Mason Infratech is a real estate construction company providing construction services for residential as well as commercial buildings of new and redevelopment projects. It specializes in executing civil contracts. It is also working on lifestyle projects and high-value standalone buildings.
| Bidding Dates |
|---|
| 24 Jun 2024 - 26 Jun 2024 |
| Subscription |
|---|
| 30.66x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 2000 | 4.8 M | ₹62 - ₹64 | 71.6 % | ₹295.1 M - ₹304.6 M | RHP DOC |
Mason Infratech IPO SUBSCRIPTION STATUS
26 Jun '24Mason Infratech IPO overall subscription rate was 30.66 times the total available shares
Mason Infratech IPO retail subscription rate was 48.62 times in the retail segment
Mason Infratech IPO non-institutional investor subscription rate was 67.26 times in the non-institutional investor category
Mason Infratech IPO Qualified Institutional Bidder subscription rate was 4.15 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Jun 2024 (Day 3) | 48.62x | 67.26x | 4.15x |
25 Jun 2024 (Day 2) | 9.53x | 3.45x | 1.5x |
24 Jun 2024 (Day 1) | 2.02x | 0.82x | 0x |
Mason Infratech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 50.9 | 567.2 | 58.2 | 15.2 | 15.7% |
| FY23 | 33.7 | 638.1 | 21.3 | -7.1 | 9.5% |
| FY22 | 15.2 | 300.9 | -27.3 | -53.2 | 9.2% |
| FY21 | 0.8 | 34.9 | -3.6 | -30.3 | 7.8% |
Mason Infratech IPO SUBSCRIPTION STATUS DETAILS
Mason Infratech had 4.8 M shares on offer
Mason Infratech IPO offer price was in the range ₹62 - ₹64
Mason Infratech IPO minimum Investment was ₹124000
Mason Infratech IPO issue size was ₹ 295.1 M - ₹ 304.6 M
Mason Infratech had a minimum lot size of 2000 Shares per application
Mason Infratech NUMBER OF SHARES ON OFFER
Mason Infratech IPO IMPORTANT DATES
| Issue Open Date | 24 Jun 2024 |
| Issue close Date | 26 Jun 2024 |
| Allotment Date | 27 Jun 2024 |
| Refund Date | 28 Jun 2024 |
| Demat Account Credit Date | 28 Jun 2024 |
| Listing Date | 01 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Mason Infratech Allotment Status | Exchange |
Mason Infratech IPO subscription opened on 24 Jun 2024, and closed on 26 Jun 2024
IPO allotment for Mason Infratech was finalized on Thursday, 27 Jun 2024
IPO listing for Mason Infratech was on NSE on Monday, 01 Jul 2024
Mason Infratech IPO LISTING GAINS
| Issue Price (adjusted) | 64.0 |
| Listing Open Price | 88.0 |
| Listing Close Price | 92.4 |
| Listing Gain% | 37.5% |
| Current Gain% | 87.3% |
Mason Infratech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mason Infratech Ltd. | 119.8 | 210.6 | 13.1 | -2.2 | 1.6 | 13.2 | 7.4 | 133.7 | 19.1 | 21.9 | 28 | 9.1 | -6 |
| DLF Ltd. | 642 | 158915 | 35.7 | -41.3 | 23.5 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1218.7 | 121763.9 | 29.5 | 0.8 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Prestige Estates Projects Ltd. | 1584.8 | 68262.1 | 59.9 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1895.5 | 67795.2 | 53 | 1.8 | 14.9 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1775 | 64539.4 | 24.5 | 0.9 | 10.2 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
Mason Infratech INFORMATION ON IPO ISSUE
About Mason Infratech
Mason Infratech is a real estate construction company providing construction services for residential as well as commercial buildings of new and redevelopment projects. It specializes in executing civil contracts. It is also working on lifestyle projects and high-value standalone buildings.
Object of the Issue
- To meet the working capital requirements
- General corporate purposes
Mason Infratech - PROMOTERS
| Name |
|---|
| Asit Thakkar Dattani |
| Ashutosh Juthani |
| Smeet Thakkar |
Mason Infratech Lead Manager to the Issue
Expert Global Consultants Private Limited
ipo@expertglobal.in
Mason Infratech Registrar to the issue
Kfin Technologies Private Limited
masoninfra.ipo@kfintech.com
Mason Infratech Strengths
Customer-centric approach
The company strives to understand the unique requirements of each client and tailors its services accordingly. By providing personalized attention and maintaining clear communication channels, it fosters strong, long-term partnerships with its clients
Core assets
The company's construction capabilities encompass the utilization of cutting-edge technologies, including temperature-controlled concrete for large-scale pours, self-compacting free-flow concrete for heavily reinforced structures, and specialized concrete designed for vertical pumping in skyscrapers and high-rise buildings
Mason Infratech Risks
Dependent on few customers
Projects awarded from certain clients contribute significant portion of the order book and the loss of such clients could adversely affect the business, cash flows, results of operations and financial condition
Seasonal business
The company's business is subject to seasonal weather and other fluctuations that may affect its cash flows and business operations
IPO FAQs
The promoters of the company are Asit Thakkar Dattani, Ashutosh Juthani and Smeet Thakkar.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 62.0 - 64.0.
The IPO application opens on Jun 24, 2024 and closes on Jun 26, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Jun 27, 2024.
The refund will be credited to your account on Jun 28, 2024.
The allotted shares will be credited to your demat on Jun 28, 2024.
Mason Infratech Ltd.’s shares listed on the stock exchanges on Jul 01, 2024.