MASON INFRATECH LIMITED is shaping Indian construction since February 2020, blends experience with innovation and committed to excellence, they redefine standards for national development.
Mason Infratech IPO, a Book Built issue amounting to ₹30.46 crores, consisting entirely of a fresh issue of 47.6 lakh shares. The subscription period for the Mason Infratech IPO opens on June 24, 2024, and closes on June 26, 2024. The allotment is expected to be finalized on or about Thursday, June 27, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, July 01, 2024.
The price band of Mason Infratech IPO is set at ₹62 to ₹64 equity per share, with a minimum lot size of 2000 shares. Retail investors are required to invest a minimum of ₹128,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4000 shares), amounting to ₹256,000.
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED is the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar. GLOBALWORTH SECURITIES LIMITED is the market maker for Mason Infratech IPO.
Mason Infratech IPO GMP Today
The Grey Market Premium is expected in the range of ₹6 - ₹10 based on the financial performance and live subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Mason Infratech IPO Live Subscription Status
As of 04:50 PM on 25 June 2024, the Mason Infratech IPO live subscription status shows that the IPO subscribed 3.84 times by the day 2 of issue period. Check the Mason Infratech IPO Live Subscription Status Today at NSE
Mason Infratech IPO Allotment Status
Mason Infratech allotment date is 27 June 2024, Wednesday. Mason Infratech IPO Allotment will be out on 27th June 2024 and will be live on Registrar Website. Check Mason Infratech IPO Allotment Status here. Here's how you can check the allotment status
- Navigate to the IPO allotment status page.
- Select Mason Infratech from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Mason Infratech Limited
Mason Infratech Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. To meet the working capital requirements.
2. General corporate purposes
Refer to Mason Infratech Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.
The Upcoming IPOs this week and coming weeks are Allied Blenders and Distillers Limited, Akiko Global Services Limited, Divine Power Energy Limited, Petro Carbon & Chemicals Limited
The current active IPO is Mason Infratech Limited, Sylvan Plyboard (India) Limited, SHIVALIC POWER CONTROL LIMITED,Medicamen Organics Limited, Stanley Lifestyles Limited, EnNutrica (Dindugal Farm Product) IPO, Winny Immigration and Education Services Limited
The Recently Listed IPOs which is available for trading in stock Market are GP Eco Solutions India Limited ,United CotFab Limited, LE TRAVENUES TECHNOLOGY LIMITED (ixigo), Awfis Space Solutions IPO, Go Digit IPO, Vilas Transcore IPO, GSM Foils IPO, Rulka Electricals IPO, HOAC FOODS INDIA IPO, Aadhar Housing Finance IPO.
MASON INFRATECH IPO Details |
|||||||||||
IPO Date | June 24, 2024 to June 26, 2024 | ||||||||||
Listing Date | July 01, 2024 | ||||||||||
Face Value | ₹10 | ||||||||||
Price | ₹62 to ₹64 per share | ||||||||||
Lot Size | 2000 Shares | ||||||||||
Total Issue Size | 47,60,000 Equity Shares (aggregating up to ₹30.46 Cr) | ||||||||||
Fresh Issue | 47,60,000 Equity Shares (aggregating up to ₹30.46 Cr) | ||||||||||
Offer for Sale | Nil | ||||||||||
Issue Type | Book Built Issue IPO | ||||||||||
Listing At | NSE SME | ||||||||||
Share holding pre issue | 1,28,12,500 | ||||||||||
Share holding post issue | 1,75,72,500 |
MASON INFRATECH IPO Lot Size |
|||||||||||
Application | Lots | Shares | Amount | ||||||||
Retail (Min) | 1 | 2000 | ₹128,000 | ||||||||
Retail (Max) | 1 | 2000 | ₹128,000 | ||||||||
HNI (Min) | 2 | 4000 | ₹256,000 |
MASON INFRATECH IPO Timeline (Tentative Schedule) |
|||||||||||
IPO Open Date | Monday, June 24, 2024 | ||||||||||
IPO Close Date | Wednesday, June 26, 2024 | ||||||||||
Basis of Allotment | Thursday, June 27, 2024 | ||||||||||
Initiation of Refunds | Friday, June 28, 2024 | ||||||||||
Credit of Shares to Demat | Friday, June 28, 2024 | ||||||||||
Listing Date | Monday, July 01, 2024 | ||||||||||
Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
MASON INFRATECH IPO Reservation |
|||||||||||
Investor Category | Shares Offered | Reservation % | |||||||||
QIB Shares Offered | 22,56,000 | Not More than 50% of the Net Issue | |||||||||
Retail Shares Offered | 15,84,000 | Not Less than 35% of the Net Issue | |||||||||
Non-Institutional Shares Offered | 6,80,000 | Not Less than 15% of the Net Issue | |||||||||
Market Maker Portion | 2,40,000 | - |
MASON INFRATECH IPO Promoter Holding |
|||||||||||
Share Holding Pre Issue | 98.20% | ||||||||||
Share Holding Post Issue | 71.60% |
MASON INFRATECH IPO Subscription Status |
|||||||||||
Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed |
Mason Infrastructure, established in February 2020 as a dynamic partnership firm, swiftly evolved into Mason Infratech in April 2023, solidifying its status as a premier Engineering, Procurement, and Construction (EPC) company in India. They are 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. They understand the unique requirements of each project and tailor their services accordingly. Their comprehensive suite of offerings covers the entire project lifecycle, including planning, designing, procurement, construction, and post-construction services. Their capabilities include constructing concrete building structures as well as composite steel structures. They also provide mechanical, electrical, and plumbing (“MEP”) and finishing works.
Their primary operational focus lies within the Mumbai Metropolitan Region (MMR). The Company is young, but the management carry several years of experience in the infrastructure business throughout India. With around 3.8 million sq. ft. of work in hand, the company’s focus is on timely execution of projects with premium quality of construction work. The company has received a Corporate Excellence Award in the year 2022 for Fastest Growing Construction Company (Integrated and Collaborative Working) from Brand Connect Network Private Limited.
They believe in their own equipment's such as formwork, tower cranes, passenger and material hoists, concrete pumps, threading and forging machinery, cutting, and bending machines, rack and pinion lift external (collectively, “Core Assets”) as this allows them to have timely access to key equipment required for their business. They believe these modern equipments help reduce the construction cycle time of replicating floors in a highrise construction compared to conventional formwork systems, such as conventional-plywood shuttering systems.
INDIAN REAL ESTATE INDUSTRY
The real estate sector is one of the most globally recognized sectors. It comprises of four sub-sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodation. The construction industry ranks third among the 14 major sectors in terms of direct, indirect, and induced effects in all sectors of the economy.
In India, the real estate sector is the second-highest employment generator, after the agriculture sector. It was also expected that this sector will incur more non-resident Indian (NRI) investment, both in the short term and the long term. Bengaluru was expected to be the most favoured property investment destination for NRIs, followed by Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun.
By 2040, real estate market will grow to Rs. 65,000 crore (US$ 9.30 billion) from Rs. 12,000 crore (US$ 1.72 billion) in 2019. Real estate sector in India is expected to reach US$ 1 trillion in market size by 2030, up from US$ 200 billion in 2021 and contribute 13% to the country’s GDP by 2025. Retail, hospitality, and commercial real estate are also growing significantly, providing the much-needed infrastructure for India's growing needs. India’s real estate sector is expected to expand to US$ 5.8 trillion by 2047, contributing 15.5% to the GDP from an existing share of 7.3%. In FY23, India’s residential property market witnessed with the value of home sales reaching an all-time high of Rs. 3.47 lakh crore (US$ 42 billion), marking a robust 48% year-on-year increase. The volume of sales also exhibited a strong growth trajectory, with a 36% rise to 379,095 units sold. Indian real estate developers operating in the country’s major urban centres are poised to achieve a significant feat in 2023, with the completion of approximately 558,000 homes.
India’s real estate sector saw over 1,700 acres of land deals in top eight cities in the first nine months of FY22. Foreign investments in the commercial real estate sector were at US$ 10.3 billion from 2017- 2021. As of February 2022, Developers expected demand for office spaces in SEZs to shoot up after the replacement of the existing SEZs act.
INFRASTRUCTURE SECTOR IN INDIA
India’s high growth imperative in 2023 and beyond will significantly be driven by major strides in key sectors with infrastructure development being a critical force aiding the progress. Infrastructure is a key enabler in helping India become a US $26 trillion economy. Investments in building and upgrading physical infrastructure, especially in synergy with the ease of doing business initiatives, remain pivotal to increase efficiency and costs. Prime Minister Mr. Narendra Modi also recently reiterated that infrastructure is a crucial pillar to ensure good governance across sectors.
The government’s focus on building infrastructure of the future has been evident given the slew of initiatives launched recently. The US$ 1.3 trillion national master plan for infrastructure, Gati Shakti, has been a forerunner to bring about systemic and effective reforms in the sector, and has already shown a significant headway. Infrastructure support to nation’s manufacturers also remains one of the top agendas as it will significantly transform goods and exports movement making freight delivery effective and economical. The "Smart Cities Mission" and "Housing for All" programmes have benefited from these initiatives. Saudi Arabia seeks to spend up to US$ 100 billion in India in energy, petrochemicals, refinery, infrastructure, agriculture, minerals, and mining. Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. Infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development. In other words, the infrastructure sector acts as a catalyst for India’s economic growth as it drives the growth of the allied sectors like townships, housing, built-up infrastructure, and construction development projects.
MASON INFRATECH LIMITED STRENGTHS
1. Experienced Promoters and access to skilled workforce
2. Customer-Centric Approach
3. Ownership of modern system formworks and other Core Assets
4. Optimal Utilization of Resources
MASON INFRATECH LIMITED STRATEGIES
1. Focus on Construction and Development of High-Rise & Sky Scrapper Buildings
2. Market Penetration
3. Focus on Redevelopment and Institutional Construction Projects
4. Focus on Construction and Development of High-Rise & Sky Scrapper BuildingS
5. Strategic Partnerships and Alliances
MASON INFRATECH LIMITED RISK FACTORS & CONCERNS
1. The business is manpower intensive, and they are dependent on the supply and availability of a sufficient pool of labourers from sub-contractors at their project locations.
2. Their primary operational focus lies within the Mumbai Metropolitan Region (MMR).
3. They are dependent on the availability of the prices of steel and ready-mix concrete.
4. They face competition from various regional real estate developers
5. They may not be successful in implementing their business strategies.
Period Ended | Dec 31, 2023 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 |
---|---|---|---|---|
Reserve of Surplus | 1,541.18 | - | - | - |
Total Assets | 6,166.01 | 4,206.31 | 3,018.60 | 627.93 |
Total Borrowings | 1,445.17 | 931.43 | 556.16 | 112.32 |
Fixed Assets | 877.00 | 607.48 | 427.51 | 224.47 |
Cash | 189.33 | 43.06 | 35.35 | 12.32 |
Net Borrowing | 1,255.67 | 888.37 | 520.18 | 100 |
Revenue | 5,690.56 | 6,405.51 | 3,010.72 | 349.61 |
EBITDA | 891.31 | 604.71 | 276.05 | 27.09 |
PAT | 509.01 | 337.01 | 152.11 | 7.85 |
EPS | 4.05 | 2.68 | 1.21 | 0.06 |
Note 1:- ROCE & ROE calculation is based on 31st Dec, 2023 Data, given in RHP.
Note 2:- Pre EPS and Post EPS is based on 31st Mar, 2023 Data, given in RHP.
Note 3:- RoNW calculation is based on 31st Dec, 2023 Data, given in RHP.
Note 4:- Price to Book Value is calculated based on 31st Dec, 2023, given in RHP.
Key Performance Indicator |
|||||||||||
KPI | Values | ||||||||||
EPS Pre IPO (Rs.) | ₹2.68 | ||||||||||
EPS Post IPO (Rs.) | ₹1.91 | ||||||||||
P/E Pre IPO | 23.88 | ||||||||||
P/E Post IPO | 33.50 | ||||||||||
ROE | 43.47% | ||||||||||
ROCE | 30.98% | ||||||||||
P/BV | 6.86 | ||||||||||
Debt/Equity | 0.94 | ||||||||||
RoNW | 43.47% |
MASON INFRATECH Limited IPO Peer Comparison |
|||||||||||
Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
Mason Infratech Limited | ₹1.91 | 30.98% | 43.47% | 33.50 | 6.86 | 0.94 | 43.47% | ||||
Atal Realtech Limited | ₹0.29 | 10.4% | 5.84% | 28.5 | 1.62 | 0.24 | 10.4% | ||||
Capacite Infraprojects Limited | ₹14.2 | 16.0% | 9.33% | 22.4 | 1.78 | 0.22 | 16.0% |
MASON INFRATECH LIMITED
Flat No. 103, Imperia, Mahavir Millenium, Vasant Vihar, Pokhran Road, No. 2, Thane - 400 610, Maharashtra, India
Contact Person : Ravi Tiwari
Telephone : +91 88288 24599
Email Id : info@masoninfra.com
Website : https://www.masoninfra.com/index.html
Registrar : KFIN TECHNOLOGIES LIMITED
Contact Person : M Murali Krishna
Telephone : +91 40 6716 2222
Email Id : masoninfra.ipo@kfintech.com
Website : https://www.kfintech.com/
Lead Manager : EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
Contact Person : Gaurav Jain
Telephone : +91 40 6716 2222
Email Id : ipo@expertglobal.in
Website : https://www.expertglobal.in/
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.
Equity Investment with CA Abhay
Equity Trading with CA Abhay
Stock Market Masterclass
FNO Stocks with CA Abhay
Option Trading with CA Abhay
FNO Stocks with CA Abhay
Stock Market Masterclass
Equity Trading with CA Abhay
Option Trading with CA Abhay
Equity Investment with CA Abhay
Copyright @2020 Design & Developed by Info Web Software