Bookbuilding IPO | ₹30 Cr | Listed at NSE SME | Mon, Jun 24, 2024 - Wed, Jun 26, 2024
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,28,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Jun 24, 2024
IPO Close
Wed, Jun 26, 2024
Issue Price
₹64 per share
Market Cap (Pre-IPO)
₹112.46 Cr
| IPO Date | 24 to 26 Jun, 2024 |
| Listed on | Mon, Jul 1, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹62 to ₹64 |
| Issue Price | ₹64 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 47,60,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 2,40,000 shares Globalworth Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 45,20,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 45,20,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 1,28,12,500 shares |
| Share Holding Post Issue | 1,75,72,500 shares |
| NSE Symbol | MASON |
| ISIN | INE0SH001010 |
Mason Infratech IPO comprises a total issue size of 47,60,000 shares. The net offer to the public is 45,20,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 22,56,000 (49.91%) are allocated to QIB, 6,80,000 (15.04%) allocated to NII 15,84,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,56,000 | 49.91% | 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 | 15.04% | 14.29% |
| Retail Shares Offered | 15,84,000 | 35.04% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,40,000 | 5.04% | |
| Total Shares Offered | 47,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
Mason Infratech IPO raises ₹8.65 crore from anchor investors. Mason Infratech IPO Anchor bid date is June 21, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 21, 2024 |
| Shares Offered | 13,52,000 |
| Anchor Portion (₹ Cr.) | 8.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 25, 2024 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 61.66 | 42.06 | 30.19 | 6.28 |
| Total Income | 56.91 | 64.06 | 30.11 | 3.50 |
| Profit After Tax | 5.09 | 3.37 | 1.52 | 0.08 |
| NET Worth | 15.41 | 8.00 | 5.13 | -0.00 |
| Reserves and Surplus | 5.41 | |||
| Total Borrowing | 14.45 | 9.31 | 5.56 | 1.12 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 19.00 |
| 2 | General Corporate Purpose | 7.43 |
| KPI | |
|---|---|
| ROE | 43.47% |
| ROCE | 30.98% |
| Debt/Equity | 0.94 |
| RoNW | 43.47% |
| PAT Margin | 5.28% |
| Price to Book Value | 10.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.63 | 3.86 |
| P/E (x) | 24.33 | 16.57 |
| Promoter Holding | 98.20% | 71.60% |
| Market Cap | ₹112.46 Cr. |
The Mason Infratech IPO is subscribed 32.89 times on June 26, 2024 6:19:57 PM (Day 3). The public issue subscribed 36.59 times in the retail category, 13.4 times in the QIB category, and 50.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 13.4 | 9,04,000 | 1,21,14,000 |
| NII* | 50.2 | 6,80,000 | 3,41,36,000 |
| Retail | 36.59 | 15,84,000 | 5,79,58,000 |
| Total | 32.89 | 31,68,000 | 10,42,08,000 |
Total Application : 28,979
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Book Running Lead manager Fixed Fee, Registrar to the Issue, Legal Advisors, Auditors, statutory advertisements and other expenses incurred / to be incurred including promotional expenses | 2.28 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDP | 1.49 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses | 0.26 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹64.00 |
| Open | ₹88.00 |
| Low | ₹83.60 |
| High | ₹92.40 |
| Last Trade | ₹92.40 |
Lead Manager Reports
Mason Infratech IPO is a SME IPO of 47,60,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Jun 24, 2024, and closes on Wed, Jun 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 Mon, Jun 24, 2024 and closes on Wed, Jun 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 Fri, Jun 28, 2024. Check the Mason Infratech IPO allotment status.
The Mason Infratech IPO listing date is on Mon, Jul 1, 2024.
