Mason Infratech IPO: A look at how to check allotment status and latest GMP
₹30.46 crore initial public offering (IPO) of Mason Infratech was available for subscription between June 24 and June 26 with a price band of ₹62-64. The issue saw strong demand, being subscribed 32.89 times in the 3 days of bidding.
Investors bid for 10.42 crore shares compared to the 31.68 lakh shares on offer. The Non-Institutional Investor (NII) portion was the most sought after, with bids 50.20 times the available shares, followed by the retail investor quota at 36.59 times, and the Qualified Institutional Buyer (QIB) category at 13.40 times.By following this method investors can quickly determine their allotment status and proceed accordingly with their investments.The shares will be credited to the allottees' demat accounts on June 28.
Investors not allotted shares will also have their refunds initiated on the same day.The shares will be listed on NSE SME Emerge on July 1, 2024.The Mason Infratech issue is entirely a fresh issue of 47.6 lakh shares worth ₹30.46 crore. There is no offer-for-sale component to this IPO.The company intends to utilise the proceeds of the issue to meet the working capital requirements and for general corporate purposes.The minimum lot size for an application was 2,000 shares.
The minimum amount of investment required by retail investors was ₹1,28,000. The minimum lot size investment for HNI was 2 lots (4,000 shares) amounting to ₹2,56,000.Incorporated in 2020, Mason Infratech Limited is a real estate construction company that provides construction services for both residential and commercial buildings, including new and redevelopment projects.
Read more on livemint.com
