Masonglory Completes $6 Million IPO

Masonglory Limited has closed a $6 million initial public offering (IPO) on the Nasdaq Composite. The company's stock has been added to the index, and it joins other recently listed companies such as Ten-League International Holdings Limited and Rich Sparkle Holdings Limited. The IPO marks a significant milestone for Masonglory as it continues to grow its business and expand its reach in the market.

Masonglory Limited, a Hong Kong-based subcontractor specializing in wet trades, has successfully closed its initial public offering (IPO) on the Nasdaq Composite. The company sold 1,500,000 ordinary shares at $4.00 per share, raising a total of $6,000,000 in gross proceeds [1]. Trading commenced on the Nasdaq Capital Market on July 8, 2025, under the ticker symbol "MSGY" [2].

The IPO marks a significant milestone for Masonglory Limited, which provides wet trades and related ancillary services to property developers and the Hong Kong government. The company's stock has been added to the Nasdaq Composite, joining other recently listed companies such as Ten-League International Holdings Limited and Rich Sparkle Holdings Limited.

The net proceeds from the IPO will be allocated across several strategic areas, including workforce expansion (15%), machinery acquisition (15%), project portfolio diversification (15%), marketing efforts (15%), and working capital (40%) [1]. The funds will support the company's growth and expansion plans, aiming to enhance its market presence and operational capabilities.

Masonglory Limited's IPO was conducted on a firm commitment basis by D. Boral Capital LLC, which acted as the sole underwriter for the offering [1]. The company filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) and received approval for the listing on the Nasdaq Capital Market [1].

The IPO also includes a 45-day over-allotment option for the underwriter to purchase up to an additional 225,000 shares at the public offering price [2]. This option provides flexibility for the company to meet any increased demand for its shares.

In conclusion, Masonglory Limited's successful IPO on the Nasdaq Composite is a significant step forward in its growth journey. The company's strategic allocation of funds and the support of a reputable underwriter position it well for future expansion and market success.

References:
[1] https://www.nasdaq.com/articles/masonglory-limited-announces-initial-public-offering-pricing-and-nasdaq-listing
[2] https://www.stocktitan.net/news/MSGY/masonglory-limited-announces-closing-of-its-initial-public-nu5lv7ryei81.html