Mason Infratech IPO will open for subscription from 24 June 2024. The company aims for an issue size of ₹30.46 Cr through this IPO.
Company Overview
| Full name | Mason Infratech Limited |
| Sector | Realty |
| Industry | Construction – Real Estate |
| Company Website | https://www.masoninfra.com/ |
About Company
Founded in 2020, Mason Infratech is a real estate construction firm that offers services for both residential and commercial building projects, including new constructions and redevelopments. The company excels in handling civil contracts and is also involved in lifestyle projects and high-value standalone buildings. The company primarily operates in the Mumbai Metropolitan Area.
The company focuses on residential and commercial buildings, witnessing a revenue growth from INR 3.49 crore in fiscal 2020 to INR 63.81 crore in fiscal 2023. As of 31 March 2024, the Order Book stands at INR 191.82 crore, encompassing eight ongoing projects. As of 31 December 2023, the company employed 141 skilled staff members and relied on various contract laborers to support its projects.
The Objectives of the Issue
- To meet the working capital requirements.
- General corporate purposes
Mason Infratech IPO Timetable
| IPO Opening date | 24 June 2024 |
| IPO Closing | 26 June 2024 |
| Basis of Allotment | 27 June 2024 |
| Initiation Refund | 28 June 2024 |
| Credit to Demat Account | 28 June 2024 |
| Listing Date | 01 July 2024 |
Mason Infratech IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹30.46 Cr – 4,760,000 shares |
| Fresh Issue | ₹30.46 Cr – 4,760,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹62 to ₹64 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 240,000 shares |
| Shareholding pre-issue | 12,812,500 |
| Shareholding post-issue | 17,572,500 |
| Listing Exchange | NSE SME |
Mason Infratech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
Mason Infratech Offer Documents
Mason Infratech IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 3.49 | 30.09 | 63.81 | 56.72 |
| Expenses | 3.40 | 28.45 | 59.94 | 50.07 |
| Net income | 0.08 | 1.52 | 3.37 | 5.09 |
Mason Infratech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.06 | 1.21 | 2.68 |
| PE ratio | – | – | 23.13 – 23.88 |
| RONW (%) | (6.29) | 59.33 | 51.32 |
| NAV | 0.00 | 4.08 | 6.37 |
| ROCE (%) | (18.53) | 37.28 | 35.73 |
| EBITDA (%) | 7.76 | 9.17 | 9.48 |
| Debt/Equity | (645.62) | 1.08 | 1.16 |
Company Promoters
- Asit Thakkar Dattani
- Ashutosh Juthani
- Smeet Thakkar Dattani.
Promoter Holding
| Pre Issue Share Holding | 98.20% |
| Post Issue Share Holding | 71.60% |
Mason Infratech Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 June 2024 | 15 | – | 18,500 |
| 26 June 2024 | 15 | – | 18,500 |
| 25 June 2024 | 13 | – | 16,500 |
| 24 June 2024 | 10 | – | 11,500 |
| 22 June 2024 | 10 | – | 11,700 |
| 21 June 2024 | 10 | – | 11,700 |
| 20 June 2024 | 10 | – | 11,700 |
Mason Infratech IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,04,000 | 6,80,000 | 15,84,000 | 31,68,000 |
| 26 Jun 2024 | 13.40 | 50.55 | 36.59 | 32.97 |
| 25 Jun 2024 | 0.00 | 2.60 | 7.17 | 4.14 |
| 24 Jun 2024 | 0.00 | 0.61 | 1.52 | 0.89 |
Mason Infratech IPO Allotment Status
Mason Infratech IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Mason Infratech IPO Listing Details
| Listing Date | |
| BSE Scrip Code | |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Mason Infratech IPO Listing Day Update
| Listing Exchange | |
| Final Issue Price | |
| Open | |
| Low | |
| High | |
| Last Trade |
Mason Infratech Lead Manager(s)
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone: +91 011 4509 8234
Email: ipo@expertglobal.in
Website: www.expertglobal.in
Mason Infratech Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: masoninfra.ipo@kfintech.com
Website: www.kfintech.com
Mason Infratech Contact Details
MASON INFRATECH LIMITED
Flat No. 103, Imperia, Mahavir Millenium, Vasant Vihar,
Pokhran Road, No. 2, Thane- 400610, Maharashtra
Phone: +91 8828824599
E-mail: info@masoninfra.com
Website: www.masoninfra.com
Mason Infratech IPO FAQs
What is the Mason Infratech offer size?
Mason Infratech’s offer size is ₹ 29.51 – 30.46 crores.
What is the Mason Infratech offer price band?
Mason Infratech’s public offer price is ₹ 62 – 64 per share.
What is the lot size of the Mason Infratech Offer?
Mason Infratech offer a lot size is 2,000 shares.
What is Mason Infratech Offer GMP today?
Mason Infratech IPO GMP today is ₹ 15 per share.
What is the Mason Infratech kostak rate today?
Mason Infratech kostak rate today is ₹ NA per application.
What is Mason Infratech Subject to the Sauda rate today?
Mason Infratech is Subject to the Sauda rate today is ₹ 18,500 per application.
Final thoughts
Mason Infratech IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
