with active markets in countries like the Dominican Republic, Egypt, Ethiopia, Jordan, UAE, and Turkey, offering high-quality products and data support for registrations.
Product Portfolio:
Bulk Formulations Sales: Acetamiprid, SP Buprofezin, SC Emamectin benzoate, SG Imidacloprid, SC Paraquat Dichloride.
Technical Sales: Acetamiprid Technical 99% Min, Atrazine Technical 95% Min, Imidacloprid Technical 95% Min, Emamectin Benzoate Technical 95% Min.
Branded Sales (Major own branded products): MAYAMRIT GR, MAYAMRIT SL, MAYAGIBB, UCHIT EW 370
Export Sales- Formulations: Wiper (Sulphur 80% WDG), Lancha (Pendimethalin 50% EC), Tolfen (Tolfenpyrad 15% EC), Typic (80% Sulphur WG).
Competitive Strengths:
Experienced management team consisting of experts.
Capability to introduce vital products for Indian Agriculture.
Development of export opportunities of products.
Ability to develop brands.
Cordial relationships with suppliers of raw materials.
Core values focused on achieving sustainability through innovative approaches.
Objectives of IPO
The Company Mahamaya Lifesciences IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Purchase of Equipment for existing Formulation plant
3.75
2
Funding capital expenditure towards setting up of a new technical manufacturing plant
29.42
3
Construction of Warehouse Building and Purchase of Machinery
2.53
4
Funding working capital requirement of our Company
18.00
5
General Corporate purposes
8.26
Disclaimer
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