Master Components shares made a muted debut on NSE SME today, September 29. Master Components share price listed at Rs 140.40 per share, which is just 0.28% higher than the IPO issue price of Rs 140.
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The company had set the price band of Rs 140 per equity share of face value of Rs 10 each. Master Components IPO lot size was 1000 equity shares and in multiples of 1000 equity shares thereafter.
Master Components IPO had planned to raise about Rs 15.43 crore from the issue. The IPO consists of a fresh issue of 7 lakh equity shares aggregating to Rs 9.80 crore and an offer for sale (OFS) of 4.02 lakh equity shares aggregating to Rs 5.63 crore.
The company intends to use the net proceeds from the offering to fund its objectives, including general corporate purposes and meeting working capital requirements.
The book running lead manager for the issue is Aryaman Financial Services Ltd, while Bigshare Services Pvt Ltd is the IPO registrar.
The company's main emphasis lies in shaping materials to develop innovative components for use in the electrical, medical, industrial, and automotive industries.
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Master Component IPO GMP Today
Today's Grey Market Premium (GMP) for the Master Components IPO stands at ₹0, indicating that shares are trading at their issue price of Rs 140 in the grey market with neither a premium nor a discount, as reported by investorgain.com.