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Mason Infratech IPO is a book build issue of ₹30.46 crores. The issue is entirely a fresh issue of 0.48 crore shares of ₹30.46 crore.
Mason Infratech IPO bidding started from Jun 24, 2024 and ended on Jun 26, 2024. The allotment for Mason Infratech IPO was finalized on Jun 27, 2024. The shares got listed on NSE SME on Jul 1, 2024.
Mason Infratech IPO price band is set at ₹64.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,24,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,56,000.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Globalworth Securities Ltd..
Refer to Mason Infratech IPO RHP for detailed Information.
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | July 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹62 to ₹64 per share |
| Issue Price Final | ₹64 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 47,60,000 shares (aggregating up to ₹30.46 Cr) |
| Reserved for Market Maker | 2,40,000 shares Globalworth Securities Ltd. (aggregating up to ₹1.54 Cr) |
| Net Offered to Public | 45,20,000 shares (aggregating up to ₹28.93 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,28,12,500 shares |
| Share Holding Post Issue | 1,75,72,500 shares |
Mason Infratech IPO offers total 47,60,000 shares. Out of which 22,56,000 (47.39%) allocated to QIB, 9,04,000 (18.99%) allocated to QIB, 6,80,000 (14.29%) allocated to NII, 15,84,000 (33.28%) allocated to RII and 13,52,000 (28.40%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.04%) |
| QIB Shares Offered | 22,56,000 (47.39%) |
| − Anchor Investor Shares Offered | 13,52,000 (28.40%) |
| − QIB (Ex. Anchor) Shares Offered | 9,04,000 (18.99%) |
| NII (HNI) Shares Offered | 6,80,000 (14.29%) |
| Retail Shares Offered | 15,84,000 (33.28%) |
| Total Shares Offered | 47,60,000 (100.00%) |
Mason Infratech IPO raises ₹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 | 13,52,000 |
| 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 | Mon, Jun 24, 2024 |
| IPO Close Date | Wed, Jun 26, 2024 |
| Tentative Allotment | Thu, Jun 27, 2024 |
| Initiation of Refunds | Fri, Jun 28, 2024 |
| Credit of Shares to Demat | Fri, Jun 28, 2024 |
| Tentative Listing Date | Mon, Jul 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 26, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,28,000 |
| Retail (Max) | 1 | 2,000 | ₹1,28,000 |
| HNI (Min) | 2 | 4,000 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| 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 | ||||
The market capitalization of Mason Infratech IPO is ₹112.46 Cr.
| KPI | Values |
|---|---|
| ROE | 43.47% |
| ROCE | 30.98% |
| Debt/Equity | 0.94 |
| RoNW | 43.47% |
| Price to Book Value | 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...
| Listing Date | July 1, 2024 |
| BSE Script Code | |
| NSE Symbol | MASON |
| ISIN | INE0SH001010 |
| Final Issue Price | ₹64 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹64.00 |
| Open | ₹88.00 |
| Low | ₹83.60 |
| High | ₹92.40 |
| Last Trade | ₹92.40 |
Mason Infratech Ltd.
Flat No. 103, Imperia, Mahavir Millenium
Vasant Vihar, Pokhran Road, No. 2
Thane - 400610
Thane, Maharashtra
Phone: +91 88288 24599
Email: info@masoninfra.com
Website: https://www.masoninfra.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: masoninfra.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Mason Infratech IPO is a SME IPO of 47,60,000 equity shares of the face value of ₹10 aggregating up to ₹30.46 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 2000.
The IPO opens on June 24, 2024, and closes on June 26, 2024.
Kfin Technologies Ltd. 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, and the minimum amount required for application is ₹1,28,000.
You can apply in Mason Infratech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Monday, July 1, 2024.
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