Master Components IPO GMP Details
Master Components Limited, Incorporated in 1999, specialises in the manufacture of plastic engineering components and sub-assemblies. The company’s core expertise lies in molding materials to create various components used in applications across the Electrical, Medical, Industrial, and Automotive sectors. Their service portfolio includes:
- Thermoplastic Injection Molding
- Thermoset Injection Molding
- Thermoset Transfer Molding
- Compression Molding
Master Components operates its manufacturing facility along the Mumbai-Pune Highway in Nashik. This facility boasts a production capacity ranging from 60 to 450 tonnes, with the molded products varying in weight from 1gm to 1500 gms.
As of March 31, 2023, the company employs a workforce of over 25 employees, occasionally supplemented with contract workers for specific projects.
Master Components Limited is part of the larger Master Group, which comprises more than three factories and a workforce of over 120 employees. The group also owns Master Mould Pvt. Ltd., a company specializing in the design and manufacturing of various injection, compression, and transfer molds.
Master Components Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue (Master Components IPO Objectives)
The company intends to utilize the Net Proceeds from the Issue for the following purposes:
- Meeting working capital requirements.
- Addressing general corporate purposes.
Master Components IPO Details
The Master Components IPO is a fixed-price offering worth Rs 15.46 crores. This IPO consists of a fresh issue of 7.01 lakh shares, totaling Rs 9.81 crores, and an offer for sale of 4.03 lakh shares, amounting to Rs 5.64 crores.
| 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 | 1,104,000 shares (aggregating up to ₹15.46 Cr) |
| Fresh Issue | 700,800 shares (aggregating up to ₹9.81 Cr) |
| Offer for Sale | 403,200 shares of ₹10 (aggregating up to ₹5.64 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,300,000 |
| Share holding post issue | 4,000,800 |
| Market Maker portion | 57,600 shares Aryaman Capital Markets |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Master Components IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Master Components IPO Lot Size
Investors can place bids for a minimum of 1000 shares and increase their bids in multiples of 1000 shares. The table below illustrates the minimum and maximum investments that retail investors and HNIs can make in terms of both shares and the corresponding amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
Master Components IPO Dates
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 |
Master Components Limited Financial Report
| 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 |
Key Performance Indicator of Master Components Ltd
| KPI | Values |
|---|---|
| P/E (x) | 27.09 |
| ROE | 59.68% |
| ROCE | 59.24% |
| Debt/Equity | 0.08 |
| EPS (Rs) | 5.17 |
| RoNW | 14.63% |
Master Components IPO Promoter Holding
Mudduraj Kulkarni and Shrikant Joshi are the company’s promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.41% |
Master Components IPO Contact Details
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
Master Components IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Master Components IPO FAQs
What is Master Components IPO?
The Master Components IPO is a SME IPO comprising 1,104,000 equity shares with a face value of ₹10 each, aggregating up to ₹15.46 Crores. The IPO is priced at ₹140 per share, and the minimum order quantity is 1000 Shares. It is scheduled to open on September 18, 2023, and will close on September 21, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are proposed to be listed on NSE SME.
How can I apply for Master Components IPO through Zerodha?
Zerodha customers can apply online for the Master Components IPO using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), and submit an IPO application form. Here are the steps:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click on the IPOs link.
3. Find the ‘Master Components IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When will the Master Components IPO open?
The Master Components IPO is scheduled to open on September 18, 2023, and will close on September 21, 2023.
What is the lot size for Master Components IPO?
The lot size for the Master Components IPO is 1000 Shares, and the minimum investment amount required is ₹140,000.
How can I apply for Master Components IPO?
You can apply for the Master Components IPO online using either UPI or ASBA as the payment method. ASBA IPO application can be done through the net banking of your bank account, while UPI IPO application is offered by brokers who do not provide banking services. For more details on how to apply, you can read about applying for IPOs online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Master Components IPO allotment take place?
The finalization of the Basis of Allotment for the Master Components IPO is scheduled for Tuesday, September 26, 2023. The allotted shares will be credited to your demat account by Thursday, September 28, 2023. You can check the Master Components IPO allotment status for updates.
When is the Master Components IPO listing date?
The listing date for the Master Components IPO has not been announced yet. The tentative listing date for the Master Components IPO is Friday, September 29, 2023.
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