MTAR Technologies Limited IPO

Mainboard

Engineering

Listed On: Mar 15, 2021 at ₹ 1050.0

₹ 14950 /26 Shares

Check Allotment

Price Summary

Last Closing

1,768.25 (207.52%)

52 Week High

2,351.30

52 Week Low

1,495.40

Last Update

25-Nov-2024 3:30 PM

IPO Details

03 Mar, 2021

Open Date

05 Mar, 2021

Close Date

12 Mar, 2021

Allotment Date

15 Mar, 2021

Listing Date

Issue Price

₹574-575 per equity share

Face Value

10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

1050.0

Listing Date

2021-03-15

Market Lot

26 Shares (₹14,950/-)

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)

Retail Portion

35%

Subscription

200.79 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	20,74,484	15,55,863	36,30,347	72,60,694
Day 1 - 03-03-21 05:00 PM	0.00 x	1.02	6.93 x	3.68 x
Day 2 - 04-03-21 05:00 PM	0.96 x	8.04	16.54 x	10.26 x
Day 3 - 05-03-21 05:00 PM	164.99 x	650.79	28.39 x	200.79 x

Valuations

Earnings Per Share (EPS)

₹9.40/-

P/E Ratio

61.16

RoNW

13.91%

Net Asset Value (NAV) - As on 31.12.20

₹91.78

Company Financials All values are in ₹ Cr.

	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Assets	381.91	346.27	305.15	281.03
Revenue	177.99	218.14	185.91	160.54
Profit After Tax	28.06	31.31	39.19	5.42

About The 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.

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- Promoter(s)

Pre Issue Share Holding: 62.24%

Post Issue Share Holding: 50.25%

Company Promoter(s)

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

IPO - Issue Objectives

To partly or fully repay company's borrowings.
To finance company's working capital requirements.
To meet general corporate purposes.

IPO - FAQs

Ans. MTAR Technologies Limited IPO is a Mainboard IPO. The issue is priced at ₹574-575 per equity share. The minimum order quantity is 26 Shares. The IPO opens on Mar 3, 2021, and closes on Mar 5, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Ans. The size of MTAR Technologies Limited IPO is 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).

Ans. The IPO price band is set between ₹574-575 per equity share.

Ans. To apply for MTAR Technologies Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find MTAR Technologies Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of MTAR Technologies Limited IPO is Mar 12, 2021.

Ans. The MTAR Technologies Limited IPO will be listed on Mar 15, 2021.

Ans. Follow the steps to check the allotment status for MTAR Technologies Limited IPO here.