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Master Components IPO is a fixed price issue of Rs 15.43 crores. The issue is a combination of fresh issue of 7 lakh shares aggregating to Rs 9.80 crores and offer for sale of 4.02 lakh shares aggregating to Rs 5.63 crores.
Master Components IPO bidding started from September 18, 2023 and ended on September 21, 2023. The allotment for Master Components IPO was finalized on Tuesday, September 26, 2023. The shares got listed on NSE SME on September 29, 2023.
Master Components IPO price is ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.
Aryaman Financial Services Limited is the book running lead manager of the Master Components IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Master Components IPO is Aryaman Capital Markets.
Refer to Master Components IPO RHP for detailed information.
| IPO Date | September 18, 2023 to September 21, 2023 |
| Listing Date | September 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,102,000 shares (aggregating up to ₹15.43 Cr) |
| Fresh Issue | 700,000 shares (aggregating up to ₹9.80 Cr) |
| Offer for Sale | 402,000 shares of ₹10 (aggregating up to ₹5.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,300,000 |
| Share holding post issue | 4,000,000 |
| Market Maker portion | 56,000 shares Aryaman Capital Markets |
Master Components IPO offers 1,102,000 shares. 523,000 (47.46%) to NII, 523,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 56,000 (5.08%) |
| Other Shares Offered | 523,000 (47.46%) |
| Retail Shares Offered | 523,000 (47.46%) |
| Total Shares Offered | 1,102,000 (100%) |
Master Components IPO opens on September 18, 2023, and closes on September 21, 2023.
| IPO Open Date | Monday, September 18, 2023 |
| IPO Close Date | Thursday, September 21, 2023 |
| Basis of Allotment | Tuesday, September 26, 2023 |
| Initiation of Refunds | Wednesday, September 27, 2023 |
| Credit of Shares to Demat | Thursday, September 28, 2023 |
| Listing Date | Friday, September 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 21, 2023 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
| Lot Size Calculator | |||
Mudduraj Kulkarni, Shrikant Joshi, Rajeshwari Kulkarni, and Anagha Joshi are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.41% |
Incorporated in 1999, Master Components Limited is engaged in manufacturing plastic engineering components and sub-assemblies.
The company's primary activity is molding the materials to produce new components for Electrical, Medical, Industrial, and Automotive sector applications. Following is the list of their services:
Master Components' manufacturing facility is located in Nashik on the Mumbai- Pune Highway. The facility has a capacity ranging from 60-450 tonnes and the products molded range from 1gm to 1500 gms.
As of March 31, 2023, the company has over 25 employees. The company also employs contract employees for project-specific work from time to time.
Master Components Limited is a part of Master Group, which has more than 3 factories and over 120 employees. Master Group also owns Master Mould Pvt. Ltd., a designing and manufacturing company of all types of injection, compression, and transfer molds.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,460.93 | 1,419.09 | 1,485.24 | 1,659.17 |
| Revenue | 1,535.68 | 1,327.72 | 1,842.50 | 2,090.03 |
| Profit After Tax | 132.22 | 76.14 | 93.73 | 170.54 |
| Net Worth | 824.90 | 901.04 | 994.77 | 1,165.31 |
| Reserves and Surplus | 794.90 | 871.04 | 964.77 | 835.31 |
| Total Borrowing | 376.54 | 216.29 | 173.33 | 93.96 |
The market capitalization of Master Components IPO is Rs 56 Cr.
| KPI | Values |
|---|---|
| ROE | 59.68% |
| ROCE | 59.24% |
| Debt/Equity | 0.08 |
| RoNW | 14.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.17 | |
| P/E (x) | 27.09 | 32.86 |
The company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It has posted growth in its top line but super earnings for FY23 raises concern over the sustainability of margins. Based on FY23 performance, the issue appears aggressively priced. The small equity capital post IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet. Read detail review...
The Master Components IPO is subscribed 8.20 times on September 21, 2023 7:29:00 PM. The public issue subscribed 10.11 times in the retail category, times in the QIB category, and 5.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 5.89 |
| Retail | 10.11 |
| Total | 8.20 |
Total Application : 5,285 (10.11 times)
| Listing Date | September 29, 2023 |
| BSE Script Code | |
| NSE Symbol | MASTER |
| ISIN | INE0OJM01017 |
| Final Issue Price | ₹140 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹140.00 |
| ₹140.40 |
| ₹140.15 |
| ₹142.00 |
| ₹140.20 |
Master Components Limited
Plot No. D-10/A
and D-10/B, M.I.D.C,
Ambad, Nashik - 422010
Phone: +91 9823016315
Email: compliance@master-components.com
Website: https://master-group.in/components
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Master Components IPO is a SME IPO of 1,102,000 equity shares of the face value of ₹10 aggregating up to ₹15.43 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000 Shares.
The IPO opens on September 18, 2023, and closes on September 21, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Master Components IPO using UPI as a payment gateway. Zerodha customers can apply in Master Components IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Master Components IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Master Components IPO opens on September 18, 2023 and closes on September 21, 2023.
Master Components IPO lot size is 1000 Shares, and the minimum amount required is ₹140,000.
You can apply in Master Components IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Master Components IPO will be done on Tuesday, September 26, 2023, and the allotted shares will be credited to your demat account by Thursday, September 28, 2023. Check the Master Components IPO allotment status.
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