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Master Components IPO Allotment Status, Release Date, Direct Link

Master Components IPO Allotment

The Master Components initial public offering (IPO) subscription period opened on Monday, September 18, 2023, and ended on September 21, 2023. The goal of Master Components’ IPO is to raise around ₹15.46 crores. 50% is the retail quota, [.]% is the QIB, and 50% is the NII. A market lot of 1000 shares and a price range of ₹140 are set for the Master Components IPO. September 26, 2023, will be the day of Master Components IPO Allotment Status, September 27, 2023, will be the date of refund start, September 28, 2023, is the date of share credit to Demat, and September 29, 2023, is the date of listing.

Master Components IPO Allotment Status

The Master Components IPO Allotment Status will receive the expected 8.20 subscriptions, on the last day of the bidding procedure. As to, bids were received for 85,81,000 equity shares in the public offering, whereas the offer consisted of 10.46 lakh shares. 10.11 subscriptions in the retail category and 5.89 subscriptions in the Non-Institutional Investors (NII) category were obtained for the Master Components IPO.

The business intends to collect ₹15.43 crore via the inaugural public offer of Master Components IPO Allotment Status, which is an SME IPO. The IPO consists of an offer for sale (OFS) of 4.02 lakh equity shares, totaling ₹5.63 crore, and a new issuance of 7 lakh equity shares, totaling ₹9.80 crore. The application fee for the Master Components IPO is ₹140,000, and the minimum market lot is 1000. It will list on the NSE and is an NSE SME IPO.

Master Components IPO GMP

According to market experts, the grey market premium (GMP) for Master Components’ initial public offering (IPO) is now valued at 20 per share. This suggests that the price at which the Master Components shares are being traded on the grey market is twenty euros more than their issue price.

Company NameMaster Components Limited
IPO OpenSeptember 18, 2023
IPO CloseSeptember 21, 2023
IPO SizeApprox ₹15.46 Crores, 1,104,000 Equity Shares
Face Value₹10 Per Equity Share
IPO Price Band₹140 Per Equity Share
Retail Quota50% of the net offer
NII Quota50% of the net offer
Basis of AllotmentSeptember 26, 2023
Initiation of RefundsSeptember 27, 2023
The credit of Shares to DematSeptember 28, 2023
Listing DateSeptember 29, 2023
IPO Listing onNSE SME

Taking into account the GMP as of today as well as the price at which the IPO was offered, it is predicted that each Master Components share will list for 160, which represents a premium of 14.3% over the price at which they were originally offered.

How to check the Master Components IPO Allotment Status?

To check the Master Components IPO Allotment Status, follow these steps:

  • Visit the official website of the stock exchange where Master Components is listed.
  • Check the website for a link labeled “IPO Allotment Status” and click on it.
  • Fill up the necessary fields with information like your application number or PAN card number.
  • A “Submit” or “Check Allotment Status” button will appear; click it.

Master Components IPO Objectives

The business plans to finance the following items using the Net Proceeds from Issue:

  • Funding Working capital requirements.
  • General Corporate Purpose.

Master Components IPO Shares Offer

Master Components issued 11,02,000 stock shares to the public. 523,000 shares are available in the offering for regular investors and 523,000 shares for non-institutional investors.

Master Components IPO Reservation

In the Master Components IPO, 1,102,000 shares are up for grabs. 523,000 (47.46%) for RII and 523,000 (47.46%) for NII.

  • NII: 50%
  • RII: 50%

Master Components IPO Review

The market niche in which the business competes is rather narrow. Although its top line has increased, the exceptional profits for FY23 cast doubt on the durability of margins. The result for FY23 suggests that the issue is priced aggressively. The low post-IPO equity capital suggests a prolonged gestation period before mainboard migration. There’s no harm in passing on this costly wager.

Molding the materials to create their components is the main activity and area of expertise for Master Components. Our services include Thermoplastic Injection Moulding, Thermoset Injection Moulding, Thermoset Transfer Molding, and Compression Moulding. A summary of them is provided below. We mold goods weighing between 1g and 1500g at our plant using machines with a capacity ranging from 60 to 450 tonnes.