MTAR Technologies IPO Review

IPO Status: Closed [3rd Mar 2021 to 5th Mar 2021]

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MTAR Technologies IPO

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.

  • Incorporated in: 1999
  • Sector: Precision Machining
  • Website:https://mtar.in/
  • Issue size: Rs. 596.41 Cr

About the Company - MTAR Technologies Limited

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.

MTAR Technologies IPO Objective

The aim of the MTAR Technologies IPO is to raise money for the following purposes;

  • To repay company's borrowings fully or partially.
  • To meet working capital need.
  • To meet general corporate purposes.

MTAR Technologies IPO Details

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 IPO Details
MTAR Technologies Issue Details Values
IPO Category: Mainline
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
IPO Discount: NA
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
BSE Code: 543270
NSE Code: MTARTECH

MTAR Technologies IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 2,074,484 Shares
  • Non-Institutional Investors: 1,555,863 Shares
  • Retail Individual Investor: 3,630,347 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered2,074,4841,555,8633,630,3477,260,694
13rd Mar 2021 05:020.00x1.02x6.93x3.68x
24th Mar 2021 05:020.96x8.04x16.55x10.27x
35th Mar 2021 05:02164.99x650.79x28.40x200.79x

MTAR Technologies Financials for past 3 Years

Past performance and financial results of MTAR Technologies.

MTAR Technologies financial
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

MTAR Technologies IPO Strengths

  1. Leading player in the precision machining.
  2. 7 Advanced technology manufacturing facilities in Hyderabad.
  3. Complex product portfolio.
  4. Client base in Indian nuclear, Defence, and Space sector.
  5. Good financial performance track record.

MTAR Technologies IPO Threats/Weaknesses

  1. Large revenue dependency over few customers.
  2. Extreme order dependency over NPCIL, ISRO and DRDO.
  3. Compliance with strict quality standards.
  4. Any supply disruption may negatively affect business revenues.

MTAR Technologies IPO Important Dates

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.

MTAR Technologies IPO important dates
IPO Activity Date
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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@
  NRI Form ⇒

MTAR Technologies IPO DRHP >>Document

MTAR Technologies IPO RHP >>Document

MTAR Technologies IPO Allotment Status >>Link

Company Address

MTAR Technologies Limited
18, Technocrats Industrial Estate
Balanagar, Hyderabad - 500 037
Telangana, India
Website: https://mtar.in/
Email: [email protected]
Phone: +91 40 4455 3333

Registrar

KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
E-mail: [email protected]
Tel: 1-800-3454001
Website: https://karisma.kfintech.com/

Lead Manager

  1. JM Financial Limited
  2. IIFL Securities Limited
MTAR Technologies IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for MTAR Technologies? Should I apply in MTAR Technologies IPO?

Last Updated on 2021-03-14T23:42:21+00:00

MTAR Technologies IPO FAQs

  1. 1. How to subscribe MTAR Technologies IPO with Zerodha?

    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.

    MTAR Technologies IPO Review and Important Updates

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  2. 2. How to apply in MTAR Technologies IPO online?

    Apply in MTAR Technologies IPO online

    To subscribe or apply in MTAR Technologies IPO, you can use the following methods:

    MTAR Technologies IPO Applying ModeMethodDetails
    Online Application3-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 Application2-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.

    Online ApplicationASBA

    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 ApplicationPhysical 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.

    MTAR Technologies IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 3. How to download online application form for MTAR Technologies IPO?

    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

    MTAR Technologies IPO Review and Important Updates

    Steps to download the online application form for MTAR Technologies IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 26 and max 338 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of MTAR Technologies IPO?

    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?

     

  5. 5. When MTAR Technologies IPO will be allocated?

    MTAR Technologies IPO Allotment Date is 10-03-2021.

    Other relevant questions:

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User Comments

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5. Dk Gupta  2/24/2021 2:14:41 AM Reply
MTAR Technologies IPO expected listing gain.
avatar
4. Gypsy  2/24/2021 2:14:41 AM Reply
Please confirm MTAR Technologies IPO GMP (grey market premium) and kostak.
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3. PRIYABRAT BHUTIA  2/24/2021 2:14:41 AM Reply
MTAR Technologies IPO good or bad.
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2. d k singh  2/24/2021 2:14:41 AM Reply
MTAR Technologies IPO whether to invest or not.
avatar
1. sunil ghosh  2/24/2021 2:14:41 AM Reply
MTAR Technologies IPO - CRISIL Rating, Apply or not?.

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