Master Components Limited IPO Details: Master Components is set to launch its initial public offering (IPO) on September 18, 2023. The IPO will close on September 21, 2023. The company is looking to raise ₹15.46 crores through the IPO. The investors’ portion for QIB/NII is 50%, Retail is 50%. The market lot is 1000 shares.
What is Master Components IPO?
Master Components IPO is a SME IPO of 1,104,000 equity shares of the face value of ₹10 aggregating up to ₹15.46 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000 Shares.
The IPO opened for subscription on September 18, 2023 and closed on September 21, 2023. The allotment is expected to be finalized on Tuesday, September 26, 2023. The IPO will list on NSE SME with tentative listing date fixed as Friday, September 29, 2023.
Master Components is a manufacturer of 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.
Objectives of Master Components IPO
The company’s IPO proceeds will be used for the following purposes:
- Funding the expansion of its manufacturing capacity
- Repayment of debt
- General corporate purposes
Master Components IPO Date & Price Band Details
| IPO Open: | September 18, 2023 |
| IPO Close: | September 21, 2023 |
| IPO Size: | Approx ₹15.46 Crores, 1,104,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹140 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | – |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Master Components IPO Market Lot
The Master Components IPO minimum market lot is 1000 shares with a ₹140,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹140,000 |
| Retail Maximum | 1 | 1000 | ₹140,000 |
| S-HNI Minimum | 2 | 2000 | ₹280,000 |
Master Components IPO Dates
The Master Components IPO date is September 18 and the IPO close date is September 21. The IPO allotment date is September 26 and the IPO might list on September 29.
| IPO Open Date: | September 18, 2023 |
| IPO Close Date: | September 21, 2023 |
| Basis of Allotment: | September 26, 2023 |
| Refunds: | September 27, 2023 |
| Credit to Demat Account: | September 28, 2023 |
| IPO Listing Date: | September 29, 2023 |
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Master Components IPO Subscription Status
For the latest update on the Master Components IPO, you can check this dedicated page for IPO subscription status.
Master Components IPO Allotment Status
For the latest update on the Master Components IPO, you can check this dedicated page for IPO allotment status.
Master Components IPO Forms
For IPO form for the Mangalam Alloys IPO, you can check this dedicated page for IPO Forms.
Master Components Company Financials
Based on the financial data you provided, Master Components Limited (MCL) has shown strong revenue growth over the past three years, with revenue increasing from ₹13.29 crores in 2021 to ₹20.90 crores in 2023. This represents a CAGR of 27.3%.
MCL’s expenses have also increased over the past three years, but at a slower pace than revenue. This has resulted in an improvement in MCL’s profit margin, from 5.8% in 2021 to 8.2% in 2023.
MCL’s net profit has also increased significantly over the past three years, from ₹0.77 crores in 2021 to ₹1.71 crores in 2023. This represents a CAGR of 43.9%.
Overall, MCL’s financial performance has been positive over the past three years. The company has shown strong revenue growth, an improvement in profit margin, and a significant increase in net profit.
Key Trends
Here are some key trends observed in MCL’s financial performance:
- Revenue growth: MCL’s revenue has grown at a CAGR of 27.3% over the past three years. This growth has been driven by increasing demand for the company’s products from its customers.
- Improving profit margin: MCL’s profit margin has improved from 5.8% in 2021 to 8.2% in 2023. This improvement is due to a combination of factors, including increased sales volume, better product mix, and cost control measures.
- Increasing net profit: MCL’s net profit has increased at a CAGR of 43.9% over the past three years. This increase is due to the combination of revenue growth and improving profit margin.
Financial Ratios
Here are some key financial ratios for MCL:
- Profit margin: MCL’s profit margin is 8.2%. This is a healthy profit margin for a manufacturing company.
- Return on equity (ROE): MCL’s ROE is 12.8%. This is a good ROE for a small-cap company.
- Debt-to-equity ratio: MCL’s debt-to-equity ratio is 0.5. This is a low debt-to-equity ratio, indicating that MCL is not highly leveraged.
Investment Outlook
MCL’s investment outlook is positive. The company has shown strong revenue growth, an improvement in profit margin, and a significant increase in net profit over the past three years. MCL’s financial ratios are also healthy.
However, investors should keep in mind that MCL is a small-cap company and is therefore subject to higher volatility than large-cap companies. Investors should also carefully consider the company’s risks before making an investment decision.
Risks
Here are some key risks to consider before investing in MCL:
- Economic slowdown: A slowdown in the Indian economy could lead to a decrease in demand for MCL’s products.
- Rise in raw material costs: MCL’s profitability could be impacted by a rise in the cost of raw materials.
- Competition: MCL faces competition from a number of other companies in the Indian plastic engineering components industry.
Conclusion
MCL is a small-cap company with a strong financial performance. The company has shown strong revenue growth, an improvement in profit margin, and a significant increase in net profit over the past three years. MCL’s financial ratios are also healthy.
MCL’s investment outlook is positive, but investors should keep in mind that the company is subject to higher volatility than large-cap companies. Investors should also carefully consider the company’s risks before making an investment decision.
Pros & Cons of Master Components IPO
| Pros | Cons |
|---|---|
| Strong revenue growth | Small-cap company with limited track record |
| Improving profit margin | Subject to higher volatility than large-cap companies |
| Increasing net profit | Faces competition from a number of other companies in the industry |
| Healthy financial ratios | Economic slowdown could lead to a decrease in demand for its products |
| Potential to benefit from increasing demand for plastic engineering components | Rise in raw material costs could impact its profitability |
Company Promoters
- Mudduraj Kulkarni
- Shrikant Joshi
Master Components IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Address
Master Components Limited
Plot No. D-10/A
and D-10/B, M.I.D.C,
Ambad, Nashik – 422010
Phone: +91 9823016315
Email: compliance@master-components.com
Website: https://master-group.in/components
Master Components IPO FAQs
To apply for the Master Components IPO, you can follow these steps:
Open a demat account and trading account with a broker. If you already have a demat and trading account, you can skip this step.
Enable ASBA (Application Supported by Blocked Amount) in your demat account. ASBA is a facility that allows you to block the funds required for the IPO application in your bank account. This ensures that your funds are only used if your IPO application is successful.
Log in to your broker’s IPO platform and select the Master Components IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Review your application and submit it.
Once you have submitted your application, your broker will block the required funds in your bank account. If your IPO application is successful, the shares will be credited to your demat account and the blocked funds will be released from your bank account. If your IPO application is unsuccessful, the blocked funds will be released from your bank account.
Here are some additional tips for applying for the Master Components IPO:
Apply early. IPOs are often oversubscribed, so it is important to apply early to increase your chances of getting an allotment.
Apply for a higher number of shares. If you are willing to apply for a higher number of shares, you are more likely to get an allotment. However, keep in mind that you may not be allotted all of the shares you apply for.
Use a reliable broker. Choose a broker with a good track record and a reputation for efficient IPO processing.
Please note that the Master Components IPO is a small-cap IPO, so it is important to invest carefully and do your own research before applying.
Master Components is set to launch its initial public offering (IPO) on September 18, 2023.
Master Components IPO size is ₹15.46 crores.
Master Components IPO Price Band is ₹140 per equity share.
The IPO bid is 1000 shares with ₹140,000.
Master Components IPO allotment date is September 26, 2023.
Mangalam alloys IPO listing date is September 29, 2023. The IPO to list on NSE SME.