Mason Infratech Limited IPO : Company Information

Mason Infratech Limited IPO is set to launch on 24 June, 2024. The company initiated its business operations in the year 2020. It is a real estate construction company. It undergoes projects for both commercial and residential buildings with new redevelopment projects as well. It offers services for corporate, residential and commercial buildings. The operational area of the firm is in Mumbai Metropolitan Area. It has a staff force of 141 skilled people.

Shivalic Power Control Limited : IPO DETAILS

Mason Infratech Limited IPO is set to launch on 24 June, 2024. The subscription timeline extends till 26 June, 2024. The size for the IPO is Rs. 30.46 Crore. The IPO offers fresh issues worth Rs 30.46 Crore. No shares are offered through offer for sale. The lot size is 1200 shares and the price is Rs. 62 to Rs.64 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs. 10 and this is a Book Built Issue. The registrar for the company is KFin Technologies Ltd. 

Tabular Description of Mason Infratech Limited IPO

IPO OPENING DATE	24 June, 2024
CLOSING DATE FOR IPO	26 June, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	Rs. 10 per share
IPO price band	Rs. 62 to Rs. 64 per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	Rs. 30.46 Crore
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	Rs. 30.46 Crore
LISTING AT	NSE SME Board
LISTING DATE	1 July, 2024

Mason Infratech Limited IPO: IMPORTANT DATES

IPO OPENING DATE	24 June, 2024
CLOSING DATE FOR IPO	26 June, 2024
IPO ALLOTMENT DATE	27 June, 2024
REFUNDS	28 June, 2024
DEMAT A/C CREDITED ON	28 June, 2024
IPO LISTING DATE	1 July, 2024

Mason Infratech Limited IPO begins for subscription from 24 June, 2024. The IPO subscription would continue till 26 June, 2024. The allotment status for the shareholders who applied would come on 27 June, 2024. The refunds for the ones who did not get allotment would be initiated on 28 June, 2024. The DEMAT accounts of shareholders would be credited on 28 June, 2024. The listing of the company would be completed on 1 July, 2024.

Mason Infratech Limited IPO: Lead Managers

The lead managers are :

• Expert Global Consultants Private Limited

The minimum and maximum lot size for retail investors is 2000 shares, amounting to Rs. 128000. The minimum lot size for HNI is 4000 shares, amounting to Rs. 256000.

	Lots	Shares	Amount
Retail (Minimum)	1	2000 shares	Rs. 128000
Retail (Maximum)	1	2000 shares	Rs. 128000
HNI (Minimum)	2	4000 shares	Rs. 256000

OBJECTIVES FOR THE IPO

• To meet the working capital requirements of the company
• To meet the capital expenditure of the company
• General Corporate Expenses

COMPANY FINANCIALS

Particularly                  (in Rs. Lakhs)	2020-21	2021-22	2022-23	Dec – 2023
Asset	627	3018	4206	6166
Revenue	349	3010	6405	5690
PAT	7.8	152	337	509

Mason Infratech Limited had an asset base of 627 Lakh Rs in the year 2021. This boosted to 3018 Lakh Rs in the year 2022. The asset base of the firm again boosted in the year 2023 to 4206 Lakh Rs. The revenue of the company was 349 Lakh Rs in 2021. This jumped to 3010 Lakh Rs in 2022. The revenue of the company more than  doubled to 6405 Lakh Rs in the year 2023. The profit of the company was 7.8 Lakh Rs in the year 2021. The profit jumped to 152 Lakh Rs in the next year. The profit of the firm more than doubled to 337 Lakh Rs in the year 2023.

The financials suggest that the company is doing well in utilisation of its resources. It is also maximising on its revue base and asset base and has achieved good profitability in a short span of time.

PROS

• It undergoes projects for both commercial and residential buildings with new redevelopment projects as well.
• It offers services for corporate, residential and commercial buildings.
• The operational area of the firm is in Mumbai Metropolitan Area.
• It has a staff force of 141 skilled people.

Mason Infratech Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Mason Infratech Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.