MTAR Technologies Limited
- IPO Date03 Mar, 2021 to 05 Mar, 2021
- Listing Date15 Mar, 2021
- Face Value₹10 per share
- Issue Price₹574 to ₹575 per share
- Lot Size26 Shares
- Minimum Investment₹14,950
- Listing AtBSE, NSE
- Total Issue Size1,03,72,419 Shares
(aggregating up to ₹596.41 Cr) - Fresh Issue21,48,149 Shares
(aggregating up to ₹123.52 Cr)
- Offer for Sale82,24,270 Shares
(aggregating up to ₹472.90 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
05 Mar, 2021
Initiation of Refunds
15 Mar, 2021
Listing Date
15 Mar, 2021
03 Mar, 2021
Opening Date
10 Mar, 2021
Basis of Allotment
15 Mar, 2021
Credit of Shares
MTAR Technologies Limited Lot Size
Investors can bid for a minimum of 26 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,950 |
| Retail (Max) | 13 | 338 | ₹1,94,350 |
MTAR Technologies Limited Promoter Holding
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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 62.24% | 50.25% |
MTAR Technologies Limited COMPANY INFORMATION
MTAR Technologies IPO is a book built issue of Rs 596.41 crores. The issue is a combination of fresh issue of 0.21 crore shares aggregating to Rs 123.52 crores and offer for sale of 0.82 crore shares aggregating to Rs 472.90 crores. MTAR Technologies IPO bidding started from March 3, 2021 and ended on March 5, 2021. The allotment for MTAR Technologies IPO was finalized on Wednesday, March 10, 2021. The shares got listed on BSE, NSE on March 15, 2021. MTAR Technologies IPO price band is set at ₹574 to ₹575 per share. The minimum lot size for an application is 26 Shares. The minimum amount of investment required by retail investors is ₹14,950. Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the MTAR Technologies IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to MTAR Technologies IPO RHP for detailed information.
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.
FAQs About Mtar Technologies Limited
MTAR Technologies Limited will open on 03 Mar, 2021 and close on 05 Mar, 2021. Investors must apply within this period to participate.
The MTAR Technologies Limited price band is set between ₹574.00 and ₹575.00 per share. The minimum lot size is 26, requiring an investment of at least ₹14950.00.
The MTAR Technologies Limited shares are expected to be listed on 15 Mar, 2021, subject to regulatory approvals and final allotment.
You can track your MTAR Technologies Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The MTAR Technologies Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.