Master Components IPO : All You Need to Know

Master Components IPO is set to launch on 18 September, 2023. The company initiated its business operations in the year 1989. It manufactures plastic engineering components and sub-assemblies. The process includes moulding the material and then making new ones out of the same. Its products are used in various businesses such as Medical, electrical, Automotive, Electrical etc. The company’s services includes Thermoset Injection Molding, thermoplastic Injection Molding, Compression Molding and thermoset transfer moulding. 

Master Components IPO DETAILS

Master Components IPO is set to launch on 18 September, 2023. The subscription timeline extends till 21 September, 2023. The size for the IPO is 15.43 Crore Rs. Shares issued through fresh issue mode are worth 9.80 Crore Rs. Shares issued through offer for sale mode are worth Rs 5.63 Crore Rs. The lot size is 1000 shares and the price is 140 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Bigshare Services Private Limited.

Tabular Description of Master Components IPO 

Master Components IPO : IMPORTANT DATES

Master Components IPO begins for subscription from 18 September, 2023. The IPO subscription would continue till 21 September, 2023. The allotment status for the shareholders who applied would come on 26 September, 2023. The refunds for the ones who did not get allotment would be initiated on 27 September, 2023. The DEMAT accounts of shareholders would be credited on 28 September, 2023. The listing of the company would be completed on 29 September, 2023.

Master Components IPO : Lead Managers

The lead managers are :

• Aryaman Financial Services Limited

The minimum lot size for the company is decided at 1000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will also be used for expansion purposes.

COMPANY FINANCIALS

Master Components had an asset base of 1419 Lakh Rs in the year 2021. This increased marginally to 1485 Lakh Rs in the year 2022. However in the year 2023 this again increased to 1659 Lakh Rs. Hence a consistent growth is witnessed in the asset base increase of the firm. On the other hand the revenue of the company was 1327 Lakh Rs in the year 2021. This increased to 1842 Lakh Rs in the year 2022. In the next year the revenue crossed the milestone of 2000 Lakh Rs. 

The company’s profit margin has been lower than 10% consistently over the years. The profit of the firm was 76 Lakh Rs in the year 2021. This increased by 17 Lakh Rs in the year 2022 to 93 Lakh Rs. In the next year the profit jumped to 170 lakh Rs. This is a more than 123% increase in the same in comparison the figures of the year 2021.

PROS

• Its products are used in various businesses such as Medical, electrical, Automotive, Electrical etc. 
• The company’s services includes Thermoset Injection Molding, thermoplastic Injection Molding, Compression Molding and thermoset transfer moulding. 

CONS

• The company works in a highly competitive segment.

Master Components IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Master Components IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.