Master Components SME IPO

Master Components Limited

₹1,40,000 /1000 sharesMinimum Investment

Master Components SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹140.00₹140.00₹0.00 (0.00%)

Master Components SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
18 Sep ‘23 - 21 Sep ‘23₹1,40,0001,000₹140 - ₹140
Issue SizeIPO Doc
15.43Cr
RHP PDF

About Master Components SME

Master Components Limited is engaged in manufacturing plastic engineering components and sub- assemblies. The company has a proximity of its Nashik facility to Mumbai- Pune Highway, and ability to produce a comprehensive range of plastic components provides it competitive advantages. The company has the ability to produce multiple kinds of molded products at a single location, and caters to various sector MNCs and smaller business associates who generally require components of different size and shapes.;
Parent Organisation
Master Components Limited
Founded
1999
Managing Director
Mr. Mudduraj Kulkarni

Strengths & Risks

  • Restated Revenue from Operation increased from Rs 1,325.28 lakhs in Fiscal 2021 to Rs 2,070.26 lakhs in Fiscal 2023 representing a CAGR of 24.99%.
  • Recorded Profit After Tax (PAT) of Rs 170.54 lakhs, Rs 93.73 lakhs and Rs 77.18 lakhs in Fiscal 2023, 2022, and 2021 respectively.
  • Long standing relationship between the company and some of its customers.
  • Manufacturing hub is located at M.I.D.C, a well developed industrial area of Nashik. M.I.D.C of Nashik has been growing in terms of industry set up.
  • Raw materials are sourced easily from nearby areas as MNCs have their authorized dealer set up. Labors are sourced easily from nearby areas as these facilitate the company to fetch them as per our work load in the factory.
  • The company has not entered into any long-term contracts with any of its customers and typically operates on the basis of orders.
  • The company has obtained unsecured loans from its promoters at an interest rate of 9.5% p.a.
  • The company has entered into related party transactions with enterprises in which their directors have significant influence.
  • Substantial portion of the company’s revenues has been dependent upon a limited number of customers.
  • Restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditors of the company.
  • Statutory auditor has reported that the company has not maintained proper records in relation to property, plant and equipment for the financial year 2022-23.
  • The company reported negative cash flows from its investing and financing activities in FY2021 and FY2022.
  • The company, its group Companies, promoters and directors are parties to certain legal proceedings.
  • Rs 93.96 lakhs of total borrowing on balance sheet.
  • The company has not yet applied for registration of its name and logo and they do not own the “corporate logo” legally as on date.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular140 - 140₹2 Lakh
High Networth Individual140 - 140₹2 - 5 Lakh
For Master Components SME IPO, eligible investors can apply as Regular.
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