Issuer

MTAR Technologies IPO

3rd - 5th March 2021

Price Band

₹574 to ₹575

Issue Size

₹596.41 Cr

Face Value

₹10

Market Lot

26 Shares

About MTAR Technologies IPO

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

Objects of the Issue

  • To partly or fully repay company's borrowings
  • To finance company's 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 Orher Quantity 26 Shares
Listing At BSE, NSE
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 IPO FAQs

What is MTAR Technologies IPO?
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.
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 don't offer banking services.
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.
The MTAR Technologies IPO listing date is not yet announced. The tentative date of MTAR Technologies IPO listing is Mar 16, 2021.

Top 5 Reasons to Open a Demat A/c With SMC

Zero Account Opening Charges

Pay nil account opening charge for an integrated demat and online trading A/c.

Free Expert Investment Advice

Get free stock ideas and research reports from India’s award winning research desk.

Open an A/c in Just 15 Minutes

Forget the hassle of physical forms and with eKYC open an A/c in 15 mins.

Next-Gen Trading App

Trade with a powerful, feature rich and easy to use trading app across web, mobile and desktop.

One Stop Investment Shop

Invest & trade in shares, mutual funds, IPOs, commodities & currency from a single interface.

Open Free Demat A/c Now!