07:11 AM EDT, 07/08/2025 (MT Newswires) -- Masonglory (MSGY) said Monday it has priced an initial public offering of 1.5 million of its ordinary shares at $4 apiece for about $6 million.

The company said it has offered the underwriters a 45-day over-allotment option to buy up to 225,000 additional shares.

Masonglory shares will likely start trading on the Nasdaq Capital Market on Tuesday, the company said, adding that it expects the offering to close on Wednesday.

Net proceeds will be allocated toward staff expansion and additional machinery acquisition, among other purposes, Masonglory said.