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MTAR Technologies Limited IPO Detail

MTAR Technologies Limited IPO Detail

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.

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, and M. Madhavi are the company promoters.

IPO Details

IPO Opening DateMar 03, 2021
IPO Closing DateMar 05, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹574 - 575 per equity share
Market Lot26 Shares
Min Order Quantity26 Shares
Listing AtBSE, NSE
Issue Size₹596.41 Cr
Fresh Issue2,148,149 Eq Shares of ₹10 (aggregating up to ₹123.52 Cr)
Offer for Sale₹472.90 Cr
Retail Portion -

IPO Tentative Timetable

The MTAR Technologies Limited IPO open date is Mar 03, 2021, and the close date is Mar 05, 2021. The issue may list on Mar 15, 2021.

IPO Open DateMar 03, 2021
IPO Close DateMar 05, 2021
Basis of Allotment DateMar 10, 2021
Initiation of RefundsMar 12, 2021
Credit of Shares to Demat AccountMar 15, 2021
IPO Listing DateMar 15, 2021

IPO Lot Size

The MTAR Technologies Limited IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹194350).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding62.24%
Post Issue Share Holding50.25%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
30-Sep-20 3,819.14 1,779.91 280.69
31-Mar-20 3,462.71 2,181.42 313.18
31-Mar-19 3,051.58 1,859.10 391.99
31-Mar-18 2,810.32 1,605.45 54.23

Objects of the Issue:

  • To partly or fully repay company's borrowings.
  • To finance company's working capital requirements.
  • To meet general corporate purposes.