Master Components Limited IPO Detail
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:
- Thermoplastic Injection Molding
- Thermoset Injection Molding
- Thermoset transfer molding
- Compression Molding
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 September 30, 2022, the company has over 27 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.
Company Promoters
Mudduraj Kulkarni and Shrikant Joshi are the company's promoters.IPO Details
| IPO Opening Date | Sep 18, 2023 |
| IPO Closing Date | Sep 21, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹140 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹15.43 Cr |
| Fresh Issue | ₹9.80 Cr |
| Offer for Sale | ₹5.63 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.21x | 0.86x | 1.04x | |
| Day 2 | - | - | 1.71x | 2.19x | 1.95x | |
| Day 3 | - | - | 5.89x | 10.11x | 8.20x |
IPO Tentative Timetable
The Master Components Limited IPO open date is Sep 18, 2023, and the close date is Sep 21, 2023. The issue may list on Sep 29, 2023.
| IPO Open Date | Sep 18, 2023 |
| IPO Close Date | Sep 21, 2023 |
| Basis of Allotment Date | Sep 26, 2023 |
| Initiation of Refunds | Sep 27, 2023 |
| Credit of Shares to Demat Account | Sep 28, 2023 |
| IPO Listing Date | Sep 29, 2023 |
IPO Lot Size
The Master Components Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹140000 |
| Maximum | 1 | 1000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.41% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1485.24 | 1842.50 | 93.73 |
| 31-Mar-23 | 1500.57 | 1009.47 | 84.96 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
- Funding Working capital requirements.
- General Corporate Purpose.
Master Components Limited IPO Registrar:
Bigshare Services Pvt Ltd
Master Components Limited IPO Lead Manager(s):
Aryaman Financial Services Limited
Company Contact Information:
Master Components Limited
Plot No. D-10/A and D-10/B, M.I.D.C, Ambad
Nashik
Gujarat
