Master Components Limited IPO Message Board (Page 2)

As Agarwalji observed GMP is now suddenly 20 Rs.
I apply only for listing gains
Product line is good , but the p/e is on the higher side
Has this GMP COME TODAY ON CLOSING DAY to trap investors
Will the GMP sustain till listing
Senior members views will be highly appreciated

​@lokes @Noorul @MRavichandran @Tejas Pandya @newgen consultancy @abc xyz @MAMU @Heritage Wale Sir/experts what are your views on this? GMP suddenly jump to 20.

​@lokes  Thanks Dear for timely sharing your views always.

Thanks Sir !!

Any gmp or S2 RATE Available ??

This company is our supplier, I am working with them since more than 10 years. Promoter Mr. Kulkarni is a genuine person & can say the financials are not cooked.
I would have applied if they would have kept the valuation little less. As there are many other better IPOs during same period I am skipping this, as I apply only for listing gain.

Contact this company for LM. Make your business into a public limited and list it on SME and keep the valuations fair. We also need listing gains. See you in 6-12 months. Thank you.

Avoiding

Company is in three major types of manufacturing, Thermoplastic Injection Moulding, Thermoset injection Moulding and Compression Moulding.
LM with patchy track record.
OFS is around 1/3rd of the issue while balance is fresh issuance of shares.
On 31-Mar-23, as per RHP page 32, company had 31 employees, and as per RHP page 85 company had 25 employees. Is the company keeping 2 sets of record?
It deposited PF of 36 employees for Aug-23 and 27 employees for Aug-22.
Exports are 6-8% of sales.
Top 5 customers provide 58% of revenue while top 5 suppliers make up 75% of purchases.
Capacity utilisation improving from 60% to 75% to 80%, it seems it may have to go for expansion very soon. In PPE gross block of Rs 14.61 cr, Land & Buildings are Rs 5.55 cr while P&M are 7.15 cr. s
Secured borrowing is a loan from HDFC @ 9.1% while unsecured borrowing is loan from directors @ 9.5%
Material cost as % of sales has gone up from 71% to 74.6% from 20-21 to 22-23, indicating commoditized nature of business. This has helped increasing profits as 10% jump in revenue gave almost 50% jump in PBT.
IPO related expenses are 10.63% of the IPO issue size
Electrical components are the main business segment making up 75% of sales while automobile components make 15% of sales.
Cash flow is decent for the last 3 fiscals. Prospectus is messed up. Do not refer cash flow on page 43, refer cash flow on page 136 of prospectus.
Out of receivables of Rs 4.56 cr, Rs 97 lacs is outstanding for more than 6 months.
Company is getting subsidy from DIC, Rs 8.6 lacs per annum. How long it will continue is not known.
Based on working capital projections, company is targeting revenue of Rs 26 cr for 23-24.

very High price beware Let Few SME Ipo fails Then only promoters will be less greedy and will keep IPO price as per fianancials

very High price beware Let Few SME Ipo fails Then only promoters will be less greedy and will price IPO accordingly

Not a Bad financial,
ROE, ROCE, D/E, PE,
Constant revenue and profit increase YOY.
I think Good one.

​@NeoLongus No idea about dead GMP, May be increased day by day. OR may listing pe surprise karega.

​@newgen consultancy @Jetha Lal  Whats your view about financial?

Issue Price : 140
Issue size : 15 cr

Avoiding this wealth destructing IPO

Not worth more than Inr 30/Per share