MTAR Technologies Limited IPO

MTAR Technologies Limited IPO

Mainboard

₹14,950 / 26 Shares

Offer Date:Mar 3, 2021 - Mar 5, 2021
Share

MTAR Technologies Limited IPO Details

The MTAR Technologies Limited IPO price band is set between ₹574-575 per equity share, with a face value of 10 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 3 Mar, 2021 and closes on 5 Mar, 2021. Investors can check the allotment status on 12 Mar, 2021, while the listing date is tentatively scheduled for 15 Mar, 2021.

The total issue size is 10,372,419 Eq Shares of ₹10 , aggregating up to ₹596.41 Cr. Stay tuned for the latest MTAR Technologies Limited IPO review and GMP updates.

MTAR Technologies Limited IPO Review, Rating & Analysis

MTAR Technologies Limited IPO Review

NO REVIEW

MTAR Technologies Limited IPO Rating

MTAR Technologies Limited IPO Highlights

IPO Date

Mar 3, 2021 - Mar 5, 2021

Listing Date

15 Mar, 2021

Face Value

10 Per Equity Share

Price Band

₹574-575 per equity share

Lot Size

-

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

MTAR Technologies Limited IPO Lot Size

The minimum market lot for MTAR Technologies Limited IPO is 26 shares with an application amount of ₹14,950. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)126₹14,950
Retail (Max)13338₹1,94,350
S-HNI (Min)14364₹2,09,300
S-HNI (Max)661716₹9,86,700
B-HNI (Min)671742₹10,01,650

MTAR Technologies Limited IPO Timeline

IPO Open Date
3 Mar, 2021
IPO Close Date
5 Mar, 2021
Basis of Allotment
12 Mar, 2021
Listing Date
15 Mar, 2021

Issue Price

₹574-575 per equity share

Face Value

10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

Lead Manager

IIFL Holdings Limited, JM Financial Consultants Private Limited

Issue Size

10,372,419 Eq Shares of ₹10 (aggregating up to ₹596.41 Cr)#Fresh Issue: 2,148,149 Eq Shares of ₹10(aggregating up to ₹123.52 Cr)#Offer for Sale 8,224,270 Eq Shares of ₹10 (aggregating up to ₹472.90 Cr)

MTAR Technologies Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Dec 20381.91177.9928.06---
31 Mar 20346.27218.1431.31---
31 Mar 19305.15185.9139.19---
31 Mar 18281.03160.545.42---

All values are in ₹ Cr.

Promoters & Share Holding

Promoter(s) Name

  • Parvat Srinivas Reddy
  • P. Leelavathi
  • K. Shalini
  • D. Anitha Reddy
  • C. Usha Reddy
  • G. Kavitha Reddy
  • Anushman Reddy
  • P. Kalpana Reddy
  • Saranya Loka Reddy
  • A. Manogna
  • M. Madhavi
Share Holding Pre IssueShare Holding Post Issue
62.24%50.25%

About Company

MTAR Technologies is a leading national player in the precision engineering industry. The company is primarily engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality control processes.
Since its inception, MTAR Technologies has significantly expanded its product portfolio including critical assemblies i.e. Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly & Airframes for Agni Programs, Actuators for LCA, power units for fuel cells, Fuel machining head, Bridge & Column, Drive Mechanisms, Thimble Package, etc. A wide range of complex product portfolios meets the varied requirements of the Indian nuclear, Defence, and Space sector. ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, etc. are some of the esteem clients.
,Currently, the firm has 7 state-of-the-art manufacturing facilities in Hyderabad, Telangana that undertake precision machining, assembly, specialized fabrication, brazing and heat treatment, testing and quality control, and other specialized processes.

Read More

MTAR Technologies Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved20,74,484
15,55,863

36,30,34772,60,694
Day 1 -03-03-21 05:00 PM
0.00 x
1.02

6.93 x3.68 x
Day 2 -04-03-21 05:00 PM
0.96 x
8.04

16.54 x10.26 x
Day 3 -05-03-21 05:00 PM
164.99 x
650.79

28.39 x200.79 x
Total No. of Applications:

Company Contact Details

MTAR Technologies Limited IPO

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

Frequently Asked Questions about MTAR Technologies Limited IPO IPO

When will MTAR Technologies Limited IPO open for subscription?

The MTAR Technologies Limited IPO opens on 3 Mar, 2021 and closes on 5 Mar, 2021.

What is the investors portion for MTAR Technologies Limited IPO?

The investors' portion for QIB is 164.99 x, NII is 650.79, and Retail is 28.39 x.

How to apply for MTAR Technologies Limited IPO?

You can apply for MTAR Technologies Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of MTAR Technologies Limited IPO?

The issue size of MTAR Technologies Limited IPO is approx ₹10,372,419 Eq Shares of ₹10 (aggregating up to ₹596.41 Cr)#Fresh Issue: 2,148,149 Eq Shares of ₹10(aggregating up to ₹123.52 Cr)#Offer for Sale 8,224,270 Eq Shares of ₹10 (aggregating up to ₹472.90 Cr) crores.

What is the price band of MTAR Technologies Limited IPO?

The price band for MTAR Technologies Limited IPO is ₹574 to ₹575 per equity share.

What is the lot size of MTAR Technologies Limited IPO?

The minimum bid (lot size) for MTAR Technologies Limited IPO is N/A shares with an investment of approx ₹14,950 .

What is the allotment date of MTAR Technologies Limited IPO?

The allotment date for MTAR Technologies Limited IPO is 12 Mar, 2021.

What is the listing date of MTAR Technologies Limited IPO?

The listing date for MTAR Technologies Limited IPO is expected to be 15 Mar, 2021.

What is the GMP of MTAR Technologies Limited IPO?

The latest Grey Market Premium (GMP) for MTAR Technologies Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

MTAR Technologies Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK