Mason Infratech IPO Lists at 37.50% Premium

Tanushree Jaiswal

Last Updated: 1st July 2024 - 10:52 am

Robust Listing for Mason Infratech in NSE-SME Segment

Mason Infratech had a strong listing on 01st July 2024, listing at ₹88.00 per share, a premium of 37.50% over the issue price of ₹64 per share in the IPO. Here is the pre-open price discovery for the Mason Infratech IPO on the NSE.

PRE-OPEN ORDER COLLECTION SUMMARY

Description	Value
Indicative Equilibrium Price (In ₹)	88.00
Indicative Equilibrium Quantity (Number of Shares)	10,30,000
Final Price (In ₹)	88.00
Final Quantity (Number of Shares)	10,30,000
Previous Close (Final IPO Price)	₹64.00
Discovered Listing Price Premium / Discount to IPO Price (₹)	₹+24.00
Discovered Listing Price Premium / Discount to IPO Price (%)	+37.50%

Data Source: NSE

The SME IPO of Mason Infratech was a book-built IPO in the price band of ₹62 to ₹64 per share. Considering the strong subscription response at over 32 times and the anchor allocation being done at the upper end of the band, the price discovery of the IPO also happened at the upper end of the price band at ₹64 per share. On 01st July 2024, the stock of Mason Infratech listed at ₹88.00 per share, a premium of 37.50% over the IPO price of ₹64.00 per share. For the day, being in the 5% circuit filter category, the upper circuit price has been set at ₹92.40 and the lower circuit price has been set at ₹83.60.

As of 10.08 am, the volumes were 16.98 lakh shares while the turnover (value) was at ₹1,482 lakhs. The opening market cap of the stock stands at ₹162.37 crore. The equity shares of Mason Infratech (Symbol: MASON) shall be in Series ST (Trade for Trade Surveillance Segment (TFTS) – Settlement Type W) and subsequently be shifted to Series SM (Normal Rolling Segment – Settlement Type N). At 10.08 am, the stock is trading at ₹92.40, which is above the listing price of ₹88.00 per share and the stock is locked in the 5% upper circuit in the morning after a strong listing. The stock of Mason Infratech has a face value of ₹10 per share and the market lot comprises of 2,000 shares. The stock trades under the NSE symbol (MASON) and the ISIN code for demat credits will be (INE0SH001010).

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