Master Components Ltd - IPO

Master Components Ltd IPO Details

Initial public offer of 11,02,000 equity shares of Rs. 10 each (Equity Shares) of Master Components Limited (MCL or the Company) for cash at a price of Rs. 140 per share (the Issue Price), aggregating to Rs. 15.43 crores (The Issue), consisting of fresh issue of 7,00,000 equity shares aggregating to Rs. 9.80 crores and an offer for sale of 4,02,000 equity shares comprising of 2,01,000 by Mudduraj Kulkarni and 2,01,000 by Shrikant Joshi (The Promoters Selling Shareholders or The Selling Shareholders) aggregating to Rs. 5.63 crores (Offer for Sale), of which 56,000 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the Market Maker Reservation Portion). The issue less than the market maker reservation portion i.e. issue of 10,46,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.55% and 26.15% respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 and the issue price is 14 times of the face value.

Objective of issue

Funding working capital requirements. General corporate purposes.

Master Components Ltd Contact Details

Master Components Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@master-components.com

Website - www.master-group.in