Master Components IPO Day 2: Issue subscribed 1.96 times; check latest GMP, other details | Mint
Active Stocks
Mon Feb 26 2024 15:59:59
  1. Tata Steel share price
  2. 142.60 -1.99%
  1. Power Grid Corporation Of India share price
  2. 287.75 1.97%
  1. HDFC Bank share price
  2. 1,422.25 0.10%
  1. ITC share price
  2. 409.20 -0.58%
  1. State Bank Of India share price
  2. 759.00 -0.05%
Business News/ Markets / Ipo/  Master Components IPO Day 2: Issue subscribed 1.96 times; check latest GMP, other details
BackBack

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 price band has been fixed at ₹140 per share. The face value of each share is ₹10 apiece. (Image: Company Website)Premium
Master Components IPO price band has been fixed at 140 per share. The face value of each share is 10 apiece. (Image: Company Website)

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.

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 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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 20 Sep 2023, 03:23 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App