Complete Details of MTAR IPO

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.

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, Defense, 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.

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.

Company Financials:

ParticularsFor the year/period ended (₹ in million)
Total Assets3,819.143,462.713,051.582,810.32
Total Revenue1,779.912,181.421,859.101,605.45
Profit After Tax280.69313.18391.9954.23

MTAR Technologies IPO Details

IPO Opening DateMar 3, 2021
IPO Closing DateMar 5, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹574 to ₹575 per equity share
Market Lot26 Shares
Min Order Quantity26 Shares
Listing AtBSE, NSE
Issue Size10,372,419 Eq Shares of ₹10
(aggregating up to ₹596.41 Cr)
Fresh Issue2,148,149 Eq Shares of ₹10
(aggregating up to ₹123.52 Cr)
Offer for Sale8,224,270 Eq Shares of ₹10
(aggregating up to ₹472.90 Cr)

MTAR Technologies IPO Tentative Timetable

The MTAR Technologies IPO open date is Mar 3, 2021, and the close date is Mar 5, 2021. The issue may list on Mar 16, 2021.

IPO Open DateMar 3, 2021
IPO Close DateMar 5, 2021
Basis of Allotment DateMar 10, 2021
Initiation of RefundsMar 12, 2021
Credit of Shares to Demat AccountMar 15, 2021
IPO Listing DateMar 16, 2021

MTAR Technologies IPO Lot Size

The MTAR Technologies IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹194,350).

ApplicationLotsSharesAmount (Cut-off)

MTAR Technologies IPO Promoter Holding

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

MTAR Technologies IPO Subscription Status (Bidding Detail)

The MTAR Technologies IPO is subscribed 200.79x times on Mar 5, 2021 05:00. The public issue subscribed 28.40x in the retail category, 164.99x in the QIB category, and 650.79x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB ?164.99x
NII ?650.79x
RII ?28.40x
Total ?200.79x

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