Mason Infratech Limited- IPO

NiftyTrader • June 22, 2024

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Mason Infratech Limited IPO opens on Monday, June 24, 2024, and closes on Wednesday, June 26, 2024. The allotment for the Mason Infratech IPO is expected to be finalized on Thursday, June 27, 2024.

The IPO of Mason Infratech Ltd will be listed on the SEM IPO segment of the NSE on July 1, 2024.

The Mason Infratech IPO price is set at Rs 62 to 64 per share.

Mason Infratech IPO Details

IPO Date	June 24, 2024 to June 26, 2024
Listing Date	[.]
Face Value	Rs 10 per share
Price	Rs 62 to Rs 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
Shareholding pre issue	12,812,500
Shareholding post issue	17,572,500
Market Maker portion	240,000 shares

Mason Infratech IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	Rs 128,000
Retail (Max)	1	2000	Rs 128,000
HNI (Min)	2	4000	Rs 256,000

Mason Infratech IPO Objectives

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

General corporate purposes.

To meet the working capital requirements.

About Mason Infratech Ltd

Mason Infratech Ltd, incorporated in 2020, is a real estate construction company that provides construction services for both residential and commercial buildings. This includes new and redevelopment projects.

The company received the Corporate Excellence Award in 2022 for being the Fastest Growing Construction Company, as selected by Brand Connect Network Private Ltd.

Mason Infratech mainly operates in the Mumbai Metropolitan Area. The company has 141 skilled staff members and also employs a number of contract laborers to support its projects.

Mason Infratech Limited Financial Information

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

Mason Infratech IPO Timeline

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, 202
Listing Date	Monday, July 1, 2024
Cut-off time for UPI mandate confirmation	5 PM on June 26, 2024

Conclusion

Mason Infratech Limited, a rapidly growing real estate construction company, is launching its IPO from June 24 to June 26, 2024, with shares priced between Rs 62 and Rs 64. The IPO aims to raise up to Rs 30.46 crore through the issuance of 4,760,000 fresh shares. The company, which operates mainly in the Mumbai Metropolitan Area, plans to use the funds for general corporate purposes and working capital needs. Incorporated in 2020, Mason Infratech has shown remarkable financial growth, with revenues increasing by 112.76% and profits by 121.56% between FY 2022 and FY 2023. The company, awarded for its rapid growth in 2022, will list on the NSE SME segment on July 1, 2024