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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
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 3,819.14 | 3,462.71 | 3,051.58 | 2,810.32 | |
| Total Revenue | 1,779.91 | 2,181.42 | 1,859.10 | 1,605.45 | |
| Profit After Tax | 280.69 | 313.18 | 391.99 | 54.23 | |
| IPO Date | Mar 3, 2021 to Mar 5, 2021 |
| Listing Date | Monday, March 15, 2021 |
| Face Value | ₹10 per share |
| Price | ₹574 to ₹575 per share |
| Lot Size | 26 Shares |
| Issue Size | 10,372,419 shares of ₹10 (aggregating up to ₹596.41 Cr) |
| Fresh Issue | 2,148,149 shares of ₹10 (aggregating up to ₹123.52 Cr) |
| Offer for Sale | 8,224,270 shares of ₹10 (aggregating up to ₹472.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| 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. |
MTAR Technologies IPO opens on Mar 3, 2021, and closes on Mar 5, 2021. The MTAR Technologies IPO bid date is from Mar 3, 2021 10.00 A.M. to Mar 5, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 3, 2021 |
| Closing Date | Mar 5, 2021 |
| Basis of Allotment | Mar 10, 2021 |
| Initiation of Refunds | Mar 12, 2021 |
| Credit of Shares to Demat | Mar 15, 2021 |
| Listing Date | Mar 15, 2021 |
The MTAR Technologies IPO lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹194,350).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,950 |
| Retail (Max) | 13 | 338 | ₹194,350 |
| Pre Issue Share Holding | 62.24% |
| Post Issue Share Holding | 50.25% |
On the prima facie, the issue is aggressively priced, but considering its last two fiscals earnings, orders on hands worth Rs. 336.2 cr. and its plan for more critical and high margin products with its niche play for space, security and defence segment, investors may consider parking their fund with a long term perspective. As a niche player with a virtual monopoly, the counter will gain fancy post listing, being the first mover in the segment. Read detail review...
The MTAR Technologies IPO is subscribed 200.79 times on Mar 5, 2021 5:00:00 AM. The public issue subscribed 28.40 times in the retail category, 164.99 times in the QIB category, and 650.79 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 164.99 |
| NII | 650.79 |
| Retail | 28.40 |
| Total | 200.79 |
| Listing Date | Monday, March 15, 2021 |
| BSE Script Code | 543270 |
| NSE Symbol | MTARTECH |
| Listing In | B Group of Securities |
| ISIN | INE864I01014 |
| IPO Price | ₹575 per share |
| Face Value | ₹10 per share |
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MTAR Technologies Limited
18, Technocrats Industrial Estate
Balanagar, Hyderabad 500 037
Phone: +91 40 4455 3333
Email: shubham.bagadia@mtar.in
Website: https://mtar.in/
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: mtar.ipo@kfintech.com
Website: https://karisma.kfintech.com/
MTAR Technologies IPO is a main-board IPO of 10,372,419 equity shares of the face value of ₹10 aggregating up to ₹596.41 Crores. The issue is priced at ₹574 to ₹575 per share. The minimum order quantity is 26 Shares.
The IPO opens on Mar 3, 2021, and closes on Mar 5, 2021.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MTAR Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in MTAR Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MTAR Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MTAR Technologies IPO opens on Mar 3, 2021 and closes on Mar 5, 2021.
MTAR Technologies IPO lot size is 26 Shares and the minimum order quantity is .
You can apply in MTAR Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MTAR Technologies IPO will be done on Mar 10, 2021, and the allotted shares will be credited to your demat account by Mar 15, 2021. Check the MTAR Technologies IPO allotment status.
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