IPO Status: Closed [3rd Mar 2021 to 5th Mar 2021]
MTAR Technologies has filled DRHP to SEBI to raise funds through IPO. The company is going to issue 10,372,419 shares including an offer for sale (OFS) of 8,224,270 and a fresh issue of 2,148,149 of the face value of Rs. 10. IPO opening date is 3 March and closing date is 5 March 2021. The lot size is 26 shares and price band is Rs. 574-575. The floor price is 57.4 times and cap price is 57.5 times of the face value. Stay updated with us to get MTAR Technologies IPO Review including business overview, financials, Pros, Cons, IPO issue size, GMP, Live Subscription, Allotment and Recommendations.
MTAR Technologies is a leading precision engineering solutions company that manufactures mission critical precision components and critical assemblies to serve nuclear, space, defence, and clean energy sectors.
It manufactures a wide range of products including Liquid propulsion engines to GSLV Mark III, Actuators for LCA, Base Shroud Assembly & Airframes for Agni Programs, power units for fuel cells, Fuel machining head, Drive Mechanisms, Bridge & Column, Thimble Package, etc. MTAR has also developed import substitutes i.e. ball screws and water-lubricated bearings that are highly premium products for the Nuclear, Space, and Defence sector.
Some of the well-known names like DRDO, ISRO, Raefel, NPCIL, Bloom Energy, etc. are the customers. MTAR Technologies has 7 well-managed manufacturing facilities in Hyderabad, Telangana.
The aim of the MTAR Technologies IPO is to raise money for the following purposes;
MTAR Technologies IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|MTAR Technologies Issue Details||Values|
|IPO Issue Type:||Book Built Issue IPO|
|IPO Issue Size:||10,372,419 shares at ₹575 each [Aggregatng to ₹596.41 Cr]|
|Offer for Sale:||8,224,270 shares at ₹575 each [Aggregatng to ₹472.89 Cr]|
|Fresh Issue:||2,148,149 shares at ₹575 each [Aggregatng to ₹123.52 Cr]|
|Face Value:||₹10 Per Equity Share|
|IPO Issue Price:||₹574-575|
|Market Lot:||26 Shares|
|Min Retail Qty:||26 shares (1 lot)|
|Max Retail Qty:||338 shares (13 lots)|
|Promoter Holding Pre IPO:||62.24%|
|Promoter Holding Post IPO:||50.25%|
|IPO Listing At:||BSE, NSE|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||2,074,484||1,555,863||3,630,347||7,260,694||1||3rd Mar 2021 05:02||0.00x||1.02x||6.93x||3.68x||2||4th Mar 2021 05:02||0.96x||8.04x||16.55x||10.27x||3||5th Mar 2021 05:02||164.99x||650.79x||28.40x||200.79x|
Past performance and financial results of MTAR Technologies.
|MTAR Technologies Limited Financials||31-Dec-2020||31-Mar-2020||31-Mar-2019||31-Mar-2018|
|Total Assets||₹381.91 Cr||₹346.27 Cr||₹305.16 Cr||₹281.03 Cr|
|Total Income||₹177.99 Cr||₹218.14 Cr||₹185.91 Cr||₹160.55 Cr|
|Net Profit/Loss||₹28.07 Cr||₹31.31 Cr||₹39.20 Cr||₹5.42 Cr|
In this section we have covered all important dates related to MTAR Technologies IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open Date||3rd Mar 2021|
|IPO Issue Close Date||5th Mar 2021|
|Basis of Allotment Finalisation Date*||10th Mar 2021|
|Refunds Initiation*||11th Mar 2021|
|Credit of Shares to Demat Account*||12th Mar 2021|
|IPO Listing Date*||15th Mar 2021|
* - Tentative Dates
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MTAR Technologies IPO DRHP >>Document
MTAR Technologies IPO RHP >>Document
MTAR Technologies IPO Allotment Status >>Link
Last Updated on 2021-03-14T23:42:21+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase MTAR Technologies IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply MTAR Technologies IPO with Zerodha.
Alternate approch to apply in MTAR Technologies IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in MTAR Technologies IPO, you can use the following methods:
|MTAR Technologies IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in MTAR Technologies IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in MTAR Technologies IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in MTAR Technologies IPO. Most of the Syndicate Banks provide access to apply in MTAR Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in MTAR Technologies IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in MTAR Technologies IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in MTAR Technologies IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download MTAR Technologies IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply MTAR Technologies IPO, please refer article >> Link
Steps to download the online application form for MTAR Technologies IPO
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MTAR Technologies IPO is going to be list on 15-03-2021. NSE Code for MTAR Technologies is MTARTECH. BSE Code for MTAR Technologies is 543270.
Other relevant questions:When MTAR Technologies IPO will be listing? MTAR Technologies IPO NSE listing date?MTAR Technologies IPO date of listing.MTAR Technologies IPO BSE listing date?
MTAR Technologies IPO Allotment Date is 10-03-2021.
Other relevant questions:MTAR Technologies IPO share allotment date?MTAR Technologies IPO allotment date?