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Mason Infratech Limited, founded in 2020 is a real estate construction company based in the Mumbai Metropolitan Area. They handle construction projects for both new and redeveloped residential and commercial buildings. In 2022, they received the Corporate Excellence Award from Brand Connect Network Private Limited for being the fastest growing construction company known for their integrated and collaborative approach.
Mason Infratech IPO Overview
Mason Infratech plans to raise ₹30.46 crores through its IPO, which will involve only fresh shares. The share price for the IPO is set between ₹62 -₹64 per share.
Sylvan IPO will be open from 24 to 26 June. Share allotment for Mason Infratech is expected to take place by June 27, 2024 and the shares are scheduled to be listed on NSE SME segment by July 1, 2024.
Currently, the company is 98.20% owned by Ashutosh Juthani, Asit Thakkar Dattani and Smeet Thakkar Dattani. Once the company goes public their combined ownership will decrease to 71.60%. Kfin Technologies will handle registration for Mason Infratech’s IPO.
Mason Infratech IPO GMP
As of June 20, Mason Infratech IPO has a Grey Market Premium of ₹0. With the upper price band set at ₹64, the estimated listing price is ₹64 (Upper price band + today’s GMP). Indicating a gain of 0% per share.
Stay tuned with Trade Target for daily updates on Mason Infratech IPO GMP and the expected listing price.
- Date: 27– June – 2024
- Mason Infratech GMP: ₹15 (23.44%)
- Date: 26– June – 2024
- Mason Infratech GMP: ₹15 (23.44%)
- Date: 25– June – 2024
- Mason Infratech GMP: ₹15 (23.44%)
- Date: 24– June – 2024
- Mason Infratech GMP: ₹15 (23.44%)
- Date: 23– June – 2024
- Mason Infratech GMP: ₹0 (0%)
- Date: 22– June – 2024
- Mason Infratech GMP: ₹0 (0%)
- Date: 21– June – 2024
- Mason Infratech GMP: ₹0 (0%)
- Date: 20– June – 2024
- Mason Infratech GMP: ₹0 (0%)
- Date: 19– June – 2024
- Mason Infratech GMP: ₹0 (0%)
How can one apply for Mason Infratech IPO?
For retail investors minimum investment starts with 1 lot including 2,000 shares at a cost of ₹128,000 and this is the maximum limit for retail investors to apply in Mason Infratech IPO.
For HNIs minimum investment in Mason Infratech’s IPO is set at 2 lots which includes 4,000 shares and costs ₹256,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
2000 |
₹128,000
|
|
Retail (Max) |
1 |
2000 |
₹128,000
|
|
S-HNI (Min) |
2 |
4000 |
₹256,000
|
Mason Infratech IPO Financial
As of March 31, 2023, Mason Infratech reported a Profit After Tax of ₹337.01 lakhs.This shows a steady increase from the previous years with a PAT of ₹152.11 lakhs on March 31, 2022 and ₹7.85 lakhs on March 31, 2021.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
4,206.31
|
3,018.60
|
627.93
|
|
Revenue (₹ Lakhs) |
6,405.51
|
3,010.72
|
349.61
|
|
PAT (₹ Lakhs)
|
337.01
|
152.11
|
7.85
|
|
Total Borrowing (₹ Lakhs)
|
931.43
|
556.16
|
112.32
|
Mason Infratech Vs Peers
Mason Infratech has very low EPS and decent P/E in comparison to its peers. Higher EPS is always considered good.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
Mason Infratech Limited
|
2.68 |
24.33
|
|
Capacit'e Infraproject Limited
|
14.04
|
22.13
|
|
Atal Realtech Limited
|
1.47
|
4.9
|
Mason Infratech IPO Quota allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Expected Listing Date for Mason Infratech IPO
- Subscription Period: 24 June to 26 June
- Basis of Allotment Finalization: 27 June 2024
- Initiation of Refunds: 28 June 2024
- Demat Credits: 28 June 2024
- Listing Date: 1 July 2024
- Listing on: NSE SME
