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Mason Infratech Limited IPO (Mason Infratech IPO) Detail

June 24, 2024 - June 26, 2024

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. The shares got listed on NSE SME on 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.

Mason Infratech IPO Details

IPO Date June 24, 2024 to June 26, 2024
Listing Date July 1, 2024
Face Value ₹10 per share
Price Band ₹62 to ₹64 per share
Lot Size 2000 Shares
Total Issue Size4,760,000 shares
(aggregating up to ₹30.46 Cr)
Fresh Issue4,760,000 shares
(aggregating up to ₹30.46 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue12,812,500
Share holding post issue17,572,500
Market Maker portion240,000 shares
Globalworth Securities

Mason Infratech IPO Reservation

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 Offered1,352,000 (28.40%)
Market Maker Shares Offered240,000 (5.04%)
QIB Shares Offered904,000 (18.99%)
NII (HNI) Shares Offered680,000 (14.29%)
Retail Shares Offered1,584,000 (33.28%)
Total Shares Offered4,760,000 (100%)

Mason Infratech IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Mason Infratech IPO Lot Size

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

Mason Infratech IPO Promoter Holding

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%

About Mason Infratech Limited

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 Financial Information (Restated)

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,166.014,206.313,018.60627.93
Revenue5,690.566,405.513,010.72349.61
Profit After Tax509.01337.01152.117.85
Net Worth1,541.18800.44512.91-0.17
Reserves and Surplus541.18
Total Borrowing1,445.17931.43556.16112.32
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Mason Infratech IPO is Rs 112.46 Cr.

KPI Values
ROE43.47%
ROCE30.98%
Debt/Equity0.94
RoNW43.47%
P/BV10.05
Pre IPO Post IPO
EPS (Rs) 2.633.86
P/E (x) 24.3316.57
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Mason Infratech IPO Objectives)

The company intends to utilize the proceeds of the issue to meet the following objects:

  1. To meet the working capital requirements.
  2. General corporate purposes

Mason Infratech IPO Review (May apply)

[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...


Mason Infratech IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB13.40
NII50.20
Retail36.59
Total32.89

Total Application : 28,979 (36.59 times)

Mason Infratech IPO Prospectus

Mason Infratech IPO Rating

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Mason Infratech IPO Listing Details

Listing Date July 1, 2024
BSE Script Code
NSE Symbol MASON
ISIN INE0SH001010
Final Issue Price ₹64 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹64.00
₹88.00
₹83.60
₹92.40
₹92.40

Check IPO Performance…

Mason Infratech Limited Contact Details

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/

Mason Infratech IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: masoninfra.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Mason Infratech IPO - Buy or Not

Mason Infratech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Mason Infratech IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Mason Infratech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Mason Infratech IPO listing date is on July 1, 2024.
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