Mason Infratech IPO subscribed 89% on day 1: Check price band, lot size and other details

The initial public offer (IPO) of Mason Infratech (Mason Infratech Limited) garnered modest demand on the first day of bidding on Monday, June 24. The public issue was subscribed 0.89 times as investors placed bids for 28.24 lakh shares against 31.68 lakh shares on offer.

Retail investors placed bids for 24.06 lakh shares compared to the 15.84 lakh shares on offer, leading to a subscription of 1.51 times on the first day of bidding.

Non-Institutional Investors (NII) placed bids for 4.18 lakh shares compared to the 6.8 lakh shares set aside for them. The NII allocation of the IPO was subscribed to 61%.

No bids were received for 9.04 lakh shares offered in the Qualified Institutional Buyers (QIBs) category.

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Mason Infratech IPO offer size and price band

The real estate construction company’s public issue is a 100% book-built issue aimed at raising ₹30.46 crore through the fresh issue of 47.6 lakh shares. Mason Infratech's IPO price band has been fixed in the range of ₹62 to ₹64 per share.

Mason Infratech IPO lot size and minimum investment

Retail investors can bid for the public issue by bidding for a minimum lot size of 2000 shares totalling an investment of ₹1,28,000. High Networth Individuals can place bids for a minimum lot size of 2 lots or 4000 shares aggregation to ₹2,56,000.

Mason Infratech IPO: Subscription window, listing date, allotment date

The subscription for Mason Infratech IPO will remain open from Monday, June 24, to Wednesday, June 26. The share allotment status for the Mason Infratech IPO is likely to be finalised on Thursday, June 27. Successful bidders will receive shares of Mason Infratech in their demat accounts on June 28 along with refunds for non-allottees.

Shares of Mason Infratech are scheduled to be listed on NSE’s SME platform, Emerge, on July 1, Monday.

Mason Infratech Limited IPO registrar

The book-running lead manager for Mason Infratech Limited IPO is Expert Global Consultants Private Limited and the registrar for the NSE SME issue is Kfin Technologies Limited. Globalworth Securities has been appointed as the market maker for the public issue.

Mason Infratech Limited: Key financials

In the 9-month period that ended on December 31, 2023, Mason Infratech posted a revenue of ₹56.9 crore. The real estate company posted a Profit After Tax (PAT) of ₹ 5.09 crore during the period.

Mason Infratech achieved a growth of nearly 113% in revenue for the financial year ended March 31, 2023. The revenue surged to ₹64.05 crore against ₹30.1 crore in the preceding fiscal year. Mason Infratech posted a PAT of ₹3.37 crore compared to ₹1.52 crore in FY22, witnessing a growth of nearly 122%. The company’s net worth for FY23 surged over 56% to ₹8 crore compared to ₹5.12 crore on a year-on-year basis.

Mason Infratech Limited IPO objective

The company will use the money raised via the public issue to meet working capital requirements and fulfil general corporate purposes.

About Mason Infratech Limited

Mason Infratech Limited was incorporated in 2020 and is engaged in the real estate construction business. The company provides construction services for residential, corporate and commercial buildings. Mason Infratech Limited mainly operates in the Mumbai Metropolitan Area.

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