The Master Components IPO is a fixed-price offering aimed at raising Rs 15.43 crores. This IPO consists of a combination of a fresh issue of 7 lakh shares, aggregating to Rs 9.80 crores, and an offer for sale of 4.02 lakh shares, also aggregating to Rs 5.63 crores.
Here are the key details:
- Subscription Period: The Master Components IPO opens for subscription on September 18, 2023, and closes on September 21, 2023.
- Allotment Date: The allotment for the Master Components IPO is expected to be finalized on Tuesday, September 26, 2023.
- Listing Date: The shares from the Master Components IPO are set to list on NSE SME, with a tentative listing date scheduled for Friday, September 29, 2023.
- IPO Price: The IPO price for Master Components is fixed at ₹140 per share.
- Lot Size: The minimum lot size for an application is 1000 shares.
- Minimum Investment: Retail investors are required to invest a minimum of ₹140,000 to participate in the IPO. High Net Worth Individuals (HNIs) have a minimum investment of 2 lots, equivalent to 2,000 shares, amounting to ₹280,000.
- Key Players: Aryaman Financial Services Limited is the book running lead manager for the Master Components IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Aryaman Capital Markets acts as the market maker for Master Components IPO.
For more detailed information, investors are advised to refer to the Master Components IPO Red Herring Prospectus (RHP). These details provide valuable insights for investors considering participation in the Master Components IPO.
Master Components IPO Details #
| IPO Date | September 18, 2023 to September 21, 2023 |
| Listing Date | [.] |
| 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 Reservation #
Master Components IPO a total of 1,102,000 shares are offered. RII: 523,000 (47.46%), NII: 523,000 (47.46%).
| 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 Timeline (Tentative Schedule) #
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 IPO Lot Size #
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 | |||
Master Components IPO Promoter Holding #
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% |
About Master Components IPO #
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 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.
Company Financials #
| 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 #
Master Components IPO Market Cap is Rs 56 Cr and P/E (x) is 27.09.
| KPI | Values |
|---|---|
| P/E (x) | 27.09 |
| Post P/E (x) | 32.86 |
| Market Cap (₹ Cr.) | 56 |
| ROE | 59.68% |
| ROCE | 59.24% |
| Debt/Equity | 0.08 |
| EPS (Rs) | 5.17 |
| RoNW | 14.63% |
Objects of the Issue (Master Components IPO Objectives) #
The company proposes to utilize the Net Proceeds from Issue towards funding the following objects:
- Funding Working capital requirements.
- General Corporate Purpose.
Master Components IPO Subscription Status (Bidding Detail) #
The Master Components IPO is subscribed 0.66 times on Sep 18, 2023 3:55:00 PM. The public issue subscribed 0.51 times in the retail category, [.] times in the QIB category, and 0.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
Master Components IPO Prospectus #
- › Master Components IPO DRHP
- › Master Components IPO RHP
Master Components IPO Contact Details #
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 #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs #
What is the total issue size of the Master Components IPO? #
The Master Components IPO aims to raise ₹15.43 crores through a combination of a fresh issue of 7 lakh shares, aggregating to ₹9.80 crores, and an offer for sale of 4.02 lakh shares, aggregating to ₹5.63 crores.
When does the Master Components IPO subscription period start and end? #
The subscription period for the Master Components IPO opens on September 18, 2023, and closes on September 21, 2023.
When will the allotment for the Master Components IPO be finalized? #
The allotment for the Master Components IPO is expected to be finalized on Tuesday, September 26, 2023.
When is the listing date for shares from the Master Components IPO? #
The shares from the Master Components IPO are tentatively scheduled to list on NSE SME on Friday, September 29, 2023.
What is the IPO price for Master Components shares? #
The IPO price for Master Components is fixed at ₹140 per share.
What is the minimum lot size for an application in the Master Components IPO? #
The minimum lot size for an application in the Master Components IPO is 1000 shares.
Who are the key players involved in the Master Components IPO? #
Aryaman Financial Services Limited is the book running lead manager for the Master Components IPO, while Bigshare Services Pvt Ltd serves as the registrar for the issue. Aryaman Capital Markets acts as the market maker for Master Components IPO.
Who are the promoters of Master Components Limited? #
Mudduraj Kulkarni, Shrikant Joshi, Rajeshwari Kulkarni, and Anagha Joshi are the promoters of the company.
What are the key financial indicators of Master Components Limited as of March 31, 2023? #
Price/Earnings (P/E) Ratio: 27.09
Market Capitalization: ₹56 crores
Return on Equity (ROE): 59.68%
Return on Capital Employed (ROCE): 59.24%
Debt/Equity Ratio: 0.08
Earnings Per Share (EPS): ₹5.17
Return on Net Worth (RoNW): 14.63%
What are the objectives of the Master Components IPO? #
The company proposes to utilize the Net Proceeds from the Issue for the following purposes:
Funding Working capital requirements.
General Corporate Purpose.
