Mason Infratech Ltd IPO Timeline

Mason Infratech Ltd IPO opens on 24-Jun-2024, and closes on 26-Jun-2024. The Mason Infratech Ltd IPO bid date is from 24-Jun-2024 to 26-Jun-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Mason Infratech Ltd IPO Opening Date 24-Jun-2024
Mason Infratech Ltd IPO Closing Date 26-Jun-2024
Basis of Allotment 27-Jun-2024
Initiation of Refunds 28-Jun-2024
Credit of Shares to Demat 28-Jun-2024
Mason Infratech Ltd IPO Listing Date 01-Jul-2024

Mason Infratech Ltd IPO Lot Size

Mason Infratech Ltd IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or 128000).

Application Lots Shares Amount
Minimum 1 2000 ₹128000
Maximum 1 2000 ₹128000

Mason Infratech Ltd IPO Details

Mason Infratech Ltd IPO Date 24-Jun-2024 to 26-Jun-2024
Mason Infratech Ltd IPO Face Value Shares of ₹10 per share
Mason Infratech Ltd IPO Price ₹62 to ₹64 per share
Mason Infratech Ltd IPO Lot Size 2000
Issue Size Shares of ₹10 (aggregating up to ₹30.46 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹30.46 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Asit Thakkar Dattani, Ashutosh Juthani, Smeet Thakkar Dattani.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 To meet the working capital requirements
  • 2 General corporate purposes

Company Financials

Mason Infratech Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
11-2023 53.07 42.02 3.16
Amount in ₹ Crore
  • Experienced Promoters and access to skilled workforce.
  • Customer-Centric Approach.
  • Technology focused operations resulting in operational efficiency and enhancing customer experiences.
  • Optimal Utilization of Resources.
  • Projects awarded from certain clients/customers contribute a significant portion of its Order Book. As of March 31, 2024, projects awarded by the company top five clients/customers, based on its Order Book represented 80.60% of the company's Order Book and further significant reliance on repeated key suppliers and clients/customers for operations.
  • An inability to complete its Ongoing Projects by their respective expected completion dates or at all could have a material adverse effect on its business, results of operations and financial condition.
  • Its business is manpower intensive, and the company is dependent on the supply and availability of a sufficient pool of labourers from sub-contractors at its project locations. Unavailability or shortage of such a pool of the labours or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.
  • The company does not have long-term agreements with its suppliers for raw materials, which poses a risk to the company's ability to procure the desired quality and quantity of raw materials in a timely manner and at reasonable costs, or at all. Additionally, its reliance on subcontractors and third parties for the supply of raw materials, non-Core Assets, and certain services in the construction of its projects may expose it to risks that could adversely affect its reputation, business, and financial condition. If the company subcontractors and third parties fail to adhere to regulatory requirements, its may also be subject to penalties.
  • Its primary operational focus lies within the Mumbai Metropolitan Region (MMR).
  • The company issubject to strict quality requirements and any failure on its part to comply with quality standards may lead to cancellation of orders, loss of pre-qualification status for future projects.
  • Its business is subject to seasonal weather and other fluctuations that may affect the company's cash flows and business operations.
  • Its operations and the work force, customers and/ or third parties on property sites are exposed to various hazards, which could adversely affect its business, financial condition, and results of operations.
  • The company has incurred borrowings from a commercial bank and its inability to comply with repayment and other covenants in its financing agreements could adversely affect the company's business and financial condition.
  • Certain unsecured loans have been availed by it which may be recalled by lenders.
  • The company requires high working capital for its smooth day to day operations of business and any discontinuance or its inability to acquire adequate working capital timely and on favorable terms may have an adverse effect on its operations, profitability and growth prospects.
  • The company is involved in certain legal proceedings, which, if determined adversely, may affect its business and financial condition.
  • The company may not be successful in implementing its strategies, such as expanding its presence in cities with high growth potential or capitalising on changes to the construction industry that will occur on account of implementation of the RERD Act and demonetisation, which could adversely affect its business, cash flows, results of operations and future prospects.
  • Its Promoters, Directors and Key Managerial Personnel may have interest in the Company, other than reimbursement of expenses incurred, remuneration or other benefits received.
  • Its Promoter has provided personal guarantee for loans availed by the company.
  • The company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner and a failure to derive the desired benefits from its project development efforts may impact the company competitiveness and profitability.
  • The Company has applied for registration of the trademark in relation to its logo. Until such registrations are granted, the company may not be able to prevent unauthorised use of such trademarks by third parties, which may lead to the dilution of its goodwill and adversely affect its business. An inability to protect, strengthen and enhance our existing brand for our products could adversely affect our business prospects and financial performance.
  • The Company's management will have flexibility in utilizing the Net Proceeds from the Offer. The deployment of the Net Proceeds from the Offer is being monitored by the Audit Committee and not an independent monitoring agency.
  • The company requires several approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be transferred in the name of "Mason Infratech Limited" from "Mason Infratech Private Limited" pursuant to name change of the company and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.
  • There have been some instances of delayed in the past with the Registrar of Companies which may attract penalties.
  • There have been some instances of delays in filing of statutory and regulatory dues in the past with the various government authorities.
  • Its Promoters and Directors have interests in entities, which are in businesses similar to its and this may result in potential conflict of interest with the company.
  • The company has not identified any alternate source of financing the 'objects of the Issue'.
  • The company may requires additional equity or debt in the future to continue to grow its business, which may not be available on favorable terms or at all.
  • The company is dependent on the availability of the prices of steel and ready-mix concrete. Any lack of availability of or upward fluctuations in the price of steel and ready-mix concrete or its ability to pass on any increased costs of raw materials to its clients may have a material adverse effect on the company's business, cash flows, results of operations and financial condition.
  • The company entered into related party transactions in the past. Its will continue to enter into such transactions and there can be no assurance that the company could not have achieved more favourable terms had such transactions not been entered into with related parties.
  • The company has experienced negative cash flows in prior periods and any negative cash flows in the future could adversely affect its financial condition and the trading price of the company Equity Shares.
  • Its Promoters and Promoter Group will be able to exercise significant influence and control over its operations after the issue and may have interests that are different from those of its other shareholders.
  • Its Key Managerial Personnel and Promoter does not have documents evidencing certain information in relation to their past experience and/or educational qualifications.
  • The company has been recently converted into public limited company and any non-compliance with the provisions of Companies Act, 2013 may attract penalties against the Company which could impact its financial and operational performance and reputation.
  • The company faces competition from various regional real estate developers.
  • The requirements of being a listed company may strain its resources.
  • Its insurance coverage may not adequately protect the company against potential risk, and this may have a material adverse effect on its business.
  • The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.
  • If the company fail to maintain an effective system of internal controls, its may not be able to successfully manage, or accurately report, its financial risks.
  • The company may not be successful in implementing its business strategies.
  • The Company operates in a highly competitive market. If the company is unable to get construction projects, both large and small, or compete with other competitors effectively, the company could fail to increase, or maintain, its volume of order intake and the company results of operations and financials may be materially adversely affected.
  • If the company is unable to accurately forecast demand for its services and plan construction schedules in advance, its business, cash flows, financial condition, results of operations and prospects may be adversely affected.
  • Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • The Equity Shares have never been publicly traded, and, after the issue, the equity shares may experience price and volume fluctuations, and an active trading market for the equity shares may not develop. Further, the price of the equity shares may be volatile, and you may be unable to resell the equity shares at or above the issue price, or at all.
  • There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.
  • The company has not independently verified data from the Industry and related data contained in this Draft Red Herring Prospectus.
  • QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
  • Investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
  • Any future issuance of Equity Shares, or convertible securities or other equity linked instruments by us may dilute the shareholding of the Investor, or any sale of Equity Shares by our Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • Focus on Construction and Development of High-Rise & Sky Scrapper Buildings.
  • Market Penetration.
  • Focus on Redevelopment and Institutional Construction Projects.
  • Strategic Partnerships and Alliances.

Mason Infratech Ltd IPO Promoter Holding

Pre Issue Share Holding 84.01%
Post Issue Share Holding 40.38%

Mason Infratech Ltd IPO Subscription Status (Bidding Detail)

The Mason Infratech Ltd IPO is subscribed 31 times on Jun 26, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 31

Mason Infratech Ltd IPO Prospectus

Mason Infratech Ltd IPO Listing Date

Listing Date 01 Jul 24
BSE Script 92836
NSE Symbol MASON
Listing In NSE - SME
ISIN INE0SH001010
IPO Price ₹64
Face Value ₹10

Mason Infratech Ltd IPO Registrar

KFin Techologies Ltd

Phone: +91 40 6716 2222
Email: masoninfra.ipo@kfintech.com
Website: www.kfintech.com

Mason Infratech Ltd IPO Lead Manager(s)

  1. Expert Global Consultants Pvt Ltd

FAQs on Mason Infratech Ltd IPO

Mason Infratech Ltd IPO, which opens for subscription from 24-Jun-2024 to 26-Jun-2024 has an issue size of ₹30.46 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Mason Infratech Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Mason Infratech Ltd IPO Opens for subscription from 24-Jun-2024 to 26-Jun-2024.

The lot size of Mason Infratech Ltd is 2000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹128000 and ₹128000 respectively.

Allotment date for Mason Infratech Ltd is 27-Jun-2024 and refund of application amount (in case allotment is not received) will begin from 28-Jun-2024. If your allotment goes through, then shares will be credited in your Demat account by 28-Jun-2024.

The registrar for Mason Infratech Ltd IPO is KFin Techologies Ltd . You can check your IPO allotment status on the registrar's website.

The shares of Mason Infratech Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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