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MTAR Technologies Limited

MTAR Technologies Limited

COMPANY INFORMATION

MTAR Technologies IPO is a book built issue of Rs 596.41 crores. The issue is a combination of fresh issue of 0.21 crore shares aggregating to Rs 123.52 crores and offer for sale of 0.82 crore shares aggregating to Rs 472.90 crores. MTAR Technologies IPO bidding started from March 3, 2021 and ended on March 5, 2021. The allotment for MTAR Technologies IPO was finalized on Wednesday, March 10, 2021. The shares got listed on BSE, NSE on March 15, 2021. MTAR Technologies IPO price band is set at ₹574 to ₹575 per share. The minimum lot size for an application is 26 Shares. The minimum amount of investment required by retail investors is ₹14,950. Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the MTAR Technologies IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to MTAR Technologies IPO RHP for detailed information.

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.

FAQs About IPO Dashboard

MTAR Technologies Limited will open on 03 Mar, 2021 and close on 05 Mar, 2021. Investors must apply within this period to participate.

The MTAR Technologies Limited price band is set between ₹574.00 and ₹575.00 per share. The minimum lot size is 26, requiring an investment of at least ₹14950.00.

The MTAR Technologies Limited shares are expected to be listed on 15 Mar, 2021, subject to regulatory approvals and final allotment.

You can track your MTAR Technologies Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The MTAR Technologies Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.