Master Components IPO Day 2: Issue subscribed 1.96 times; check latest GMP, other details
- Master Components IPO 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: The initial public offering (IPO) of engineering components manufacturer Master Components Ltd, which opened for public subscription on Monday, September 18, will close on September 21.
Master Components IPO is an SME IPO. The company plans to raise ₹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.
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 Subscription Status
Master Components IPO has been subscribed 1.96 times on Wednesday, the second day of the bidding process. The public issue received bids for 20,52,000 equity shares as compared to 10.46 lakh shares on the offer, according to chittorgarh.com
The Master Components IPO has received 2.21 times subscription in the retail category and 1.71 times in the Non-Institutional Investors’ (NII) category.
Master Components IPO GMP Today
Master Components IPO GMP today, or grey market premium today, is ₹0, as per market observers. This indicates that the Master Components shares are trading at their issue price of ₹140 apiece in the grey market with no premium or discount.
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