MTAR Technologies IPO

MTAR Technologies IPO dates, price band, details

Spread the love

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 nameMTAR Technologies Limited
SectorCapital Goods

Dates to remember

IPO Opening date03 March 2021
IPO Closing date05 March 2021
Basis of Allotment date10 March 2021
Initiation of Refunds12 March 2021
Credit to Demat Account15 March 2021
 Listing Date16 March 2021

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹596.41 crore
Number of shares offered10,372,419 Shares
Face value₹10 per equity share
Price band ₹574 to ₹575 per equity share
Retail portion35%
Lot size26 Nos
Minimum application1 lot – 26 shares
Maximum application13 lot – 338 shares
Minimum application amount₹14,950
maximum application amount₹194,350
Listing ExchangeBSE, NSE

Financial summary

MTAR Technologies’ financial performance (in INR crore)
 FY2018FY2019FY20209M FY2021
Net income5.439.231.328.1
Net margin (%)3.421.114.415.8

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 
 +91 40 2343 1551 

MTAR Technologies Contact Details

MTAR Technologies Limited
18, Technocrats Industrial Estate,
Balanagar, Hyderabad 500 037, Telangana 
Phone: +91 40 4455 3333

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

Spread the love

1 thought on “MTAR Technologies IPO dates, price band, details”

  1. Pingback: IPO List 2021: a complete list of IPOs in 2021 -

Leave a Comment

Your email address will not be published. Required fields are marked *