Mason Infratech IPO bids starts from Monday, June 24 and ends on Wednesday, June 26. The IPO is a book-built issue of ₹30.46 crores. The issue is entirely Fresh Issue of 47.60 lakhs shares. The price band of the IPO is set to ₹62 to ₹64 per share with a face value of ₹10. Bidding for Anchor Investor will be held on Friday, June 21. The issue shall be listed on NSE SME with tempting date fixed as Wednesday, June 26.
The bid lot size of the issue is 2000 equity shares and in multiples there-of. The minimum and maximum amount of investment required for Retails is ₹1,28,000. The minimum lot size for HNI’s (High Net-worth Individuals) is 2 lot amounting to ₹2,56,000. Mason Infratech has reserved not more than 50% for QIB’s, in which 60% are of them for Anchor Investor, 5% for Mutual Fund and 35% for Domestic Mutual Funds and 5.4% for Market Maker, not less than 15% for NIB’s and not less than 35% for Retail Individual Buyers.
Akme Fintrade (India) IPO price band sets at ₹114 to ₹120 per share
Object of the Issue
- To meet the working capital requirements (₹10.50 crores)
- General Corporate Purposes
Risk Factor
- As of March 31, 2024, project from company’s top five client made up 80.60% of its order book.
- Company, Promoters, Directors are involved in outstanding legal proceeding related to our business operation.
About Mason Infratech Limited
Established in February 2020, as a dynamic partnership firm, Mason Infrastructure swiftly evolved into Mason Infratech in April 2023, solidifying its status as a premier Engineering, Procurement and Construction (EPC) in India
Financials
| 31 Dec 2023 | 31 Mar2023 | |
| Revenue | ₹56.72 Cr | ₹63.80 Cr |
| Profit | ₹5.09 Cr | ₹3.37 Cr |
| PAT Margin | 8.97% | 5.28% |
