MTAR Technologies Limited IPO (MTAR Technologies IPO) Detail

Mar 3, 2021 - Mar 5, 2021

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.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

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

MTAR Technologies IPO Details

IPO Opening Date	Mar 3, 2021
IPO Closing Date	Mar 5, 2021
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹574 to ₹575 per equity share
Market Lot	26 Shares
Min Order Quantity	26 Shares
Listing At	BSE, NSE
Issue Size	10,372,419 Eq Shares of ₹10 (aggregating up to ₹596.41 Cr)
Fresh Issue	2,148,149 Eq Shares of ₹10 (aggregating up to ₹123.52 Cr)
Offer for Sale	8,224,270 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 15, 2021.

IPO Open Date	Mar 3, 2021
IPO Close Date	Mar 5, 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

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).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	26	₹14,950
Maximum	13	338	₹194,350

MTAR Technologies IPO Promoter Holding

Pre Issue Share Holding	62.24%
Post Issue Share Holding	50.25%

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)

Category	IPO Subscription
QIB	164.99x
NII	650.79x
RII	28.40x
Total	200.79x

MTAR Technologies IPO Prospectus

› MTAR Technologies IPO DRHP
› MTAR Technologies IPO RHP

MTAR Technologies IPO Rating

2402

4.2

Rating:

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MTAR Technologies IPO Listing Date

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 equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹575.00
₹1,063.90
₹1,035.70
₹1,154.00
₹1,082.25
1,630,020

NSE
₹575.00
₹1,050.00
₹1,040.00
₹1,154.90
₹1,082.50
14,975,915

MTAR Technologies IPO Reviews / Ratings

Company Contact Information

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/

MTAR Technologies IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: mtar.ipo@kfintech.com
Website: https://karisma.kfintech.com/

MTAR Technologies IPO Lead Manager(s)

Lead Manager Reports

MTAR Technologies IPO FAQs

What is MTAR Technologies IPO?

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 equity share. The minimum order quantity is 26 Shares.

The IPO opens on Mar 3, 2021, and closes on Mar 5, 2021.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
How to apply in MTAR Technologies IPO through Zerodha?
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
1. Visit the Zerodha website and login to Console.
2. Go to Portfolio and click the IPOs link.
3. Go to the 'MTAR Technologies IPO' row and click the 'Bid' button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When MTAR Technologies IPO will open?

The MTAR Technologies IPO opens on Mar 3, 2021 and closes on Mar 5, 2021.
What is the lot size of MTAR Technologies IPO?

MTAR Technologies IPO lot size is 26 Shares and the minimum order quantity is 26 Shares.
How to apply for MTAR Technologies IPO?

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When MTAR Technologies IPO allotment?

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.
When is MTAR Technologies IPO listing date?

The MTAR Technologies IPO listing date is on Monday, March 15, 2021.

MTAR Technologies IPO Message Board

Ranked Members

355. Arjun Rajkot |Mar 16, 2021 10:21

Top Contributor (200+ Posts, 300+ Likes)

Two Minutes Silence for those Who Told me

Tere baap Layega Na Three Digit

Will start accumulating from 975 - 900 and Will Hold long
For Next 3 Years

Thanks

354. ViK patel |Mar 18, 2021 10:13

My UPI Mandate still not revoked. Where to file compliant in this regards.

Further, as recent notification of sebi, effective from 1st may, they have refudn with t+6 from closure.

353. ipobull |Mar 17, 2021 22:47

There was huge subscription in NII category who are exiting now. I think we are almost nearing the low point somewhere near 900. Start accumulating now. It''s category is unique. So it will command some premium. Just look at Gland Pharma (of course a pharma company). People were afraid to buy @ 1500. It has already touched a high of 2780.

352. IPO Rock Star |Mar 17, 2021 19:49

New Member

IPO में एलॉट हुए कम्पनी शेयर से शादी नहीं करने का लिस्टिंग के दिन honeymoon मनाके सीधा तलाक देने का। लेटेस्ट experience from Nureca, Hernaba,stove ,First Home finance, IndiGo पेंट्स,now MTAR 🤣🤣🤣🤣

351. Earthking |Mar 15, 2021 10:38

Top Contributor (200+ Posts)

Alloted 1 out of 7 apps ...

Sold 16 @ 1125 ... capital is taken out ... holding now the profit for long term ...

Load more comments (3 replies)

351.4. IPO INFORMAR |Mar 16, 2021 09:23

Top Contributor (200+ Posts, 100+ Likes)

Avoid Linktime for third party ASBA

351.5. Vibhor Saxena |Mar 16, 2021 09:31

Top Contributor (300+ Posts, 100+ Likes)

I got burger king 1 lot from 2 different accounts...
SBI ASBA

350. Rahulkumarkp |Mar 17, 2021 15:35

Sell kro do guys 10000 profit is not bad... mrs bector me bhi same run tha untill now no recovery at all profit book kro and be happy before its too late.

349. Akhilgurram |Mar 17, 2021 10:29

New Member

Till now my amount was blocked
I their any one who don''t received their amount till now

348. iamnimitshah |Mar 16, 2021 10:07

I simply don''t understand this..
If we sell on 1st day like DMART, IRCTC, Mazagaon, Route, it goes on to multiply within a week or 2 week...
If we don''t sell on 1st day to expect more returns in 15 days like Antony waste, Bector foods, now MTAR, it starts falling...
What to do actually?

347. jignesh.elect |Mar 16, 2021 20:49

MTAR received 93cr order. Is it positive for tomorrow?

346. SKILLeagle |Mar 17, 2021 09:45

just remember when everone is Bullish on particular thing, then mostly that thing doesnt perform well. keep patience accumlate frsh buyers. when all ongoing ipos lisiting is over eventually Smart Money will come in Quality till then keep slowly accumlation.

345. crsl |Mar 17, 2021 09:40

TRADING BELOW 950

344. Ravi Shankar Prasad |Mar 17, 2021 09:39

When to buy this stock ??

344.1. Yamunna |Mar 17, 2021 11:49

Obviously GMP is manipulated.

343. Konapurkar Aditya |Mar 16, 2021 22:20

https://www.moneycontrol.com/stocks/marketstats/bulk-deals/nse/

Can somebody tell this clearly there were lot of bulk deals or shorter. Please guide ......

342. Newbiee |Mar 16, 2021 15:09

New Member

Tomorrow expecting more downfall in mtar.

341. Konapurkar Aditya |Mar 15, 2021 16:42

@owlseye

Did u booknprofit or holding for medium term.

I couldn''t sell @1150 today . Wanted to sell atleast 13 but couldn''t.

Will it again cross 1100 levels and touch 1150 .

341.1. Rahulkumarkp |Mar 15, 2021 20:14

abe to yaha kya apni bhes charane ko msg kr rha hai kya tum or agar apply kiya hi nai hai to bhag jaaaaaaaaa BOSS

340. BubbleBoy |Mar 15, 2021 19:11

Top Contributor (200+ Posts, 100+ Likes)

No Big deals by Smart Money. So yeah time to sell.

339. IPOANALYSIS |Mar 16, 2021 08:42

IPO Guru (1900+ Posts, 1500+ Likes)

No buying or bulk deals from fund house. Better to exit with profits always where no bulk deals happen on day 1

338. crsl |Mar 16, 2021 09:45

TRADING IN 3 DIGITS

337. Shailesh Jamoniya |Mar 16, 2021 01:44

New Member

3 ALLOTED OUT OF 8.SOLD ALL THE SHARES AND BOOKED A GOOD PROFIT. FROM MY VIEW TO SELL ALL THE SHARES WILL BE AN BETTER OPTION.SELL ALL THE SHARES AND MOVE TOWARDS SWING TRADING AND WAIT FOR THE GOOD IPO.

336. NRI Investor |Mar 15, 2021 23:03

Top Contributor (200+ Posts, 200+ Likes)

Hello Experts,

Can we able to do Btst from Zerodha demat account for new IPOs?
I bought some MTAR shares on delivery today. Can i sell it tomorrow as BTST?
Will there be any penalty for btst in zerodha??

Thanks in advance

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