About Mason Infratech IPO

Mason Infratech Limited, a Mumbai-based real estate construction company, launched its initial public offering (IPO) on June 24, 2024, which concluded on June 26, 2024. The IPO aimed to raise ₹30.46 crores through a fresh issue of 47.6 lakh shares, with a price band set at ₹62 to ₹64 per share. The company chose not to include an offer-for-sale component in this IPO.

Investors were required to bid for a minimum of 2000 shares, equivalent to an investment of ₹128,000 for retail investors. The IPO was targeted towards different categories of investors with a specific share distribution: 33.28% of shares were reserved for retail investors, 18.99% for qualified institutional buyers, and the remainder for non-institutional investors and others.

Mason Infratech has a focus on both residential and commercial building projects, primarily operating within the Mumbai Metropolitan Area. The company has seen significant growth in recent years, with revenues increasing from ₹348.92 lakhs in FY 2020 to ₹6,380.93 lakhs in FY 2023.

Regarding the IPO’s financial aspects, the listing date was set for July 1, 2024, on the NSE SME platform. The allotment of shares was conducted on June 27, 2024, followed by the initiation of refunds on June 28, 2024, and the crediting of shares to investor demat accounts on the same day.

The promoters of Mason Infratech—Asit Thakkar Dattani, Ashutosh Juthani, and Smeet Thakkar Dattani—saw their shareholding decrease from 98.20% pre-IPO to 71.60% post-IPO due to the dilution effects of the new share issuance.

The company faced certain risks, including the potential for delays in project completion and dependency on subcontractor labor which could affect its operations and cash flow. Despite these challenges, Mason Infratech’s growth and strategic focus on key metropolitan areas highlight its potential as a lucrative investment opportunity for those looking to enter the real estate sector​