MTAR Technologies IPO offering of up to 10,372,419 equity shares of face value Rs. 10 each (equity shares) of MTAR Technologies (Company or Issuer) for cash at a price of Rs. 574-575 per equity share (including a share premium of Rs. [*] per equity share) (Issue Price), aggregating up to Rs. 596.41 crores (Issue).
MTAR Technologies 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.
MTAR Technologies IPO Review
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MTAR Technologies IPO Date & Price Band
| IPO Opening Date | Mar 03, 2021 |
| IPO Closing Date | Mar 05, 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 Size | 10,372,419 Eq Shares of ₹10 (aggregating up to ₹596.41 Cr) |
| Fresh Issue | Eq Shares of ₹10 (aggregating up to ₹ Cr) |
| Offer for Sale | 8,224,270 Eq Shares of ₹10 (aggregating up to ₹472.90 Cr) |
MTAR Technologies IPO Market Lot
| Minimum Lot Size: | Minimum 26 Shares |
| Minimum Amount: | ₹-14,950 |
| Maximum Lot Size: | Maximum 338 Shares |
| Maximum Amount: | ₹-1,94,350 |
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 16, 2021.
| IPO Open Date | Mar 03, 2021 |
| IPO Close Date | Mar 05, 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 16, 2021 |
MTAR Technologies IPO Form
How to apply the MTAR Technologies IPO? You can apply MTAR Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the MTAR Technologies IPO in the Invest section. The other option you can apply MTAR Technologies IPO via IPO forms download via NSE and BSE. Check out the MTAR Technologies forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
MTAR Technologies Company Financial Report
| 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 |
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,
- M. Madhavi
About MTAR Technologies
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.
MTAR Technologies IPO Prospectus
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: mtar.ipo@kfintech.com
Website: https://karisma.kfintech.com/
MTAR Technologies IPO Lead Managers
Company Address
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
When MTAR Technologies IPO will open for QIB, NII, and Retail?
The IPO is to open on 03 March 2021 for QIB, NII, and Retail Investors.
What is MTAR Technologies IPO Investors Portion?
The investors' portion for QIB-50%, NII-15%, and Retail 35%.
How to Apply the MTAR Technologies IPO?
You can apply MTAR Technologies IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the MTAR Technologies IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "MTAR Technologies". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
What is MTAR Technologies IPO Size?
MTAR Technologies IPO size is ₹472.90 crore.
What is MTAR Technologies IPO Price Band?
MTAR Technologies IPO Price Band is ₹ 574 - ₹ 575.
What is MTAR Technologies IPO Minimum and Maximum Lot Size?
The minimum bid is 26 Shares with ₹ 14,950 amount while maximum bid is 338 shares with ₹ 194,350.
What is MTAR Technologies IPO Allotment Date?
MTAR Technologies IPO allotment date is 10 March 2021.
What is MTAR Technologies IPO Listing Date?
MTAR Technologies IPO listing date is 16 March 2021. The IPO to list on BSE and NSE.
