Master Components, a manufacturer of plastic engineering components and subassemblies in the industrial capital goods sector, was incorporated on December 27, 1999.
| Bidding Dates |
|---|
| 18 Sep 2023 - 21 Sep 2023 |
| Subscription |
|---|
| 7.64x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,000 | 1 | 1 | 1000 | 1.1 M | ₹140 | 72.45 % | ₹154.3 M | RHP DOC |
Master Components IPO SUBSCRIPTION STATUS
21 Sep '23Master Components IPO overall subscription rate was 7.64 times the total available shares
Master Components IPO retail subscription rate was 9.59 times in the retail segment
Master Components IPO non-institutional investor subscription rate was 5.7 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
21 Sep 2023 (Day 3) | 9.59x | 5.7x | - |
20 Sep 2023 (Day 2) | 2.06x | 1.72x | - |
18 Sep 2023 (Day 1) | 0.81x | 1.14x | - |
Master Components FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 17.1 | 207.0 | 6.5 | -1.4 | 16.1% |
| FY22 | 9.4 | 182.4 | -0.6 | -2.8 | 2.7% |
| FY21 | 7.7 | 132.5 | 8.4 | 1.2 | 16.8% |
Master Components IPO SUBSCRIPTION STATUS DETAILS
Master Components had 1.1 M shares on offer
Master Components IPO offer price was ₹140
Master Components IPO minimum Investment was ₹140000
Master Components IPO issue size was ₹ 154.0 M
Master Components had a minimum lot size of 1000 Shares per application
Master Components NUMBER OF SHARES ON OFFER
Master Components IPO IMPORTANT DATES
| Issue Open Date | 18 Sep 2023 |
| Issue close Date | 21 Sep 2023 |
| Allotment Date | 26 Sep 2023 |
| Refund Date | 27 Sep 2023 |
| Demat Account Credit Date | 28 Sep 2023 |
| Listing Date | 29 Sep 2023 |
| Listing on Exchange(s) | NSE |
| Master Components Allotment Status | Exchange |
Master Components IPO subscription opened on 18 Sep 2023, and closed on 21 Sep 2023
IPO allotment for Master Components was finalized on Tuesday, 26 Sep 2023
IPO listing for Master Components was on NSE on Friday, 29 Sep 2023
Master Components IPO LISTING GAINS
| Issue Price (adjusted) | 140.0 |
| Listing Open Price | 140.4 |
| Listing Close Price | 140.2 |
| Listing Gain% | 0.3% |
| Current Gain% | 239.3% |
Master Components Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Master Components Ltd. | 475 | 190 | 25.5 | 1.7 | 2.5 | 20.2 | 12.6 | 74.7 | 74.4 | 7.4 | 14.6 | 18.6 | 14.6 |
| Supreme Industries Ltd. | 3495 | 44395.9 | 43 | 2.7 | 3.9 | 15.5 | 12.2 | 11262.5 | 7.2 | 954 | -0.7 | 81.3 | 16 |
| Astral Ltd. | 1437 | 38605 | 71.9 | 29.4 | 5.9 | 13.2 | 9.2 | 6615.9 | 12.6 | 536.6 | 2.4 | 20 | 2.4 |
| Shaily Engineering Plastics Ltd. | 3367.4 | 15474.1 | 87.5 | 1.7 | 15.1 | 23.7 | 14.8 | 998.4 | 26.5 | 169.9 | 82.5 | 38.5 | 51.3 |
| Time Technoplast Ltd. | 206.9 | 10212.8 | 20.8 | 1 | 1.6 | 11.5 | 8.3 | 6114.4 | 11.9 | 468.7 | 20.8 | 9.9 | 21.3 |
| Finolex Industries Ltd. | 161.3 | 10010.2 | 16.3 | 0.3 | 2.5 | 9.6 | 7.9 | 4324.8 | -1.5 | 599 | -25.1 | 9.9 | 54.8 |
Master Components INFORMATION ON IPO ISSUE
About Master Components
Master Components, a manufacturer of plastic engineering components and subassemblies in the industrial capital goods sector, was incorporated on December 27, 1999.
Object of the Issue
- Funding working capital requirements
- General corporate purpose
Master Components - PROMOTERS
| Name |
|---|
| Mudduraj Kulkarni |
| Shrikant Joshi |
| Rajeshwari Kulkarni |
| Anagha Joshi |
Master Components Lead Manager To The Issue
Aryaman Financial Services
ipo@afsl.co.in
Master Components Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Master Components Strengths
Financial performance
Despite facing disruptions such as the COVID-19 pandemic, the company has maintained strong performance and profitability
Strategic location
Its manufacturing hub is strategically located in the well-developed M.I.D.C industrial area of Nashik. The facility benefits from excellent infrastructure, including convenient transport links and easy access to raw materials and labour from the surrounding area
Master Components Risks
Dependent on few customers
MW: A significant chunk of its revenue relies on a limited customer base, and the company lacks long-term supply agreements with these key clients, adding an element of risk to its financial stability
Negative cash flows
The company has had negative cash flows from its investing and financing activities. Sustained negative cash flow could impact its growth
IPO FAQs
This IPO consists of an offer for sale of up to Rs 5.6 crore, of 402,000 shares. It also consists of a fresh issue of Rs 9.8 crore.
The promoters of the company are Mudduraj Kulkarni, Shrikant Joshi, Rajeshwari Kulkarni and Anagha Joshi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 140.0 - 140.0.
The IPO application opens on Sep 18, 2023 and closes on Sep 21, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Sep 26, 2023.
The refund will be credited to your account on Sep 27, 2023.
The allotted shares will be credited to your demat on Sep 28, 2023.
Master Components Ltd.’s shares listed on the stock exchanges on Sep 29, 2023.