Master Components IPO Lists with Modest Gain on NSE SME

Master Components IPO Lists with Modest Gain on NSE SME Image/company website
Master Components IPO Lists with Modest Gain on NSE SME Image/company website
Master Components IPO Lists with Modest Gain on NSE SME Image/company website
Master Components IPO Lists with Modest Gain on NSE SME Image/company website

Master Components IPO Lists with Modest Gain on NSE SME

Master Components IPO Lists with Modest Gain on NSE SME

Master Components, a promising player in the IPO arena, made its debut on the NSE SME with a subdued performance. The shares of Master Components, listed today, opened at ₹140.40 per share, marking a marginal uptick of 0.28% compared to the issue price of ₹140.

IPO Particulars: Price Band and Lot Size

The Master Components IPO had a price band of ₹140 per equity share, each having a face value of ₹10. Investors had the opportunity to subscribe in lots of 1000 equity shares, with multiples available thereafter.

IPO Fundraising and Composition

The IPO aimed to mobilize ₹15.43 crore through its maiden public offering. This fundraising endeavor comprised a fresh issue of 7 lakh equity shares, amounting to ₹9.80 crore, and an offer for sale (OFS) of 4.02 lakh equity shares, totaling ₹5.63 crore.

Utilization of Proceeds

Master Components has outlined plans for the utilization of the net proceeds generated from the IPO. These funds will be directed toward various corporate objectives, including general corporate purposes and fulfilling working capital requirements.

Key Players in the IPO Process

Aryaman Financial Services Ltd acted as the book running lead manager for the IPO, overseeing the execution of the offering. Meanwhile, Bigshare Services Pvt Ltd took on the role of the IPO registrar, facilitating the IPO process.

Diverse Applications in Focus

Master Components specializes in molding materials to create innovative components tailored for use across a range of sectors. These sectors encompass the electrical, medical, industrial, and automotive industries, reflecting the company’s commitment to versatility and adaptability.

Grey Market Premium Assessment

The grey market premium (GMP) for Master Components IPO remained at ₹0 on the day of its listing. This indicates that shares were trading at their issue price of ₹140 in the grey market, reflecting a neutral stance from investors in terms of paying a premium or seeking a discount.

The GMP is often seen as an indicator of investor sentiment and readiness to pay above the issue price for IPO shares. In this case, the GMP suggests that investors were content with the IPO’s valuation as offered by the company.

Master Components IPO Lists with Modest Gain on NSE SME

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