Effwa Infra IPO vs Mason Infratech IPO

Comparison between Effwa Infra IPO and Mason Infratech IPO.

IPO Details

Effwa Infra IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Mason Infratech IPO is a SME Bookbuilding proposed to list at NSE SME.

	Effwa Infra IPO	Mason Infratech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	Expert Global Consultants Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Rikhav Securities Ltd.	Globalworth Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Effwa Infra IPO is up to ₹48.61 Cr whereas the issue size of the Mason Infratech IPO is up to ₹28.93 Cr. The final issue price of Effwa Infra IPO is ₹82.00 per share and of Mason Infratech IPO is ₹64.00 per share.

	Effwa Infra IPO	Mason Infratech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹78.00 per share	₹62.00 per share
Issue Price (Upper)	₹82.00 per share	₹64.00 per share
Issue Price (Final)	₹82.00 per share	₹64.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	49,92,000 shares	45,20,000 shares
Fresh Issue Size (Amount)	up to ₹40.93 Cr	up to ₹28.93 Cr
OFS Issue Size	9,36,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹7.68 Cr	up to ₹0.00 Cr
Issue Size Total	59,28,000 shares	45,20,000 shares
Issue Size Total (Amount)	up to ₹48.61 Cr	up to ₹28.93 Cr

IPO Timetable

Effwa Infra IPO opens on Jul 05, 2024, while Mason Infratech IPO opens on Jun 24, 2024. The closing date of Effwa Infra IPO and Mason Infratech IPO is Jul 09, 2024, and Jun 26, 2024, respectively.

	Effwa Infra IPO	Mason Infratech IPO
Anchor Bid Date	Jul 04, 2024	Jun 21, 2024
Issue Open	Jul 05, 2024	Jun 24, 2024
Issue Close	Jul 09, 2024	Jun 26, 2024
Basis Of Allotment (Tentative)	Jul 10, 2024	Jun 27, 2024
Initiation of Refunds (Tentative)	Jul 11, 2024	Jun 28, 2024
Credit of Share (Tentative)	Jul 11, 2024	Jun 28, 2024
Listing date (Tentative)	Jul 12, 2024	Jul 01, 2024
Anchor Lockin End date 1	Aug 09, 2024	Jul 27, 2024
Anchor Lockin End date 2	Oct 08, 2024	Sep 25, 2024

Financials & KPIs

Effwa Infra IPO P/E ratio is 10.59, as compared to Mason Infratech IPO P/E ratio of 24.33.

Effwa Infra IPO

Mason Infratech IPO

Financials

Effwa Infra & Research Limited Financial Information (Restated)

Effwa Infra & Research Limited's revenue increased by 26.08% and profit after tax (PAT) rose by 169% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,302.83	6,478.54	4,648.21
Total Income	14,551.46	11,541.36	10,461.67
Profit After Tax	1,380.06	513.04	459.99
Net Worth	3,715.05	2,355.89	1,842.85
Reserves and Surplus	1,932.01	2,123.32	1,610.28
Total Borrowing	1,406.44	1,623.01	1,026.11
Amount in ₹ Lakhs

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 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
Total Income	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

Promoter Shareholding (Pre-Issue)

99.99

98.20

Promoter Shareholding (Post-Issue)

72.99

71.60

P/E Ratio

10.59

24.33

Market Cap

₹189.81 Cr.

₹112.46 Cr.

ROE

45.46%

43.47%

ROCE

40.99%

30.98%

Debt/Equity

0.38

0.94

EPS

₹7.74

₹2.63

RoNW

37.15%

43.47%

Shares Offered

In the Effwa Infra IPO Retail Individual Investors (RII) are offered 20,91,200 shares while in Mason Infratech IPO retail investors are offered 20,91,200 shares. Qualified Institutional Buyers (QIB) are offered 11,68,000 shares in Effwa Infra IPO and 9,04,000 shares in Mason Infratech IPO.

	Effwa Infra IPO	Mason Infratech IPO
Anchor Investor Reserveration	17,48,800 shares	13,52,000 shares
Market Maker Reserveration	3,24,800 shares	2,40,000 shares
QIB	11,68,000 shares	9,04,000 shares
NII	9,20,000 shares	6,80,000 shares
RII	20,91,200 shares	15,84,000 shares
Employee
Others
Total	59,28,000 shares	45,20,000 shares

Bids Received (Subscription)

Effwa Infra IPO subscribed 313.65x in total, whereas Mason Infratech IPO subscribed 32.89x.

	Effwa Infra IPO	Mason Infratech IPO
QIB (times)	166.56x	13.40x
NII (times)	477.27x	50.20x
Big NII (times)
Small NII (times)
RII (times)	323.81x	36.59x
Employee (times)
Other (times)
Total (times)	313.65x	32.89x

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