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
