Company Details:

* MTAR Technologies Limited is a leading precision engineering solutions company engaged in the manufacture      

   of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to

serve projects of high national importance, through its precision machining, assembly, testing, quality control,

and pecialized fabrication competencies, some of which have been indigenously developed and manufactured

(Source: Company Commissioned CRISIL Report).

* Company primarily serve customers in the clean energy, nuclear and space and defence, sectors. Company

contributing to the Indian civilian nuclear power programme, Indian space programme, Indian defence and

aerospace sector, as well as to the global clean energy sector and the global defence and aerospace sector.

* Company focus on clean energy as one of its key customer sectors and are accordingly, involved in the

manufacture of power units, specifically hot boxes, and in the development and manufacture of hydrogen boxes

and electrolyzers, to serve Bloom Energy Inc., United States (“Bloom Energy”) with which, Company has been

associated with for over nine years.

* Company have been serving customers in the nuclear sector for over 35 years, and have established relationships

with the Nuclear Power Corporation of India Limited (“NPCIL”) having served them for over 16 years.

* Company has been key supplier of mission critical assemblies and components to customers within the space

and defence sectors for their programs of national importance. Through its long-standing relationships of over  

   three decades and four decades with customers such as the Indian Space Research Organisation (“ISRO”) and

the Defence Research and Development Organisation (“DRDO”), Company has been able to supply specialized

products to the Indian space programme and the Indian missile programme, respectively.

· Various awards such as the ‘Best Quality Supplier Award’, ‘Defence Technology Absorption Award’, ‘INS     

  Industrial Excellence Award’ and the ‘Award for Excellence in Aerospace Indigenization’.

 

 

 

Wednesday, March 03rd, 2021
Friday, March 05th, 2021
Price Band Rs.574/- to Rs.575/- per equity share.
Bid Lot 26 Equity share and multiple of 26 equity share thereafter.
Issue Size Rs.596.41 Cr
Issue break-up QIB  – 50 % of the offer –   Rs. 298.21 Cr
NIB  – 15 % of the offer –   Rs.   89.46 Cr
RET – 35 % of the offer –   Rs. 208.74 Cr
Listing BSE & NSE
Registrar KFin Technologies Private Limited.
UPI All Retail Applications through brokers are compulsorily in UPI Mode

 

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.

 

MTAR Technologies IPO Date & Price Band:

 IPO Open:  03 March 2021
 IPO Close:  05 March 2021
 IPO Size:  Approx ₹596 Crore
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹574 to ₹575 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  35%
 Equity:  10,372,419 Shares

 

MTAR Technologies IPO Market Lot:

 Minimum Lot Size:  Minimum 26 Shares
 Minimum Amount:  ₹14950
 Maximum Lot Size:  Maximum 338 Shares
 Maximum Amount:  ₹194350

MTAR Technologies IPO Allotment & Listing:

 Basis of Allotment:  10 March 2021
 Refunds:  12 March 2021
 Credit to Demat Account:  15 March 2021
 Listing Date:  16 March 2021