Mason Infratech Limited IPO: Financial Analysis, Dates, GMP & Subscription Details

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Mason Infratech Limited IPO Review

Overview

Mason Infratech Limited, a company with its roots in infrastructure development, is set to launch its Initial Public Offering (IPO). The company, originally established as a partnership firm in February 2020, transitioned into a private limited company in April 2023 and subsequently into a public limited company in November 2023. The IPO aims to issue up to 54,00,000 equity shares, enhancing the company's growth trajectory and expanding its market presence.

IPO Details

  • IPO Open Date: June 24, 2024
  • IPO Close Date: June 26, 2024
  • Basis of Allotment: June 27, 2024
  • Initiation of Refunds: June 28, 2024
  • Credit of Shares to Demat: June 28, 2024
  • Listing Date: July 1, 2024
  • Cut-off time for UPI mandate confirmation: 5 PM on June 26, 2024
  • Refrence: Mason Infratech DRHP pdf.

Subscription Details

  • Face Value: ₹10 per share
  • Price Band: ₹62 to ₹64 per share
  • Lot Size: 2000 shares
  • Total Issue Size: 4,760,000 shares (aggregating up to ₹30.46 Cr)
  • Fresh Issue: 4,760,000 shares (aggregating up to ₹30.46 Cr)
  • Issue Type: Book Built Issue IPO
  • Listing At: NSE SME
  • Share holding pre-issue: 12,812,500
  • Share holding post-issue: 17,572,500
  • Market Maker Portion: 240,000 shares by Globalworth Securities

IPO Subscription Status

As of June 24, 2024, the Mason Infratech IPO was subscribed 0.26 times. The detailed subscription status across various investor categories is as follows:

  • Qualified Institutional Buyers (QIBs): 0.00 times
  • Non-Institutional Investors (NIIs): 0.46 times
  • Retail Investors: 2.76 times
  • Total: 1.49 times

Company Background

Mason Infratech Limited, headquartered in Thane, Maharashtra, is involved in infrastructure projects, including residential, commercial, and industrial developments. The company's promoters are Asit Thakkar Dattani, Ashutosh Juthani, and Smeet Thakkar Dattani, who bring extensive experience and expertise in the infrastructure sector.

Financial Highlights

The company's financial health is pivotal for potential investors. Below is a summary of the restated financial statements for Mason Infratech Limited for the period ended December 31, 2023, and the financial years ended March 31, 2023, 2022, and 2021:

Particulars December 31, 2023 March 31, 2023 March 31, 2022 March 31, 2021
Assets (₹ Lakhs) 6,166.01 4,206.31 3,018.60 627.93
Revenue (₹ Lakhs) 5,690.56 6,405.51 3,010.72 349.61
Profit After Tax (₹ Lakhs) 509.01 337.01 152.11 7.85
Net Worth (₹ Lakhs) 1,541.18 800.44 512.91 -0.17
Reserves and Surplus (₹ Lakhs) 541.18 N/A N/A N/A
Total Borrowing (₹ Lakhs) 1,445.17 931.43 556.16 112.32

Key Strengths

  1. Experienced Management Team: The promoters have a robust background in infrastructure development, ensuring strategic growth and stability.
  2. Diverse Project Portfolio: Mason Infratech's involvement in various infrastructure segments reduces dependency on a single revenue stream.
  3. Strategic Location: Headquartered in Maharashtra, a hub for infrastructure projects, the company benefits from proximity to key markets and resources.

Risks and Concerns

  1. Market Competition: The infrastructure sector is highly competitive, with numerous established players.
  2. Economic Fluctuations: Economic downturns can impact infrastructure spending and project timelines.
  3. Regulatory Risks: Compliance with stringent regulatory norms is essential, and any changes in regulations can affect operations.

Use of IPO Proceeds

The funds raised through the IPO will primarily be used for:

  1. Project Development: Financing ongoing and new infrastructure projects.
  2. Debt Repayment: Reducing the company's debt burden to enhance financial stability.
  3. General Corporate Purposes: Supporting overall business operations and strategic initiatives.


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Conclusion

Mason Infratech Limited's IPO presents an opportunity for investors to participate in the growth of a promising infrastructure company. While the company boasts strong leadership and a diversified project portfolio, investors must carefully consider the associated risks and the company's financial health. The IPO's success will largely depend on market conditions and investor sentiment during the subscription period.

Subscription Recommendation

Given the current subscription status and the company's potential, investors are advised to:

  • Evaluate Financial Metrics: Scrutinize the company's financial statements and growth prospects.
  • Consider Risk Factors: Assess market risks, competition, and economic conditions.
  • Stay Updated: Monitor daily subscription rates and market news related to the IPO.

Investing in Mason Infratech Limited's IPO could be a valuable addition to a diversified investment portfolio, particularly for those with a higher risk appetite and an interest in the infrastructure sector.

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