Mason Infratech IPO Review

 
Mason Infratech IPO Review

IPO Open Date: June 24, 2024

IPO Close Date: June 26, 2024

IPO Price: ₹62 to ₹64 per share

Lot Size: 2000 Shares

Listing: July 01, 2024

Mason Infratech is scheduled to hit the market on June 24, 2024 and close on June 26, 2024. Mason Infratech plans to raise around ₹30.46 Cr through an IPO with a sale of up to 4,760,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Mason Infratech Limited, established in 2020, is a real estate construction firm specializing in residential and commercial building construction services, encompassing both new and redevelopment projects. Primarily operating within the Mumbai Metropolitan Area, the company has garnered recognition for its excellence, receiving the Corporate Excellence Award in 2022 from Brand Connect Network Private Limited for its remarkable growth as an Integrated and Collaborative Construction Company.

Focusing on the development of residential and commercial properties, Mason Infratech Limited has demonstrated substantial financial growth over the years, with its revenue escalating from ₹ 348.92 lakhs in fiscal 2020 to ₹ 6380.93 lakhs in fiscal 2023. With a dedicated team of 141 skilled staff members as of December 31, 2023, supplemented by contract labourers, the company continues to deliver quality construction services to its clientele.

Mason Infratech



Mason Infratech IPO Details

Mason Infratech IPO opens on June 24, 2024, and closes on June 26, 2024. The Listing date for Mason Infratech IPO is on July 01, 2024. The price band for IPO is ₹62 to ₹64 per share and lot size of 2000 Shares.

IPO DateJune 24, 2024 to June 26, 2024
Listing DateJuly 01, 2024
Price₹62 to ₹64 per share
Lot Size2000 Shares
Issue Size₹30.46 Cr
Face Value₹10 per share

Mason Infratech IPO Tentative Timetable

Mason Infratech opening date is June 24, 2024 and close date is June 26, 2024. The IPO allotment date is June 27, 2024. The refund initiation of IPO is on June 28, 2024. The credit of shares in demat account is on June 28, 2024. The listing date is on July 01, 2024.

EventDate
IPO OpeningJune 24, 2024
IPO ClosingJune 26, 2024
IPO Allotment DateJune 27, 2024
Refund InitiationJune 28, 2024
Shares Credit to DematJune 28, 2024
Lisiting DateJuly 01, 2024

Mason Infratech IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹128,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹128,000
Retail(Maximum)12000₹128,000
S-HNI (Minimum)24000₹256,000

Mason Infratech IPO Promoter Holding

Pre Issue Share Holding98.20%
Post Issue Share Holding71.60%

Mason Infratech IPO Review

MIL has shown significant growth in both its top and bottom lines over the past few years. For FY21, the company reported a total income of Rs. 3.50 crore and a net profit of Rs. 0.08 crore. In FY22, revenue increased to Rs. 30.11 crore with a net profit of Rs. 1.52 crore, and in FY23, revenue further grew to Rs. 64.06 crore with a net profit of Rs. 3.37 crore. For the nine months ending December 31, 2023, MIL achieved a net profit of Rs. 5.09 crore on a total income of Rs. 56.91 crore. The sudden boost in the bottom line for 9M-FY24 raises concerns about the sustainability of such performance in the future. For the last three fiscals, MIL has reported an average EPS of Rs. 1.76 and an average RoNW of 44.39%. The issue is priced at a P/BV of 6.87 based on its NAV of Rs. 9.32 as of December 31, 2023. With the post-IPO fully diluted paid-up capital, the asking price is at a P/E of 16.58, indicating that the issue is fully priced based on FY24 super annualized earnings.

MIL’s IPO aims to raise Rs. 30.46 crore by issuing 4,760,000 equity shares at a price band of Rs. 62 – Rs. 64 per share. The proceeds will be used for working capital (Rs. 19.00 crore) and general corporate purposes. Post-IPO, the company’s paid-up equity capital will increase from Rs. 12.81 crore to Rs. 17.57 crore, targeting a market capitalization of Rs. 112.46 crore at the upper price band. The issue constitutes 27.09% of the post-IPO paid-up capital. The IPO is managed by Expert Global Consultants Pvt. Ltd., with KFin Technologies Ltd. as the registrar. MIL’s track record shows that most of their recent listings have opened at premiums, enhancing the attractiveness of this IPO.

Mason Infratech Ltd. operates in a highly competitive and fragmented real estate construction segment. The company has demonstrated strong growth in both revenue and profitability, although the recent surge in the bottom line raises questions about its sustainability. The company’s ongoing projects worth Rs. 190+ crore as of March 31, 2024, indicate a healthy project pipeline. Given that the IPO is fully priced based on FY24 super annualized earnings, investors should consider the potential risks and rewards carefully. The company’s strong market presence, comprehensive service offerings, and significant growth in revenue and profitability are positive indicators. However, the competitive nature of the industry and the sudden boost in recent financial performance suggest a cautious approach. Well-informed investors with a medium-term investment horizon may find it worthwhile to park moderate funds in MIL’s IPO, banking on the company’s potential for sustained growth and profitability in the real estate construction sector.

Mason Infratech IPO Subscription Status (Bidding Details)

Table not found

Mason Infratech IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Mason Infratech IPO FAQs

What is Mason Infratech IPO?

Mason Infratech is issuing 4,760,000 equity shares with a face value of ₹10 each, totaling up to ₹30.46 Cr. The shares are being offered at a price of ₹62 to ₹64 each, with a minimum order quantity of 2000 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Mason Infratech IPO will open?

Mason Infratech will open on June 24, 2024 for QIB, NII, and Retail Investors.

When Mason Infratech IPO will end?

Mason Infratech will end on June 26, 2024.

What is Mason Infratech IPO Size?

Mason Infratech IPO size is 30.46 Cr.

What is Mason Infratech IPO Price Band?

Mason Infratech price band is ₹62 to ₹64 per share.

What is the Mason Infratech IPO Allotment Date?

Mason Infratech allotment date is June 27, 2024.

What is the Mason Infratech IPO Listing Date?

Mason Infratech listing date is July 01, 2024. The IPO is to be listed on BSE and NSE.

How to Mason Infratech IPO through Zerodha?

To apply for the IPO “Mason Infratech” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Mason Infratech IPO through Upstox?

To apply for the IPO “Mason Infratech” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Mason Infratech IPO Allotment Status?

For Mason Infratech IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Mason Infratech IPO GMP?

You can check out here: Mason Infratech IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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