Master Components IPO Day 2: Issue subscribed 1.65 times so far; check latest GMP, other details
₹15.43 crore from the maiden public offer that comprises 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. The company has fixed the Master Components IPO price band at ₹140 per share. The lot size is 1,000 shares and the minimum investment amount required for retail investors is ₹140,000.
The basis of IPO share allotment is expected to be finalised on September 26 and refunds to be initiated on September 27, while credit the shares in the demat accounts of eligible allottees will take place on September 28. Also Read: Holmarc Opto-Mechatronics IPO: Issue subscribed over 42 times so far on last day; check GMP today, other details Master Components shares are proposed to be listed on NSE SME on September 29. The book running lead manager for the issue is Aryaman Financial Services Ltd, while Bigshare Services Pvt Ltd is the IPO registrar.
Master Components IPO has been subscribed 1.65 times so far on Wednesday, the second day of the bidding process. The public issue received bids for 17.31 lakh equity shares as compared to 10.46 lakh shares on the offer till 3:20 pm. The Master Components IPO has received 1.90 times subscription in the retail category and 1.41 times in the Non-Institutional Investors’ (NII) category so far.
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