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’. |
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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 |