The initial public offering (IPO) of Master Components Ltd, an engineering components manufacturer, opened for public subscription on September 18 and will close on September 21. Here are the key details of the Master Components IPO:
– **IPO Size:** The company plans to raise ₹15.43 crore from the IPO. It consists of a fresh issue of 7 lakh equity shares, aggregating to ₹9.80 crore, and an offer for sale (OFS) of 4.02 lakh equity shares, aggregating to ₹5.63 crore.
– **IPO Price Band:** The price band for the Master Components IPO is set at ₹140 per share.
– **Lot Size:** The lot size is 1,000 shares, requiring a minimum investment of ₹140,000 for retail investors.
– **Allotment Date:** The basis of IPO share allotment is expected to be finalized on September 26, with refunds initiated on September 27. Shares are likely to be credited to eligible allottees’ demat accounts on September 28.
– **Listing Date:** Master Components shares are proposed to be listed on NSE SME on September 29.
– **Lead Manager:** Aryaman Financial Services Ltd is the book running lead manager for the IPO.
– **Registrar:** Bigshare Services Pvt Ltd is the IPO registrar.
As of the second day of the bidding process, the Master Components IPO has been subscribed 1.65 times, with bids received for 17.31 lakh equity shares compared to 10.46 lakh shares on offer till 3:20 pm.
In the grey market, Master Components IPO’s grey market premium (GMP) today is ₹0, indicating that the shares are trading at their issue price of ₹140 apiece with no premium or discount.
