Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Mon, Sep 18, 2023 - Thu, Sep 21, 2023
Master Components IPO is a fixed price issue of ₹15.43 crores. The issue is a combination of fresh issue of 0.07 crore shares aggregating to ₹9.80 crores and offer for sale of 0.04 crore shares aggregating to ₹5.63 crores.
Master Components IPO bidding started from Sep 18, 2023 and ended on Sep 21, 2023. The allotment for Master Components IPO was finalized on Sep 26, 2023. The shares got listed on NSE SME on Sep 29, 2023.
Master Components IPO price is ₹140 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Master Components IPO RHP for detailed Information.
IPO Open
Mon, Sep 18, 2023
IPO Close
Thu, Sep 21, 2023
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹56.00 Cr
| IPO Date | 18 to 21 Sep, 2023 |
| Listed on | Fri, Sep 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 11,02,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 56,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.7840 Cr) |
| Fresh Issue (Ex Market Maker) | 6,44,000 shares (agg. up to ₹9 Cr) |
| Offer for Sale | 4,02,000 shares of ₹10 (agg. up to ₹6 Cr) |
| Net Offered to Public | 10,46,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 33,00,000 shares |
| Share Holding Post Issue | 40,00,000 shares |
| NSE Symbol | MASTER |
| ISIN | INE0OJM01017 |
Master Components IPO comprises a total issue size of 11,02,000 shares. The net offer to the public is 10,46,000 shares, after excluding 56,000 shares allotted on a firm basis. Of the Net offer 5,23,000 (50.00%) allocated to NII 5,23,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,23,000 | 50.00% | 47.46% |
| Retail Shares Offered | 5,23,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 56,000 | 5.08% | |
| Total Shares Offered | 11,02,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 16.59 | 14.85 | 14.19 | 14.61 |
| Total Income | 20.90 | 18.43 | 13.28 | 15.36 |
| Profit After Tax | 1.71 | 0.94 | 0.76 | 1.32 |
| NET Worth | 11.65 | 9.95 | 9.01 | 8.25 |
| Reserves and Surplus | 8.35 | 9.65 | 8.71 | 7.95 |
| Total Borrowing | 0.94 | 1.73 | 2.16 | 3.77 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working capital requirements; | 6.82 |
| 2 | General Corporate Purpose | 1.93 |
| KPI | |
|---|---|
| ROE | 59.68% |
| ROCE | 59.24% |
| Debt/Equity | 0.08 |
| RoNW | 14.63% |
| PAT Margin | 8.24% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.17 | |
| P/E (x) | 27.09 | 32.86 |
| Promoter Holding | 100.00% | 72.41% |
| Market Cap | ₹56.00 Cr. |
The Master Components IPO is subscribed 8.2 times on September 21, 2023 7:29:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 5.89 | 5,23,000 | 30,82,000 |
| Retail | 10.11 | 5,23,000 | 52,85,000 |
| Total | 8.2 | 10,46,000 | 85,81,000 |
Total Application : 5,285
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.38 |
| 2 | Underwriting, Brokerage and selling commission | 1.10 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹140.40 |
| Low | ₹140.15 |
| High | ₹142.00 |
| Last Trade | ₹140.20 |
Lead Manager Reports
Master Components IPO is a SME IPO of 11,02,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Sep 18, 2023, and closes on Thu, Sep 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 Mon, Sep 18, 2023 and closes on Thu, Sep 21, 2023.
Master Components IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Master Components IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Thu, Sep 28, 2023. Check the Master Components IPO allotment status.
The Master Components IPO listing date is on Fri, Sep 29, 2023.
