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Master Components SME IPO
Master Components Limited
₹1,40,000 /1000 sharesMinimum investment
IPO details
Minimum investment
₹1,40,000
Price range
₹140 - ₹140
Lot size
1,000
Issue size
15.43 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
18 Sep 2023
IPO open date
21 Sep 2023
IPO close date
26 Sep 2023
Allotment date
26 Sep 2023
Funds unblock or debit
29 Sep 2023
Tentative listing date
About
Founded in
1999
MD/CEO
Mr. Mudduraj Kulkarni
Parent organisation
Master Components Limited
Master Components SME Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Master Components SME IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹140 - ₹140 | ₹2 - ₹5 Lakhs | 1000 |
| High Networth Individual | ₹140 - ₹140 | ₹2 - ₹5 Lakhs | 1000 |