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Mason Infratech Limited IPO Opens on June 24, 2024

Mason Infratech Limited, a prominent player in the construction and infrastructure development sector, has officially launched its Initial Public Offering (IPO) today, June 24, 2024. The IPO, which is set to close on June 26, 2024, includes up to 47,60,000 equity shares with a face value of ₹10 each, offered in a price band of ₹62 to ₹64 per equity share.

Issue Information:

Issuer Mason Infratech Limited
Listing on NSE Emerge
Sole Book Running Lead Manager Expert Global Consultants Private Limited
Registrar KFIN Technologies Limited
Issue Initial Public Offer of up to 47,60,000 equity shares of face value ₹ 10 each comprising of Fresh Issue aggregating up to ₹ 3,046.40 Lakhs
Price Band ₹ 62 to ₹ 64 per equity share
Tentative Issue Size (at upper price band) ₹ 3,046.40 Lakhs
Pre-IPO Equity Shares 1,28,12,500 equity shares of face value ₹ 10 each
Post Issue Equity Shares 1,75,72,500 equity shares of face value ₹ 10 each
Post Issue Market Cap (at upper price band) Approx. ₹ 11,000 Lakhs
Objects of the Issue • To meet the working capital requirement

• General corporate purposes

Issue Structure • QIB: Not more than 50% of the Issue

• Non-Institutional Investors: Not less than 15% of the Issue

• Retail Individual Investors: Not less than 35% of the Issue

Issue Period Anchor day on : June 21,2024 | Issue opens on : June 24,2024 | Issue closes on : June 26,2024
Minimum Bid Lot Size 2000 Equity Shares and in multiples thereof
Indicative Post Issue Timeline • Finalization of Basis of Allotment with the Designated Stock Exchange – On or about June 27,2024.

• Initiation of refunds / unblocking of funds from ASBAAccount – On or about June 28,2024.

• Credit of Equity Shares to demat accounts of Allottees – On or about June 28,2024.

• Commencement of trading of the Equity Shares – On or about or about July 01,2024.

Mr. Asit Thakkar Dattani, Managing Director of Mason Infratech Limited, expressed his enthusiasm about the IPO launch, stating, “This IPO marks a pivotal moment for Mason Infratech as we continue our journey of growth and expansion in the infrastructure sector. The funds raised will primarily support our working capital requirements and contribute to our general corporate purposes, enabling us to further enhance our operational capabilities and execute projects with efficiency and excellence.”


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