Mason Infratech shares made a strong debut on the stock market, listing at ₹88 per share on the NSE SME, 37.5% above the issue price of ₹64.
The IPO listing surpassed market expectations, as Mason Infratech shares were trading at a ₹10 premium in the unlisted market, indicating a grey market premium (GMP) of 15.6%.
Mason Infratech, a real estate construction company, launched its IPO on June 24, with the subscription period closing on June 26. The allotment was finalized on June 27, and the shares listed on July 1.
The IPO price band was set between ₹62 and ₹64 per share. At the upper end, the company raised ₹30.46 crore from the fresh issue of 47.6 lakh shares.
Expert Global Consultants Private Limited managed the IPO, while Kfin Technologies Limited acted as the registrar.
Mason Infratech focuses on construction services for residential and commercial buildings, including new and redevelopment projects, mainly in the Mumbai Metropolitan Area.
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