Mason Infratech Limited IPO Detail
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.
Company Promoters
Asit Thakkar Dattani, Ashutosh Juthani and Smeet Thakkar Dattani.IPO Details
| IPO Opening Date | Jun 24, 2024 |
| IPO Closing Date | Jun 26, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 - 64 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹30.46 Cr |
| Fresh Issue | ₹30.46 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.63x | 1.61x | 0.94x |
| Day 2 | 0.00x | 0.00x | 0.00x | 2.26x | 7.36x | 4.16x |
| Day 3 | 13.40x | 0.00x | 0.00x | 50.20x | 36.59x | 32.89x |
IPO Tentative Timetable
The Mason Infratech Limited IPO open date is Jun 24, 2024, and the close date is Jun 26, 2024. The issue may list on Jul 01, 2024.
| IPO Open Date | Jun 24, 2024 |
| IPO Close Date | Jun 26, 2024 |
| Basis of Allotment Date | Jun 27, 2024 |
| Initiation of Refunds | Jun 28, 2024 |
| Credit of Shares to Demat Account | Jun 28, 2024 |
| IPO Listing Date | Jul 01, 2024 |
IPO Lot Size
The Mason Infratech Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹128000 |
| Maximum | 1 | 2000 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.20% |
| Post Issue Share Holding | 71.60% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 627.93 | 349.61 | 7.85 |
| 31-Mar-22 | 3018.60 | 3010.72 | 152.11 |
| 31-Mar-23 | 4206.31 | 6405.51 | 337.01 |
| 31-Dec-23 | 6166.01 | 5690.56 | 509.01 |
Objects of the 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 IPO Registrar:
KFin Technologies Limited
Mason Infratech Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
Mason Infratech Limited
Flat No. 103, Imperia, Mahavir Millenium
Vasant Vihar, Pokhran Road, No. 2
Thane - 400610
