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Mason Infratech IPO is a book built issue of Rs 30.46 crores. The issue is entirely a fresh issue of 47.6 lakh shares.
Mason Infratech IPO bidding started from June 24, 2024 and ended on June 26, 2024. The allotment for Mason Infratech IPO was finalized on Thursday, June 27, 2024. Mason Infratech IPO will list on NSE SME with tentative listing date fixed as Monday, July 1, 2024.
Mason Infratech IPO price band is set at ₹62 to ₹64 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹256,000.
Expert Global Consultants Private Limited is the book running lead manager of the Mason Infratech IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Mason Infratech IPO is Globalworth Securities.
Refer to Mason Infratech IPO RHP for detailed information.
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹62 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,760,000 shares (aggregating up to ₹30.46 Cr) |
| Fresh Issue | 4,760,000 shares (aggregating up to ₹30.46 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,812,500 |
| Share holding post issue | 17,572,500 |
| Market Maker portion | 240,000 shares Globalworth Securities |
Mason Infratech IPO offers 4,760,000 shares. 904,000 (18.99%) to QIB, 680,000 (14.29%) to NII, 1,584,000 (33.28%) to RII and 1,352,000 (28.40%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,352,000 (28.40%) |
| Market Maker Shares Offered | 240,000 (5.04%) |
| QIB Shares Offered | 904,000 (18.99%) |
| NII (HNI) Shares Offered | 680,000 (14.29%) |
| Retail Shares Offered | 1,584,000 (33.28%) |
| Total Shares Offered | 4,760,000 (100%) |
Mason Infratech IPO raises Rs 8.65 crore from anchor investors. Mason Infratech IPO Anchor bid date is June 21, 2024. Mason Infratech IPO Anchor Investors list
| Bid Date | June 21, 2024 |
| Shares Offered | 1,352,000 |
| Anchor Portion Size (In Cr.) | 8.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 25, 2024 |
Mason Infratech IPO opens on June 24, 2024, and closes on June 26, 2024.
| IPO Open Date | Monday, June 24, 2024 |
| IPO Close Date | Wednesday, June 26, 2024 |
| Basis of Allotment | Thursday, June 27, 2024 |
| Initiation of Refunds | Friday, June 28, 2024 |
| Credit of Shares to Demat | Friday, June 28, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
| Lot Size Calculator | |||
The promoters of the company are Asit Thakkar Dattani, Ashutosh Juthani and Smeet Thakkar Dattani.
| Share Holding Pre Issue | 98.20% |
| Share Holding Post Issue | 71.60% |
Incorporated in 2020, Mason Infratech Limited is a real estate construction company that provides construction services for both residential and commercial buildings, including new and redevelopment projects.
The company offers comprehensive construction services for residential, corporate, and commercial buildings.
The company mainly operates in the Mumbai Metropolitan Area.
The company was honoured with a Corporate Excellence Award in 2022 for being the Fastest Growing Construction Company (Integrated and Collaborative Working) by Brand Connect Network Private Limited.
The company focuses on residential and commercial buildings, with revenue increasing from ₹ 348.92 lakhs in fiscal 2020 to ₹ 6380.93 lakhs in fiscal 2023.
As of December 31, 2023, the company had 141 skilled staff members and utilized various contract labourers to support its projects.
Mason Infratech Limited's revenue increased by 112.76% and profit after tax (PAT) rose by 121.56% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,166.01 | 4,206.31 | 3,018.60 | 627.93 |
| Revenue | 5,690.56 | 6,405.51 | 3,010.72 | 349.61 |
| Profit After Tax | 509.01 | 337.01 | 152.11 | 7.85 |
| Net Worth | 1,541.18 | 800.44 | 512.91 | -0.17 |
| Reserves and Surplus | 541.18 | |||
| Total Borrowing | 1,445.17 | 931.43 | 556.16 | 112.32 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Mason Infratech IPO is Rs 112.46 Cr.
| KPI | Values |
|---|---|
| ROE | 43.47% |
| ROCE | 30.98% |
| Debt/Equity | 0.94 |
| RoNW | 43.47% |
| P/BV | 10.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.63 | 3.86 |
| P/E (x) | 24.33 | 16.57 |
The company intends to utilize the proceeds of the issue to meet the following objects:
[Dilip Davda] The company is engaged in real estate constructions and providing related services. It is operating in a highly competitive and fragmented segment. It has ongoing projects worth Rs. 190+ cr. as of March 31, 2024. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park moderate fund for medium term. Read detail review...
The Mason Infratech IPO is subscribed 32.89 times on June 26, 2024 6:19:57 PM. The public issue subscribed 36.59 times in the retail category, 13.40 times in the QIB category, and 50.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 13.40 |
| NII | 50.20 |
| Retail | 36.59 |
| Total | 32.89 |
Total Application : 28,979 (36.59 times)
Mason Infratech Limited
Flat No. 103, Imperia, Mahavir Millenium
Vasant Vihar, Pokhran Road, No. 2
Thane - 400610
Phone: +91 88288 24599
Email: info@masoninfra.com
Website: https://www.masoninfra.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: masoninfra.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Mason Infratech IPO is a SME IPO of 4,760,000 equity shares of the face value of ₹10 aggregating up to ₹30.46 Crores. The issue is priced at ₹62 to ₹64 per share. The minimum order quantity is 2000 Shares.
The IPO opens on June 24, 2024, and closes on June 26, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Mason Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in Mason Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mason Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mason Infratech IPO opens on June 24, 2024 and closes on June 26, 2024.
Mason Infratech IPO lot size is 2000 Shares, and the minimum amount required is ₹128,000.
You can apply in Mason Infratech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mason Infratech IPO will be done on Thursday, June 27, 2024, and the allotted shares will be credited to your demat account by Friday, June 28, 2024. Check the Mason Infratech IPO allotment status.
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