Master Components IPO will open for subscription from 18 September 2023. The company aims for an issue size of ₹15.43 Cr through this IPO.
Company Overview
| Full name | Master Components Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | https://www.master-group.in/ |
About Company
Incorporated in 1999, Master Components is engaged in manufacturing plastic engineering components and subassemblies. The company’s industrial capital goods products are used as input by the following sectors: Electrical, Industrial, Medical, and Automotive. Master Components’ specialization and primary activities are molding the materials to produce its components. Following are list of the services:
- Thermoplastic Injection Moulding
- Thermoset Injection Moulding
- Thermoset transfer moulding
- Compression Moulding
All the moulding takes place at the facility on machines that have a capacity ranging from 60-450 tonnes and it moulds products ranging from 1 gm to 1,500 gms. The company has an on-payroll employee strength of 25 persons as of 31 March 2023.
The Objectives of the Issue
- Funding Working capital requirements.
- General Corporate Purpose.
IPO Timetable
| IPO Opening date | 18 September 2023 |
| IPO Closing | 21 September 2023 |
| Basis of Allotment | 26 September 2023 |
| Initiation Refund | 27 September 2023 |
| Credit to Demat Account | 28 September 2023 |
| Listing Date | 29 September 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹1543 Cr – 1,102,000 shares |
| Fresh Issue | ₹9.80 Cr – 700,000 shares |
| Offer for sale | ₹5.63 Cr – 402,000 shares |
| Face value | ₹10 per share |
| Offer Price | ₹140 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 56,000 shares |
| Shareholding pre-issue | 3,300,000 |
| Shareholding post-issue | 4,000,000 |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
Reservation Details
| 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%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 13.25 | 18.24 | 20.70 |
| Expenses | 12.23 | 17.12 | 18.48 |
| Net income | 0.77 | 0.94 | 1.71 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.34 | 2.84 | 5.17 |
| PE ratio | – | – | 27.08 |
| RONW (%) | 8.57 | 9.42 | 14.63 |
| NAV | – | – | 35.31 |
| ROCE (%) | 11.73 | 12.50 | 19.91 |
| EBITDA (%) | 16.28 | 12.69 | 16.14 |
| Debt/Equity | 0.24 | 0.17 | 0.08 |
Company Promoters
- Mudduraj Kulkarni
- Shrikant Joshi
- Rajeshwari Kulkarni
- Anagha Joshi
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.41% |
Lead Manager(s)
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
MASTER COMPONENTS LIMITED
Plot No. D-10/A and D-10/B,
M.I.D.C, Ambad, Nashik -422010, Maharashtra
Phone: +91 9823016315/ 9823154115
E-mail: compliance@master-components.com
Website: www.master-group.in/master-components
Allotment Status
Master Components IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Master Components IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
