MASON INFRATECH IPO Review

Mason Infratech is a real estate construction Company providing construction services for Residential as well as Commercial buildings of new and redevelopment projects. They specialize in executing civil contracts. They are also working on lifestyle projects and high-value standalone buildings. Their team is well-versed in the latest industry practices, ensuring that they remain up to date with the technological advancements in construction. Their comprehensive suite of offerings covers the entire project lifecycle, including planning, designing, procurement, construction, and post-construction services.

The Company have a professional and experienced Promoters named, Asit Thakkar Dattani, Ashutosh Juthani and Smeet Thakkar Dattani, in which Asit Thakkar Dattani is with the experience of over two decades years in the infrastructure sector.

Financially, Mason Infratech revenue increased from ₹349.61 Lakhs in FY21 to ₹3,010.72 Lakhs in FY22 and further increased to ₹6,405.51 Lakhs in FY23 and currently at ₹5,690.5 Lakhs for 9MFY24. Similarly, EBITDA increased from ₹27.09 Lakhs in FY21 to ₹276.05 Lakhs in FY22 and further increased in FY23 at ₹604.71 Lakhs and currently at ₹891.31 Lakhs for 9MFY24. The PAT increased from ₹7.85 Lakhs in FY21 to ₹152.11 Lakhs in FY22 and further showing growth at ₹337.01 Lakhs in FY23 and currently at ₹509.0 Lakhs for 9MFY24. This indicates steady growth in financial performance.

For the Mason Infratech IPO, the company is issuing shares at a pre-issue EPS of ₹2.68 and a post-issue EPS of ₹1.91. The pre-issue P/E ratio is 23.88x, while the post-issue P/E ratio is 33.50x against the industry P/E ratio of 13.52x. The company's ROCE for 9MFY24 is 30.98%, and ROE for 9MFY24 is 43.47%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Mason Infratech indicates potential listing gains of 15% - 20% . Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid the IPO for listing gains or long term Investment purposes.