Mahamaya Lifesciences Ltd IPO
Status: Closed
Overview
IPO date
11 Nov 2025 to 13 Nov 2025
Face value
₹ 10 per share
Price
₹ 108 to ₹114 per share
Issue Size
6,178,800 shares
(aggregating up to ₹ 70.44 Cr)
(aggregating up to ₹ 70.44 Cr)
Allotment Date
14 Nov 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Agro Chemicals
Objectives of Mahamaya Lifesciences Ltd IPO
Mahamaya Lifesciences Ltd IPO Strategy
About Mahamaya Lifesciences Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Mahamaya Lifesciences Ltd
Know the pros & cons
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.
- Established distribution network across various geographies through many dealers.
Risks
- Its top ten customers constituted 71.35%, 76.26%, 83.14% and 71.12% of our sales for the period ended June 30, 2025
and for the financial year ended March 31, 2025, March 31, 2024, March 31, 2023 respectively. Absence of large number
of customers, dependence on few customers and creating a customer concentration risk which may have an adverse
impact on its business operations and financial performance.
- The Company has not entered into long-term agreements with its customers for purchasing the company products nor for the supply of raw materials with its suppliers. The company is subject to uncertainties in demand/supply and there is no assurance that these customers and suppliers will continue to purchase its products or sell raw materials to it or that they will not scale down their orders. This could impact the business and financial performance of the Company.
- Raw materials constitute a significant percentage of the Company's total expenses. Any increase in prices and any decrease in the supply would materially adversely affect the Company's business.
- The company is required to obtain and/or renew certain registrations from the CIB&RC for its products manufactured in India. The company also register its products in overseas jurisdictions through the company International Distribution Partners to enable exports to such countries. Any failures to successfully register its products in India or in the international markets may affect its results of operations and financial condition.
- The company has complied with the timely filing requirement for statutory dues but have faced delays in payment due to technical issue.
- The company is party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make us liable to liabilities /penalties and may adversely affect its reputation, business, and financial status.
- Perception of non-compliance due to non-reflection of TDS payment on the TRACES Portal.
- Its may not be able to avail funding from banks or financial institution for the company future working capital requirements. The failures to obtain such financing may adversely affect its ability to grow and the company future profitability.
- The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of its management and as per the details mentioned in the section titled "Objects of the Offer". Any revision in the estimates may require it to reschedule the company expenditure and may have a bearing on its expected revenues and earnings.
- The Company had negative cash flows, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- Any restriction or decline in exports or any other general restriction or curtailment on export of any products the company manufacture, could adversely affect its business, financial condition and results of operations.
- Its operations are subject to environmental and workers' health and safety laws and regulations. The company may have to incur material costs to comply with these regulations or suffer material liabilities or damages in the event of an incidence or non-compliance of environmental laws and regulations which may have a material adverse effect on its business, financial condition and results of operations.
- Any failures or its inability to acquire, develop or protect the company branded formulations, or defend successfully against claims asserting that the company has infringed the IPRs of third parties may adversely affect its business, financial condition and results of operations.
- Sales of its products are largely influenced by factors such as overall area under cultivation, the cropping pattern adopted by the farmers in India, lack of monsoon and overall weather conditions in the country.
- Unsecured loans have been taken by the Company which can be recalled by the lenders at any time.
- Its success largely depends upon the services of the company senior management and other Key Managerial Personnel (KMP)
and its ability to attract and retain them. Demand for senior management personnel (SMP) and KMP in the industry is
intense and the company inability to attract and retain our KMP and SMP may affect the operations of the Company.
- The products sold by the company are subject to independent verification by government agencies through sample checks. Any non-compliance with the prescribed standards could have an adverse impact on its business.
- The installed capacity of its manufacturing facility has not been fully utilized and could limit the company ability to fully absorb
fixed costs.
- There have been some instances of delayed filing/ incorrect filings in the past with the Registrar of Companies which
may attract penalties.
- The Company has in the past entered into related party transactions with its Promoters and Group Entity and may
continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will
not have an adverse effect on its financial condition and results of operations.
- There have been some instances of delayed filing/ incorrect filings in the past with the Registrar of Companies which may attract penalties.
- Quality concerns and negative publicity, if any, would adversely affect the value of its brand and the company sales.
- Its inability to respond adequately to increased competition may adversely affect the company business, financial condition and results of operations.
- The company is subject to counterfeit products, which could adversely affect the reputation of its business and consequently, the company business, financial condition and results of operations.
- Product innovation and research and development (R&D) activities are an integral part of its business model. If the company research and product development efforts are not successful, its business may be restricted which may in turn have an adverse effect on the company business and financial condition.
- Lack of education and awareness among farmers in India may lead to inappropriate application of its products and adversely affect the company business prospects.
- Its products may become ineffective in the long term. If any of the company products become ineffective and farmers choose product of other companies, this may adversely affect its business, financial condition and results of operations.
- Many of the materials produced at its factories are hazardous in nature. In the event of any accidents involving any such hazardous materials and substances, the Company may be held liable for damages and penalties which may impact the financials of the Company.
- Agrochemical is a labour intensive industry, hence its may face labour disruptions and other planned and unplanned outages that could interfere or temporarily disrupt its operations.
- Unfavourable global weather patterns may have an adverse effect on its export business, results of operations and financial condition.
- The installed capacity of its manufacturing facility has not been fully utilized and could limit the company ability to fully absorb fixed costs.
- Its manufacturing facility in Dahej, Gujarat is situated on industrial land allotted to it by GIDC on a leasehold basis. Failures to comply with the conditions of use of such land could result in an adverse impact on its business and financial condition.
- The Company is dependent on third party transportation providers for the supply of raw materials and delivery of its products and any disruption in their operations or a decrease in the quality of their services could affect the Company's reputation and results of operations.
- The company relies on its distribution network to sell its products to the farmers and any failures to effectively manage the company distribution partners could hamper its business, financial and the company results of operations.
- There can be no assurance that its will in all instances be in full compliance with applicable regulations of the international markets where the company export its products. Any failures to comply with applicable international regulations may adversely affect its export business, financial condition and results of operations.
- The Company has incorporated a subsidiary in UAE to facilitate the exports and imports in that country. Though the company has not yet infused funds in this subsidiary, if the company is unable to explore new opportunities and achieve its business objectives in UAE through this subsidiary, it may affect its business prospects.
- The company is exposed to the risks of significant breaches of data security, and malfunctions or disruptions of information technology systems.
- The company has not independently verified certain data in this Draft Red Herring Prospectus.
- The Company has in the past entered into related party transactions with its Promoters and Group Entity and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
- Its Promoters have given personal guarantees in relation to certain debt facilities provided to it.
- Its Promoters, certain of the company Directors and Key Managerial Personnel have interests in it other than reimbursement of expenses incurred and normal remuneration or benefits.
- The company has not been able to obtain certain records of the work experience of some Directors and have relied on declarations, undertakings and affidavits furnished by them.
- Its Promoters will continue to retain significant control in the Company after the Issue, which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures and are also prohibited by the terms of its financing arrangements.
- The average cost of acquisition of Equity Shares by the Promoters and Selling Shareholders could be lower than the floor price.
- Its insurance cover may not adequately protect the company against all material hazards. Its may face significant financial and operational losses if the company is not able to recover its insurance claims in the event of any such untoward material hazard.
- Any of its violation of the Metrology Act and the Metrology Rules may lead to fines and penalties, or seizure and forfeiture of its products which could adversely affect the company business.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its management and the company Board of Directors, though it shall be monitored by its Audit Committee.
- The Company will not receive any proceeds from the Offer for Sale portion.
- The company does not own its corporate office, warehouse and office-cum-godown, any revocation or adverse changes in the terms
of the leave and license may have an adverse effect on its business, prospects, results of operations and financial
condition.
- Its failures to accurately forecast and manage inventory could result in an unexpected shortfall and/ or surplus of
products, which could harm its business.
- Fluctuations in the prices of commodities crops may affect the sales of its crop protection products and the company results of
operations.
- The company is subject to counterfeit products, which could adversely affect the reputation of its business and consequently, the company
business, financial condition and results of operations.
- Quality concerns and negative publicity, if any, would adversely affect the value of its brand and the company sales.
- Its inability to respond adequately to increased competition may adversely affect our business, financial condition and
results of operations.
- Product innovation and research and development (R&D) activities are an integral part of its business model. If the company
research and product development efforts are not successful, its business may be restricted which may in turn have an
adverse effect on the company business and financial condition.
- Lack of education and awareness among farmers in India may lead to inappropriate application of its products and
adversely affect the company business prospects.
- Its products may become ineffective in the long term. If any of the company products become ineffective and farmers choose
product of other companies, this may adversely affect its business, financial condition and results of operations.
- Many of the materials produced at its factories are hazardous in nature. In the event of any accidents involving any
such hazardous materials and substances, the Company may be held liable for damages and penalties which may impact
the financials of the Company.
- Agrochemical is a labour intensive industry, hence its may faces labour disruptions and other planned and unplanned
outages that could interfere or temporarily disrupt the company operations.
- Unfavourable global weather patterns may have an adverse effect on its export business, results of operations and
financial condition.
- Its manufacturing facility in Dahej, Gujarat is situated on industrial land allotted to it by GIDC on a leasehold basis.
Failures to comply with the conditions of use of such land could result in an adverse impact on its business and financial
condition.
- The Company is dependent on third party transportation providers for the supply of raw materials and delivery of its
products and any disruption in their operations or a decrease in the quality of their services could affect the Company's
reputation and results of operations.
- The company relies on its distribution network to sell its products to the farmers and any failures to effectively manage the company
distribution partners could hamper its business, financial and our results of operations.
- There can be no assurance that we will in all instances be in full compliance with applicable regulations of the
international markets where the company export its products. Any failures to comply with applicable international regulations may
adversely affect its export business, financial condition and results of operations.
- The Company has incorporated a subsidiary in UAE to facilitate the exports and imports in that country. Though the company
has not yet infused funds in this subsidiary, if the company is unable to explore new opportunities and achieve its business
objectives in UAE through this subsidiary, it may affect its business prospects.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The company is exposed to the risks of significant breaches of data security, and malfunctions or disruptions of information
technology systems.
- Its Promoters have given personal guarantees in relation to certain debt facilities provided to it.
- Its Promoters, certain of the company Directors and Key Managerial Personnel have interests in it other than reimbursement
of expenses incurred and normal remuneration or benefits.
- The company has not been able to obtain certain records of the work experience of some Directors and have relied on declarations,
undertakings and affidavits furnished by them.
- Its Promoters will continue to retain significant control in the Company after the Issue, which will allow them to
influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also
have the effect of delaying, preventing or deterring a change in control.
- Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working
capital requirements and capital expenditures and are also prohibited by the terms of its financing arrangements.
- The average cost of acquisition of Equity Shares by the Promoters and Selling Shareholders could be lower than the
floor price.
- Its insurance cover may not adequately protect it against all material hazards. The company may faces significant financial and
operational losses if the company is not able to recover its insurance claims in the event of any such untoward material hazard.
- Any of its violation of the Metrology Act and the Metrology Rules may lead to fines and penalties, or seizure and
forfeiture of the company products which could adversely affect its business.
- The Company will not receive any proceeds from the Offer for Sale portion.
Mahamaya Lifesciences Ltd Peer Comparison
Understand the company’s industry standing
Mahamaya Lifesciences Ltd
Nova Agritech Ltd
Bhagiradha Chemicals & Industries Ltd
Face Value
10
2
1
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
267.1731
296.5989
449.7522
EPS-Basis
7.6
3.05
1.14
EPS-Diluted
7.6
3.05
1.14
NAV Per Share
27.82
23.76
52.61
P/E-Basic EPS
---
16.93
247.63
P/E-Diluted EPS
---
---
---
RONW(%)
26.19
12.47
2.03
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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Enter details- PAN, Application number or DP client ID
Get your allotment status
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The IPO opens on 11 Nov 2025 & closes on 13 Nov 2025.
Mahamaya Lifesciences Limited was originally incorporated as a private limited Company as 'Mahamaya Life Sciences Private Limited' by the Assistant Registrar of Companies, NCT Delhi & Haryana, on May 07, 2002. Further, Company's name was changed from 'Mahamaya Life Sciences Private Limited' to 'Mahamaya Lifesciences Private Limited' dated February 15, 2016. The status was changed to Public Limited Company on November 19, 2024 by the Central Processing Centre.
The Company specializes in manufacturing of pesticide formulations and supply bulk formulations catering to both Indian agrochemical companies, as well as multinational corporations (MNCs). The Company began the journey by focusing on import and registration of vital pesticide molecules. It imported these molecules and worked on registering them with the Central Insecticides Board and Registration Committee (CIBRC) under the Department of Agriculture, Government of India. After successful registration, it marketed these molecules both as technical and as value added end use formulations for both domestic manufacturers and MNCs.
In 2002, Company expanded from the sale of technical to companies, to establish its own manufacturing plant for formulations in December 2021, located in Dahej, Gujarat. From this manufacturing facility, it produce and sell bulk formulations, branded products (own brand products), and export them to customers. Domestically, it market the own branded products across states such as Punjab, Haryana, Rajasthan, Uttar Pradesh, Gujarat, Maharashtra, Andhra Pradesh, and Telangana through a well-established dealer network. Internationally, it export the products to countries including the Dominican Republic, Turkey, Egypt, and the UAE.
The Company introduced Norwegian seaweed extract based Bio-stimulants formulations. The expansion of bio-products in agriculture is a critical strategy to meet the growing demand for sustainable and eco-friendly agricultural solutions. Company incorporated a subsidiary in UAE in the name of 'Mahamaya Lifesciences FZE' to further promote the import and export operations in 2017.
The Company began construction of factory in Dahej, Gujarat in FY 2018 and completed it after getting the license to manufacture insecticides from the Govt of Gujarat in FY 2022.
The Company came up with the initial public offer of 61,78,800 Equity Shares of Rs 10/- each by raising Rs 70.44 Crore consisting a fresh issue of
56,38,800 Equity Shares aggregating to Rs 64.28 crores and the offer for sale of 5,40,000 Equity Shares aggregating to Rs 6.15 crores in November, 2025.
Mahamaya Lifesciences Ltd IPO will close on 13 Nov 2025.
- 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.
- Established distribution network across various geographies through many dealers.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Krishnamurthy Ganesan | 5486250 | 30.88 | 5116250 | 21.86 |
| 2 | Lalitha Krishnamurthy | 4120875 | 23.2 | 3950875 | 16.88 |
| 3 | Prashant Krishnamurthy | 4120875 | 23.2 | 4120875 | 17.61 |
- Its top ten customers constituted 71.35%, 76.26%, 83.14% and 71.12% of our sales for the period ended June 30, 2025 and for the financial year ended March 31, 2025, March 31, 2024, March 31, 2023 respectively. Absence of large number of customers, dependence on few customers and creating a customer concentration risk which may have an adverse impact on its business operations and financial performance.
- The Company has not entered into long-term agreements with its customers for purchasing the company products nor for the supply of raw materials with its suppliers. The company is subject to uncertainties in demand/supply and there is no assurance that these customers and suppliers will continue to purchase its products or sell raw materials to it or that they will not scale down their orders. This could impact the business and financial performance of the Company.
- Raw materials constitute a significant percentage of the Company's total expenses. Any increase in prices and any decrease in the supply would materially adversely affect the Company's business.
- The company is required to obtain and/or renew certain registrations from the CIB&RC for its products manufactured in India. The company also register its products in overseas jurisdictions through the company International Distribution Partners to enable exports to such countries. Any failures to successfully register its products in India or in the international markets may affect its results of operations and financial condition.
- The company has complied with the timely filing requirement for statutory dues but have faced delays in payment due to technical issue.
- The company is party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make us liable to liabilities /penalties and may adversely affect its reputation, business, and financial status.
- Perception of non-compliance due to non-reflection of TDS payment on the TRACES Portal.
- Its may not be able to avail funding from banks or financial institution for the company future working capital requirements. The failures to obtain such financing may adversely affect its ability to grow and the company future profitability.
- The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of its management and as per the details mentioned in the section titled "Objects of the Offer". Any revision in the estimates may require it to reschedule the company expenditure and may have a bearing on its expected revenues and earnings.
- The Company had negative cash flows, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- Any restriction or decline in exports or any other general restriction or curtailment on export of any products the company manufacture, could adversely affect its business, financial condition and results of operations.
- Its operations are subject to environmental and workers' health and safety laws and regulations. The company may have to incur material costs to comply with these regulations or suffer material liabilities or damages in the event of an incidence or non-compliance of environmental laws and regulations which may have a material adverse effect on its business, financial condition and results of operations.
- Any failures or its inability to acquire, develop or protect the company branded formulations, or defend successfully against claims asserting that the company has infringed the IPRs of third parties may adversely affect its business, financial condition and results of operations.
- Sales of its products are largely influenced by factors such as overall area under cultivation, the cropping pattern adopted by the farmers in India, lack of monsoon and overall weather conditions in the country.
- Unsecured loans have been taken by the Company which can be recalled by the lenders at any time.
- Its success largely depends upon the services of the company senior management and other Key Managerial Personnel (KMP) and its ability to attract and retain them. Demand for senior management personnel (SMP) and KMP in the industry is intense and the company inability to attract and retain our KMP and SMP may affect the operations of the Company.
- The products sold by the company are subject to independent verification by government agencies through sample checks. Any non-compliance with the prescribed standards could have an adverse impact on its business.
- The installed capacity of its manufacturing facility has not been fully utilized and could limit the company ability to fully absorb fixed costs.
- There have been some instances of delayed filing/ incorrect filings in the past with the Registrar of Companies which may attract penalties.
- The Company has in the past entered into related party transactions with its Promoters and Group Entity and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
- There have been some instances of delayed filing/ incorrect filings in the past with the Registrar of Companies which may attract penalties.
- Quality concerns and negative publicity, if any, would adversely affect the value of its brand and the company sales.
- Its inability to respond adequately to increased competition may adversely affect the company business, financial condition and results of operations.
- The company is subject to counterfeit products, which could adversely affect the reputation of its business and consequently, the company business, financial condition and results of operations.
- Product innovation and research and development (R&D) activities are an integral part of its business model. If the company research and product development efforts are not successful, its business may be restricted which may in turn have an adverse effect on the company business and financial condition.
- Lack of education and awareness among farmers in India may lead to inappropriate application of its products and adversely affect the company business prospects.
- Its products may become ineffective in the long term. If any of the company products become ineffective and farmers choose product of other companies, this may adversely affect its business, financial condition and results of operations.
- Many of the materials produced at its factories are hazardous in nature. In the event of any accidents involving any such hazardous materials and substances, the Company may be held liable for damages and penalties which may impact the financials of the Company.
- Agrochemical is a labour intensive industry, hence its may face labour disruptions and other planned and unplanned outages that could interfere or temporarily disrupt its operations.
- Unfavourable global weather patterns may have an adverse effect on its export business, results of operations and financial condition.
- The installed capacity of its manufacturing facility has not been fully utilized and could limit the company ability to fully absorb fixed costs.
- Its manufacturing facility in Dahej, Gujarat is situated on industrial land allotted to it by GIDC on a leasehold basis. Failures to comply with the conditions of use of such land could result in an adverse impact on its business and financial condition.
- The Company is dependent on third party transportation providers for the supply of raw materials and delivery of its products and any disruption in their operations or a decrease in the quality of their services could affect the Company's reputation and results of operations.
- The company relies on its distribution network to sell its products to the farmers and any failures to effectively manage the company distribution partners could hamper its business, financial and the company results of operations.
- There can be no assurance that its will in all instances be in full compliance with applicable regulations of the international markets where the company export its products. Any failures to comply with applicable international regulations may adversely affect its export business, financial condition and results of operations.
- The Company has incorporated a subsidiary in UAE to facilitate the exports and imports in that country. Though the company has not yet infused funds in this subsidiary, if the company is unable to explore new opportunities and achieve its business objectives in UAE through this subsidiary, it may affect its business prospects.
- The company is exposed to the risks of significant breaches of data security, and malfunctions or disruptions of information technology systems.
- The company has not independently verified certain data in this Draft Red Herring Prospectus.
- The Company has in the past entered into related party transactions with its Promoters and Group Entity and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
- Its Promoters have given personal guarantees in relation to certain debt facilities provided to it.
- Its Promoters, certain of the company Directors and Key Managerial Personnel have interests in it other than reimbursement of expenses incurred and normal remuneration or benefits.
- The company has not been able to obtain certain records of the work experience of some Directors and have relied on declarations, undertakings and affidavits furnished by them.
- Its Promoters will continue to retain significant control in the Company after the Issue, which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures and are also prohibited by the terms of its financing arrangements.
- The average cost of acquisition of Equity Shares by the Promoters and Selling Shareholders could be lower than the floor price.
- Its insurance cover may not adequately protect the company against all material hazards. Its may face significant financial and operational losses if the company is not able to recover its insurance claims in the event of any such untoward material hazard.
- Any of its violation of the Metrology Act and the Metrology Rules may lead to fines and penalties, or seizure and forfeiture of its products which could adversely affect the company business.
- There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its management and the company Board of Directors, though it shall be monitored by its Audit Committee.
- The Company will not receive any proceeds from the Offer for Sale portion.
- The company does not own its corporate office, warehouse and office-cum-godown, any revocation or adverse changes in the terms of the leave and license may have an adverse effect on its business, prospects, results of operations and financial condition.
- Its failures to accurately forecast and manage inventory could result in an unexpected shortfall and/ or surplus of products, which could harm its business.
- Fluctuations in the prices of commodities crops may affect the sales of its crop protection products and the company results of operations.
- The company is subject to counterfeit products, which could adversely affect the reputation of its business and consequently, the company business, financial condition and results of operations.
- Quality concerns and negative publicity, if any, would adversely affect the value of its brand and the company sales.
- Its inability to respond adequately to increased competition may adversely affect our business, financial condition and results of operations.
- Product innovation and research and development (R&D) activities are an integral part of its business model. If the company research and product development efforts are not successful, its business may be restricted which may in turn have an adverse effect on the company business and financial condition.
- Lack of education and awareness among farmers in India may lead to inappropriate application of its products and adversely affect the company business prospects.
- Its products may become ineffective in the long term. If any of the company products become ineffective and farmers choose product of other companies, this may adversely affect its business, financial condition and results of operations.
- Many of the materials produced at its factories are hazardous in nature. In the event of any accidents involving any such hazardous materials and substances, the Company may be held liable for damages and penalties which may impact the financials of the Company.
- Agrochemical is a labour intensive industry, hence its may faces labour disruptions and other planned and unplanned outages that could interfere or temporarily disrupt the company operations.
- Unfavourable global weather patterns may have an adverse effect on its export business, results of operations and financial condition.
- Its manufacturing facility in Dahej, Gujarat is situated on industrial land allotted to it by GIDC on a leasehold basis. Failures to comply with the conditions of use of such land could result in an adverse impact on its business and financial condition.
- The Company is dependent on third party transportation providers for the supply of raw materials and delivery of its products and any disruption in their operations or a decrease in the quality of their services could affect the Company's reputation and results of operations.
- The company relies on its distribution network to sell its products to the farmers and any failures to effectively manage the company distribution partners could hamper its business, financial and our results of operations.
- There can be no assurance that we will in all instances be in full compliance with applicable regulations of the international markets where the company export its products. Any failures to comply with applicable international regulations may adversely affect its export business, financial condition and results of operations.
- The Company has incorporated a subsidiary in UAE to facilitate the exports and imports in that country. Though the company has not yet infused funds in this subsidiary, if the company is unable to explore new opportunities and achieve its business objectives in UAE through this subsidiary, it may affect its business prospects.
- The company has not independently verified certain data in this Red Herring Prospectus.
- The company is exposed to the risks of significant breaches of data security, and malfunctions or disruptions of information technology systems.
- Its Promoters have given personal guarantees in relation to certain debt facilities provided to it.
- Its Promoters, certain of the company Directors and Key Managerial Personnel have interests in it other than reimbursement of expenses incurred and normal remuneration or benefits.
- The company has not been able to obtain certain records of the work experience of some Directors and have relied on declarations, undertakings and affidavits furnished by them.
- Its Promoters will continue to retain significant control in the Company after the Issue, which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures and are also prohibited by the terms of its financing arrangements.
- The average cost of acquisition of Equity Shares by the Promoters and Selling Shareholders could be lower than the floor price.
- Its insurance cover may not adequately protect it against all material hazards. The company may faces significant financial and operational losses if the company is not able to recover its insurance claims in the event of any such untoward material hazard.
- Any of its violation of the Metrology Act and the Metrology Rules may lead to fines and penalties, or seizure and forfeiture of the company products which could adversely affect its business.
- The Company will not receive any proceeds from the Offer for Sale portion.
The Issue type of Mahamaya Lifesciences Ltd is Book Building - SME.
The minimum application for shares of Mahamaya Lifesciences Ltd is 2400.
The total shares issue of Mahamaya Lifesciences Ltd is 6178800.
Initial public offer of up to 61,78,800 equity shares of face value of Rs. 10/- each ("equity shares") of Mahamaya Lifesciences Limited ("MLL" or the "company") for cash at price of Rs. 114/- per equity share (including a share premium of 104/- per equity share) (the "offer price"), aggregating up to Rs. 70.44 crores ("the offer"), comprising a fresh offer of upto 56,38,800 equity shares aggregating to Rs. 64.28 crores (the "fresh offer") and an offer for sale of upto 5,40,000 equity shares (the "offered shares") of face value of Rs. 10/- each aggregating up to Rs. 6.16 crores ("offer for sale") comprising of 3,70,000 equity shares aggregating up to Rs. 4.22 crores by Krishnamurthy Ganesan and 1,70,000 equity shares aggregating up to Rs. 1.94 crores by Lalitha Krishnamurthy (collectively referred to as the "selling shareholders") out of which 3,09,600 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 114/- per equity share for cash, aggregating up to Rs. 3.53 crores will be reserved for subscription by the market maker to the offer ( the "market maker reservation portion"). The offer less market maker reservation portion i.e. net offer of 58,69,200 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 114/- per equity share for cash, aggregating up to Rs. 66.91 crores is hereinafter referred to as the "net offer". The offer and net offer will constitute 26.40% and 25.08% respectively of the post-offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.