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 opens for subscription on June 24, 2024 and closes on June 26, 2024. The allotment for the Mason Infratech IPO is expected to be finalized on Thursday, June 27, 2024. Mason Infratech IPO will list on NSE SME with tentative listing date fixed as Monday, 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 | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹62 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,760,000 shares (aggregating up to ₹30.46 Cr) |
| Fresh Issue | 4,760,000 shares (aggregating up to ₹30.46 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,812,500 |
| Share holding post issue | 17,572,500 |
| Market Maker portion | 240,000 shares Globalworth Securities |
Mason Infratech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
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 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 |
| Revenue | 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 | ||||
Key Performance Indicator
The market capitalization of Mason Infratech IPO is Rs 112.46 Cr.
| KPI | Values |
|---|---|
| ROE | 43.47% |
| ROCE | 30.98% |
| Debt/Equity | 0.94 |
| RoNW | 43.47% |
| P/BV | 10.05 |
Check Mason Infratech IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.63 | 3.86 |
| P/E (x) | 24.33 | 16.57 |
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:
- To meet the working capital requirements.
- 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 Prospectus
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/