Master Components IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 18, 2023Let’s have a detailed review of the company and analytics of the Master Components IPO release date, IPO offer price, subscription, Master Components Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 140 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 1000 Shares |
| Listing Date | September 29, 2023 |
| Offer for Sale | Rs 563 Lakh |
| Fresh Issue | Rs 980 Lakh |
| IPO Size | Rs 1,543 Lakh |
| Tick Size | 1 |
Master Components IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Master Components Share Price |
Master Components IPO – Summary
Their Company Master Components Limited is engaged in manufacturing plastic engineering components and subassemblies. Their product is an industrial capital good and it undergoes stringent quality tests to meet industry standards before they are delivered to their clients.
They believe that the proximity of their Nashik facility to the Mumbai- Pune Highway, and the ability to produce a comprehensive range of plastic components provides them with significant competitive advantages.
The Promoter of this company is Mudduraj Kulkarni, Shrikant Joshi, Rajeshwari Kulkarni and Anagha Joshi. The lead manager of the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Master Components IPO Date
The opening and closing dates of Master Components IPO are September 18, 2023 and September 21, 2023, respectively.
Master Components IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 18th Sep | 0.00x | 0.11x | 0.05x |
| 2nd Day – 20th Sep | |||
| 3rd Day – 21st Sep | |||
| Shares Offered or Net Issue | 523,000 | 523,000 | 1,102,000 |
The shares subscribed by the public will be updated here.
Master Components IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Master Components Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | September 26, 2023 |
| Refunds Initiation | September 27, 2023 |
| Credit of Shares to Demat Account | September 28, 2023 |
| Share Listing Date | September 29, 2023 |
Master Components IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.140
Master Components IPO Equity Size
This Initial Public Issue of 1,102,000 Equity Shares of Rs.10 each for cash at a price of Rs.140 per equity share aggregating to Rs.1,543 Lakh.
Master Components IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 700,000 Equity Shares of Rs.10/ each.
Issue Size: 1,102,000 Equity Shares of Rs.10 each, aggregating to Rs.1,543 Lakh
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Master Components IPO – Live Performance
The listing date of this IPO is September 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Master Components Share Price |
Master Components IPO Grey Market Premium
The Master Components Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Master Components IPO – Company Overview
Their manufacturing facility is equipped with the new technology machinery which is situated at D-10A and D-10B, M.I.D.C, Ambad, Nashik -422010, Maharashtra.
They are an International Automotive Task Force (IATF)- 16949-2016 certified and also ISO 9001:2015 certified for Quality Management and believe in improving each day. Their specialization and primary activity is moulding the materials to produce their components. Following are a list of their services:
- Thermoplastic Injection Moulding
- Thermoset Injection Moulding
- Thermoset transfer moulding
- Compression Moulding
All the moulding takes place at their facility on machines which has a capacity ranging from 60-450 tonnes and they mould products ranging from 1gm to 1500gms. They have an on-payroll employee strength of 25 persons as of March 31, 2023, and they also employ contract employees for project-specific work on a professional basis from time to time.
Master Components IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 1659.17 | 1485.24 | 1,419.09 |
| *Total Revenue | 2,090.03 | 1,842.50 | 1,328.75 |
| Total Expense | 1,848.43 | 1,712.20 | 1,223.43 |
| Profit After Tax | 170.54 | 93.73 | 77.18 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.17 | 2.84 | 2.34 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 170.54 Lakh, Rs. 93.73 Lakh and Rs. 77.18 Lakh respectively.
Master Components IPO – Promoters
The Promoter of this company is:
- Mudduraj Kulkarni,
- Shrikant Joshi,
- Rajeshwari Kulkarni
- Anagha Joshi
List of Related Parties (Key Managerial Personnel)
- Mudduraj Kulkarni, Chairman and Managing Director
- Shrikant Joshi, Whole time Director
- Rajeshwari Kulkarni, Non-Executive Director
- Anagha Joshi, Non-Executive Director
Master Components IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – 72.41%
Master Components IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 11,02,000 Equity Shares aggregating up to Rs.1,542.80 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 56,000 Equity Shares aggregating up to Rs.78.40 Lakh |
| Net Issue to the Public | Up to 10,46,000 Equity Shares aggregating up to Rs.1464.40 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 33,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 40,00,000 Equity Shares |
Master Components IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding Working capital requirements;
- General Corporate Purpose
Master Components IPO – Business Strategy
- Augment their fund-based capacities in order to scale up business operations
- To establish a presence in the international market
- Improve cost efficiency
- To build up a professional organization
Master Components IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strategic Location of Unit
- Experienced Promoters and team
- Strong Financial Performance
- Long-standing relationship with Customers
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 5.17 | 14.63% | 35.31 |
| 31-Mar-22 | 2.84 | 9.42% | – |
| Mar-21 | 2.34 | 8.57% | – |
Master Components IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Lakhs) | |
| Master Components Limited | 10 | 27.09 | 5.17 | 14.63% | 2,070.26 |
| Listed Peers | |||||
| Bright Brothers Ltd | 10 | – | – | (5.22)% | 20,673.60 |
| Shaily Engineering Plastic Ltd | 10 | 44.89 | 38.32 | 8.76 | 60,706.58 |
| Mitsu ChemPlast Ltd | 10 | 18.69 | 9.78 | 18.91% | 30,897.45 |
Master Components IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg Fort, Mumbai – 400 001 Tel No.: +91 22 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Vatsal Ganatra SEBI Registration No. INM000011344 |
Master Components IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 Tel. No.: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Babu Raphael SEBI Registration No.: INR000001385 |
Master Components IPO – Other Details
- Statutory Auditor – M/s Bhalchandra D. Karve & Associates, Chartered Accountants
- Legal Counsel to the Company – M/s. Abdus Samee Abdul Qadir Maniyar (a. A. Maniyar) (advocate)
- Bankers to the Company – HDFC Bank Limited
Master Components IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Master Components Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Master Components IPO Review FAQs
Check out various FAQs related to this IPO:
What is the Issue Size of the Master Components IPO?
The Company is making an initial public offer of 1,102,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Master Components IPO?
The price band for this particular IPO ranges between Rs 140. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Master Components IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 18, 2023, while the closing date is set for September 21, 2023.
What is the Master Components IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on September 26, 2023, refund initiation is on September 27, 2023, credit of shares is on September 28, 2023, and share listing date is on September 29, 2023.
What is the Master Components IPO Listing Date?
Shares of this company shall be listed in the exchanges on September 29, 2023. The date, when the listing would be done, is stagnant on September 29, 2023.
Who is the Registrar of Master Components?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Master Components?
Here are the promoters of this IPO – Mudduraj Kulkarni, Shrikant Joshi, Rajeshwari Kulkarni and Anagha Joshi. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of this IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is this IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Master Components Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 170.54, 2022 is 93.73, and 2021 is 77.18.
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