MTAR Technologies IPO is all set to hit Dalal street on 03 March 2021. the company aims to raise approx ₹596 Crore through this IPO.
MTAR Technologies Limited
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.
Also read: IPO List 2021: a complete list of IPOs in 2021
Objective of the Issue
- To partly or fully repay the company’s borrowings.
- To finance the company’s working capital requirements.
- For general corporate purposes.
Competitive strengths
- Wide range of product portfolio.
- 7 Modern technology manufacturing units.
- Diversified supplier base.
- Strong financial track record.
- Experienced and qualified management.
Basic details about the company
| Full name | MTAR Technologies Limited |
| Sector | Capital Goods |
| Industry | Engineering |
| Company Website | www.mtar.in |
Dates to remember
| IPO Opening date | 03 March 2021 |
| IPO Closing date | 05 March 2021 |
| Basis of Allotment date | 10 March 2021 |
| Initiation of Refunds | 12 March 2021 |
| Credit to Demat Account | 15 March 2021 |
| Listing Date | 16 March 2021 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹596.41 crore |
| Number of shares offered | 10,372,419 Shares |
| Face value | ₹10 per equity share |
| Price band | ₹574 to ₹575 per equity share |
| Retail portion | 35% |
| Lot size | 26 Nos |
| Minimum application | 1 lot – 26 shares |
| Maximum application | 13 lot – 338 shares |
| Minimum application amount | ₹14,950 |
| maximum application amount | ₹194,350 |
| Listing Exchange | BSE, NSE |
Financial summary
| MTAR Technologies’ financial performance (in INR crore) | ||||
| FY2018 | FY2019 | FY2020 | 9M FY2021 | |
| Revenue | 160.5 | 185.9 | 218.1 | 178.0 |
| Expenses | 143.4 | 145.6 | 172.6 | 138.4 |
| Net income | 5.4 | 39.2 | 31.3 | 28.1 |
| Net margin (%) | 3.4 | 21.1 | 14.4 | 15.8 |
Valuation of MTAR Technologies (as of FY2020)
| Earnings Per Share (EPS) | ₹11.11 |
| Price/Earnings (PE ratio) | 51.66 – 51.75 |
| Return on Net Worth (RONW) | 13.91% |
| Net Asset Value (NAV) | ₹84.11 per share |
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
- M. Madhavi
MTAR Technologies IPO Lead Managers
- JM Financial Consultants Private Limited
- IIFL Holdings Limited
Registrar of MTAR Technologies IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
MTAR Technologies Contact Details
MTAR Technologies Limited
18, Technocrats Industrial Estate,
Balanagar, Hyderabad 500 037, Telangana
Phone: +91 40 4455 3333
Email: shubham.bagadia@mtar.in
Website: www.mtar.in
MTAR Technologies IPO Allotment Status
MTAR Technologies IPO allotment status will be available on KFin Technologies’ KPrism mobile app.
Once available on its websites, click on any of these links to get allotment status Allotment Status Link #1
Final thoughts
MTAR Technologies IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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