The Master Components IPO started on September 18, 2023, and ended on September 21, 2023. Shares were allocated on September 26, 2023, and refund processes began on September 27, 2023. On September 28, 2023, the shares were credited to investors demat accounts. Master Components was officially listed on the stock exchange on September 29, 2023.
During the IPO, Master Components offered shares at a price range of ₹140 per share, and the lot size was 1000 shares. The total issue size was ₹15.43 crores, with ₹15.43 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Master Components Limited IPO Subscription Update Video
Master Components IPO Subscription Status
The Master Components IPO on September 21, 2023 was subscribed 8.20 times, with the retail category being subscribed 10.11 times, the other category being subscribed 5.89 times.
| Category | Subscription |
| Other | 5.89x |
| Retail | 10.11x |
| Total | 8.20x |
Master Components IPO Basic Details
| Company Name | Master Components Limited |
| Domain of Company | Manufacturing Plastic Engineering Parts And Assemblies |
| IPO Open Date | September 18, 2023 |
| IPO Close Date | September 21, 2023 |
| IPO Allotment Date | September 26, 2023 |
| IPO Listing Date | September 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹140 per share |
| Lot Size | 1000 Shares |
| Issue Size | 1,102,000 shares of ₹10 (aggregating up to ₹15.43 Cr) |
| Fresh Issue | 700,000 shares of ₹10 (aggregating up to ₹9.80 Cr) |
| Offer for Sale | 402,000 shares of ₹10 (aggregating up to ₹5.63 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mudduraj Kulkarni, Shrikant Joshi, Rajeshwari Kulkarni, and Anagha Joshi |
About Master Components Limited
Founded in 1999, Master Components Limited specializes in crafting plastic engineering components and sub-assemblies. Our core mission involves shaping materials to create innovative components for a wide range of sectors, including Electrical, Medical, Industrial, and Automotive. Here are the services we offer:
- Thermoplastic Injection Molding
- Thermoset Injection Molding
- Thermoset Transfer Molding
- Compression Molding
Our manufacturing facility is conveniently situated in Nashik, along the Mumbai-Pune Highway. With a capacity ranging from 60 to 450 tonnes, we can mold products weighing anywhere from 1 gram to 1500 grams.
As of March 31, 2023, our company boasts a workforce of over 25 dedicated employees. We also occasionally hire contract workers for specific projects.
It’s worth noting that Master Components Limited is part of the larger Master Group, which comprises more than three factories and employs over 120 individuals. In addition to our operations, the Master Group is the proud owner of Master Mould Pvt. Ltd., a company specializing in the design and manufacturing of various injection, compression, and transfer molds.
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Master Components IPO FAQs
What is the start and end date of Master Components IPO Subscription?
The Master Components IPO started on September 18, 2023, and ended on September 21, 2023.
When does Master Components IPO Subscription open?
The Master Components IPO open on September 18, 2023.
When does Master Components IPO Subscription close?
The Master Components IPO Close on September 21, 2023.
What is the allotment date of Master Components IPO?
The allotment date for Master Components IPO is September 26, 2023.
When is the initial refund date of Master Components IPO?
The initial Refund date for Master Components IPO is September 27, 2023.
When were the shares credited to investors demat accounts for the Master Components IPO?
The shares for the Master Components IPO were credited to investors demat accounts on September 28, 2023.
When will Master Components IPO be listed on the stock market?
Master Components IPO stock market will be listed on September 29, 2023 at 10 am.
What was the price range of the Master Components IPO shares?
The Master Components IPO shares were offered at a price range of ₹140 per share.
What was the lot size for the Master Components IPO shares?
The lot size for the Master Components IPO shares was 1000 shares.
What was the total issue size of the Master Components IPO?
The total issue size of the Master Components IPO was ₹15.43 crores.
How were the shares allocated among different types of investors for the Master Components IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Master Components IPO listed?
The Master Components IPO was listed on both the NSE SME.
What is the Master Components IPO Subscription Status?
Master Components IPO is subscribed Times.
