Schedule of Mason Infratech
| 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 |
Note: The 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 can be checked on the registrar's website and the exchange website.
About Mason Infratech
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.
Financials of Mason Infratech
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹30.46 crores |
| Fresh Issue | ₹30.46 crores |
| Offer for sale | – |
*All figures except EPS are in ₹ Crores
Risks
- 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 labourers may lead to risks such as unavailability, shortage, strikes, work stoppages, increased wage demands, or changes in regulations governing contractual labour, 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.