MTAR Technologies IPO Date, Review, Price Band, Form & Market Lot Details

 

MTAR Technologies

MTAR Technologies Limited incorporated in 1999 based in Hyderabad. They are leading player in precision engineering industry in India. They are manufacturer of mission critical precision components with close tolerances (5-10 microns),and in critical assemblies, to serve projects of high national importance, through our precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured.

They have big client names like ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, among others. Their product portfolio includes product portfolio of the company includes critical assemblies such as 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, Thimble Package, Drive Mechanisms etc. to the core of the nuclear reactor.

 

 

 

MTAR Technologies IPO Date & Price Band
IPO Open:	03 March 2021
IPO Close:	05 March 2021
IPO Size:	Approx ₹596 Crore
Face Value:	₹10 Per Equity Share
Price Band:	₹574 to ₹575 Per Share
Listing on:	BSE & NSE
Retail Portion:	35%
Equity:	10,372,419 Shares

 

 

MTAR Technologies IPO Market Lot
Minimum Lot Size:	Minimum 26 Shares
Minimum Amount:	₹14950
Maximum Lot Size:	Maximum 338 Shares
Maximum Amount:	₹194350

 

 

MTAR Technologies IPO Allotment & Listing
Basis of Allotment:	10 March 2021
Refunds:	12 March 2021
Credit to Demat Account:	15 March 2021
Listing Date:	16 March 2021

 

MTAR Technologies Company Financial Report
₹ in Crore
	Revenue	Expense	Net Income
2017	-	-	-
2018	161	143	5.4
2019	186	146	39.2
2020	218	173	31.3
2021 9M	178	138	28.1

My Point of View

MTAR Technologies, the maker of nuclear, defence and aerospace equipment, is hitting the market with Rs 600 crore initial public offer (IPO) on March 3. The price band for the three-day IPO, which closes on March 5, has been fixed at Rs 574-575 per share. The lot size is 26 and in multiples thereof, which means you can bid for a minimum of 26 equity shares and in multiples of 26 shares thereafter. MTAR is good company for long-term investment. The Sale increase year on year basis. The detail is below:

Always apply for IPO on last day after getting the subscription status and response in first two days. The first thing to check before investing in IPO is the subscription times.

Green Trade

Munish Mahajan