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.
- Wide range of product portfolio.
- 7 Modern technology manufacturing units.
- Diversified supplier base.
- Strong financial track record.
- Experienced and qualified management.
Company PromotersParvat 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 Opening Date||Mar 03, 2021|
|IPO Closing Date||Mar 05, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹574 - 575 per equity share|
|Market Lot||26 Shares|
|Min Order Quantity||26 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹596.41 Cr|
|Fresh Issue||2,148,149 Eq Shares of ₹10 (aggregating up to ₹123.52 Cr)|
|Offer for Sale||₹472.90 Cr|
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 Date||Mar 03, 2021|
|IPO Close Date||Mar 05, 2021|
|Basis of Allotment Date||Mar 10, 2021|
|Initiation of Refunds||Mar 12, 2021|
|Credit of Shares to Demat Account||Mar 15, 2021|
|IPO Listing Date||Mar 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).
IPO Promoter Holding
|Pre Issue Share Holding||62.24%|
|Post Issue Share Holding||50.25%|
For the year/period ended (₹ in Crs)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
- To partly or fully repay company's borrowings.
- To finance company's working capital requirements.
- To meet general corporate purposes.