Mason Infratech IPO

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24th – 26th Jun 2024
01 Jul 2024
₹62 – ₹64
2000 shares (₹128000)
30cr

Schedule

Issue open date 24 Jun 2024
Issue close date 26 Jun 2024
UPI mandate deadline 26 Jun 2024 (5 PM)
Allotment finalization 27 Jun 2024
Refund initiation 28 Jun 2024
Share credit 28 Jun 2024
Listing date 01 Jul 2024
Mandate end date 11 Jul 2024
Lock-in end date for anchor investors (50%) 29 Jul 2024
Lock-in end date for anchor investors (remaining) 25 Sep 2024

About

Mason Infratech’s IPO launches on June 24, 2024, with subscriptions closing on June 26, 2024. Established in 2020, Mason Infratech Limited provides construction services for residential and commercial buildings. The company offers end-to-end construction services, including planning, designing, procurement, construction, and post-construction services. Their capabilities include constructing concrete and composite steel structures, as well as mechanical, electrical, and plumbing (MEP) and finishing works.

Their primary operational focus is within the Mumbai Metropolitan Region (MMR). They received a Corporate Excellence Award in 2022 for growth in construction. Additionally, they own key equipment such as formwork, tower cranes, and concrete pumps and utilize specialized formwork technologies to reduce construction cycle time in high-rise projects.

Funds Raised in the IPO Amount
Overall ₹30.46 crores
Fresh Issue ₹30.46 crores
Offer for sale

Financial Snapshot

Financial Year Ended March 2021 March 2022 March 2023 December 2023
Total Assets 62.79 301.86 420.63 616.60
Revenue 34.96 301.07 640.55 569.05
Profit After Tax 0.78 15.21 33.70 50.90
EPS 0.06 1.21 2.68 4.05

*All figures except EPS are in ₹ Crores

Risk factors

  • Project Completion Risk: Inability to complete ongoing projects by their expected completion dates or at all could have a material adverse effect on the business, results of operations, and financial condition. Risks include clear title to land, changes in regulations, availability of financing, and delays in securing necessary approvals.
  • Labour Dependency: The business is manpower intensive, and dependency on sub-contractors for a sufficient pool of laborers may lead to risks such as unavailability, shortage, strikes, work stoppages, increased wage demands, or changes in regulations governing contractual labor, impacting cash flows and results of operations.
  • Compliance and Borrowings: Failure to comply with repayment and other covenants in financing agreements could adversely affect the business and financial condition. Non-compliance may lead to termination of credit facility, penalties, acceleration of payments, foreclosure on assets, and trigger cross-default provisions under other financing agreements.

Note:

  • The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
  • The allotment status will be available by June 28, 2024, on the Registrar’s website and the NSE website.