Mason Infratech IPO allotment expected today; Steps to check status online

As the ₹30.46 crore initial public offering (IPO) of Mason Infratech IPO concluded subscription on Wednesday, June 26, the focus is now on the share allotment, expected to be finalised on Thursday, June 27. According to NSE data, the IPO was subscribed 30.66 times overall, receiving bids for 10,44,92,000 shares against 31,68,000 offered.

Investors who submitted subscription bids in Mason Infratech IPO can check the allotment status online via the official websites of the issue’s registrar– Kfin Technologies Pvt Ltd – and NSE.

Steps to follow to check the Mason Infratech IPO allotment status on the registrar’s website:

• Visit the website of Kfin Technologies
• You will find 5 links. Click any one of them.
• Select the name of the IPO from the dropdown.
• You will see three modes: Application number, Demat Account number, or PAN ID. Select any one of them.
• Enter the captcha code.
• Hit "Submit."

Steps to follow to check status on NSE:

• Visit the NSE IPO allotment status page https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your username and password
• Select the issue name
• Enter PAN
• Enter IPO application number
• Click on "Submit"

After share allotment is finalised on Thursday, shares will be credited to the allottees' demat accounts on Friday, June 28, and those not allotted shares will get refunds initiated on the same day. Shares of the real estate company are likely to list on Monday, July 1 on the NSE SME platform.

Mason Infratech IPO details

Mason Infratech IPO was entirely a fresh issue of 47.6 lakh shares. The issue opened for subscription on Monday, June 24, with a price band of ₹62 to ₹64 per share. On offer were 47.6 lakh shares, to raise ₹30.46 crore.

Expert Global Consultants Private Limited was appointed as the book-running lead manager. while Globalworth Securities was the market maker for the issue.

Mason Infratech IPO subscription details

The retail category of Mason Infratech IPO was subscribed 36.61 times, receiving bids for 5,79,96,000 shares against 15,84,000 offered.

The category reserved for non-institutional investors (NIIs) saw a subscription of 50.56 times, receiving bids for 3,43,82,000 shares against 6,80,000 offered, while the segment of qualified institutional buyers(QIBs) was subscribed 13.40 times, receiving bids for 1,21,14,000 shares against 9,04,000 offered.

About Mason Infratech

A real estate construction company, Mason Infratech began its operations in 2020. It mainly operates in the Mumbai Metropolitan Area, providing construction services for residential and commercial buildings.

The company’s revenue for FY21 stood at ₹3.5 crore, which rose to nearly ₹30.11 crore in FY22 and ₹64.1 crore in FY23. For the first nine months of the last financial year (FY24), the company earned a revenue of ₹56.91 crore.

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