IPO Details
Bidding Dates
24 Jun 24 - 26 Jun 24
Price Range ₹
62 - 64
Total Equity
₹ 30.46Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
24 Jun 2024
Offer end
26 Jun 2024
Allotment
27 Jun 2024
Refund initiation
28 Jun 2024
Demat transfer
28 Jun 2024
Listing
01 Jul 2024
Offer start
24 Jun 2024
Offer end
26 Jun 2024
Allotment
27 Jun 2024
Refund initiation
28 Jun 2024
Demat transfer
28 Jun 2024
Listing
01 Jul 2024
About Company
Incorporated in 2020, Mason Infratech Limited is a real estate construction company providing services for both residential and commercial buildings, including new and redevelopment projects. The company offers a wide range of construction services for residential, corporate, and commercial buildings, primarily operating in the Mumbai Metropolitan Area. In 2022, Mason Infratech received the Corporate Excellence Award for being the Fastest Growing Construction Company (Integrated and Collaborative Working) from Brand Connect Network Private Limited. Focusing on residential and commercial buildings, the company's revenue grew significantly from ₹348.92 lakhs in fiscal 2020 to ₹6380.93 lakhs in fiscal 2023. As of December 31, 2023, Mason Infratech employed 141 skilled staff members and utilized various contract laborers to support its projects.
Year Founded
24-04-2023
Promotor Details
Asit Dattani Thakkar
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 98.2 | 71.6 |
| Share Capital | 12581249 | 12581249 |
Offer to Public
47,60,000.00 Cr
Project Details
- To meet the working capital requirements - 190cr
Objectives
- To meet the working capital requirements.General corporate purposes
Highlights
- The company benefits from seasoned promoters and access to a highly skilled workforce, ensuring strong leadership and operational excellence.
- A focus on customer satisfaction drives the company's strategies and operations, enhancing client relationships and loyalty.
- By leveraging advanced technology, the company achieves operational efficiency and delivers superior customer experiences.
- Efficient use of resources helps maximize productivity and minimize costs, contributing to better financial performance.
- Specializing in the construction and development of high-rise buildings, as well as redevelopment and institutional projects, positions the company as a key player in these lucrative market segments.
Challenges
- A significant portion of the company's order book (80.60%) is dependent on projects from its top five clients, making it vulnerable to any changes in these client relationships.
- The company's reliance on subcontractors and a sufficient pool of labor from subcontractors makes it susceptible to labor shortages, strikes, and regulatory changes, which could disrupt operations and impact cash flows.
- The absence of long-term agreements with suppliers for raw materials poses a risk to the company's ability to secure necessary materials at reasonable costs, potentially affecting project timelines and profitability.
- The company's primary operational focus in the Mumbai Metropolitan Region (MMR) exposes it to regional economic, regulatory, and environmental risks that could impact its business more severely than if it were more geographically diversified.
- The need for high working capital for daily operations, coupled with the potential difficulty in securing adequate working capital on favorable terms, could adversely affect the company's operations, profitability, and growth prospects.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 7,827.83 | 1,281.25 | 1,165.23 | 1,165.23 | 9.0945 |
