₹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. Master Components IPO price band has been fixed at ₹140 per share. The face value of each share is ₹10 apiece.
The public offer closes on Thursday, September 21, 2023. The company is expected to finalise the basis of allotment on September 26 and initiate refunds on September 27, while credit the shares in the demat accounts of eligible allottees on September 28. Also Read: Yatra Online IPO: Issue booked 20% so far on day 2; check subscription status, GMP, other key details Master Components shares are proposed to be listed on NSE SME with a tentative listing date on September 29.
Master Components IPO lot size is 1,000 shares and the minimum investment amount required for retail investors is ₹140,000. 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 0.18 times so far on Monday, the first day of the bidding process.
The public issue received bids for 1.85 lakh equity shares as compared to 10.46 lakh shares on the offer, as per data available on the NSE till 1:30 pm. The Master Components IPO has received 0.24 times subscription in the retail category and 0.11 times in the Non-Institutional Investors’ (NII) category. Also Read: Zaggle Prepaid IPO: Zaggle IPO fully subscribed on day 3, retail portion sees huge demand Master Components IPO GMP today, or grey market premium today, is ₹0.Read more on livemint.com