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Master Components IPO Detail 2023

Master Components IPO Detail 2023

Introduction

The Master Components IPO will open on September 18 and close on September 21, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 15.43 crore through this public offering, consisting of 11 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 140 per share.

Master Components Limited (“the Company”)

Master Components Limited was incorporated in 2010. The company is engaged in manufacturing plastic engineering components and subassemblies. Its product is an industrial capital good and it undergoes stringent quality tests to meet industry standards before they are delivered to its clients. 

Its specialization and primary activity is molding the materials to produce its components. Following are a list of its services:  

  • Thermoplastic Injection Moulding  
  • Thermoset Injection Moulding  
  • Thermoset transfer moulding  
  • Compression Moulding

Its product is used as input by the following sectors:

  • Electrical
  • Industrial
  • Medical
  • Automotive

Its manufacturing facility is equipped with the new technology machinery which is situated at Nashik, Maharashtra. The company is an International Automotive Task Force (IATF)- 16949-2016 certified and also ISO 9001:2015 certified for Quality Management and believes in improving each day.

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. Funding Working capital requirements.
  2. General Corporate Purpose.

Financial Highlights (Restated)

ParticularsFY 2021-22FY 2020-21FY 2019-20
Net Worth994.77901.04824.90
Total Assets1,485.241,419.091,460.93
Reserve & Surplus964.77871.04794.77
Total Borrowings173.33216.29376.54
Total Revenue1,842.501,327.721,535.68
Profit After Tax93.7376.14132.22
(Amount in ₹ Lakhs)

IPO details: Master Components IPO

As per the DRHP filed with SEBI, 11 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 0.56 lakh shares of the offering. While Aryaman Financial Services Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.

Issue TypeFixed Price Issue IPO
IPO Price₹ 140 per share
Face Value₹10 per share
Market Lot1,000 shares
Issue Size1,102,000 shares (aggregating up to ₹ 15.43 crores)
Fresh Issue700,000 shares (aggregating up to ₹ 9.80 crores)
Offer for Sale402,000 shares (aggregating up to ₹ 5.63 crores)
Listing AtNSE SME

Market Maker detail

Market makerAryaman Capital Markets
Market maker portion56,000 shares

Shareholding Pattern

Shareholding pre-issue3,300,000
Shareholding post issue4,000,800

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the net offer
Retail shares offered50% of the net offer

GMP: Master Components IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Master Components IPO

The issue opens for subscription on September 18, 2023, and closes for subscription on September 21, 2023 (both days inclusive). The basis of allotment will be finalised on September 26, 2023, and the refunds will be initiated on September 27, 2023. In addition, the demat credits are expected to happen on September 28, 2023, and the stock will be listed on the BSE SME on September 29, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateSeptember 18, 2023
Closing DateSeptember 21, 2023
Basis of AllotmentSeptember 26, 2023
Initiation of RefundsSeptember 27, 2023
A credit of shares to Demat A/cSeptember 28, 2023
Listing DateSeptember 29, 2023

Lot Size

The lot size of the Master Components IPO is 1,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,000 shares of ₹ 140,000.

ApplicationsLotsSharesAmount
Retail (Minimum)11,000₹ 140,000
Retail (Maximum)11,000₹ 140,000
HNI (Minimum)22,000₹ 280,000

Promoters Holdings 

Mudduraj Kulkarni and Shrikant Joshi are the promoters of the company.

Pre-issue Shares Holdings100%
Post-issue Shares Holdings72.41%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationMaster Components Limited
Plot No. D-10/A and D-10/B, M.I.D.C,Ambad, Nashik – 422010
Phone: +91 9823016315
Email: [email protected]
Website: https://master-group.in/components
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager(s)Aryaman Financial Services Limited

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