MTAR

Incorporated in 1999, 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.

Competitive strengths

  • Wide range of product portfolio.
  • 7 Modern technology manufacturing units.
  • Diversified supplier base.
  • Strong financial track record.
  • Experienced and qualified management.

Company Promoters:

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, and M. Madhavi are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 3,819.14 3,462.71 3,051.58 2,810.32
Total Revenue 1,779.91 2,181.42 1,859.10 1,605.45
Profit After Tax 280.69 313.18 391.99 54.23

Objects of the Issue:

  • To partly or fully repay companys borrowings.
  • To finance companys working capital requirements.
  • To meet general corporate purposes.

MTAR Technologies IPO Details

IPO Opening Date Mar 3, 2021
IPO Closing Date Mar 5, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹574 to ₹575 per equity share
Market Lot 26 Shares
Min Order Quantity 26 Shares
Listing At BSE, NSE
Issue Size10,372,419 Eq Shares of ₹10
(aggregating up to ₹596.41 Cr)
Fresh Issue2,148,149 Eq Shares of ₹10
(aggregating up to ₹123.52 Cr)
Offer for Sale8,224,270 Eq Shares of ₹10
(aggregating up to ₹472.90 Cr)

MTAR Technologies IPO Tentative Timetable

The MTAR Technologies IPO open date is Mar 3, 2021, and the close date is Mar 5, 2021. The issue may list on Mar 15, 2021.

IPO Open Date Mar 3, 2021
IPO Close Date Mar 5, 2021
Basis of Allotment Date Mar 10, 2021
Initiation of Refunds Mar 12, 2021
Credit of Shares to Demat Account Mar 15, 2021
IPO Listing Date Mar 15, 2021

MTAR Technologies IPO Lot Size

The MTAR Technologies IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹194,350).

Application Lots Shares Amount (Cut-off)
Minimum 1 26 ₹14,950
Maximum 13 338 ₹194,350

MTAR Technologies IPO Promoter Holding

Pre Issue Share Holding 62.24%
Post Issue Share Holding 50.25%

MTAR Technologies IPO Subscription Status (Bidding Detail)

The MTAR Technologies IPO is subscribed 200.79x times on Mar 5, 2021 05:00. The public issue subscribed 28.40x in the retail category, 164.99x in the QIB category, and 650.79x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

164.99x

NII

650.79x

RII

28.40x

Total

200.79x

Rating:Rated

Listing Date Monday, March 15, 2021
BSE Script Code 543270
NSE Symbol MTARTECH
Listing In B Group of Securities
ISIN INE864I01014
IPO Price ₹575 per equity share
Face Value ₹10 per equity share
.
IPO Price
Open
Low
High
Last Trade
BSE
₹575.00
₹1,063.90
₹1,035.70
₹1,154.00
₹1,082.25
NSE
₹575.00
₹1,050.00
₹1,040.00
₹1,154.90
₹1,082.50

MTAR Technologies Limited
18, Technocrats Industrial Estate
Balanagar, Hyderabad 500 037

Phone: +91 40 4455 3333
Email: shubham.bagadia@mtar.in
Website: https://mtar.in/

MTAR Technologies IPO FAQs

MTAR Technologies IPO is a main-board IPO of 10,372,419 equity shares of the face value of ₹10 aggregating up to ₹596.41 Crores. The issue is priced at ₹574 to ₹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.

Zerodha customers can apply online in MTAR Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in MTAR Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in MTAR Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the MTAR Technologies IPO row and click the Bid button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

MTAR Technologies IPO lot size is 26 Shares and the minimum order quantity is 26 Shares.

You can apply in MTAR Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who dont offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for MTAR Technologies IPO will be done on Mar 10, 2021, and the allotted shares will be credited to your demat account by Mar 15, 2021. Check the MTAR Technologies IPO allotment status.

The MTAR Technologies IPO listing date is on Monday, March 15, 2021.

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