Investors can check the allotment status on the registrar's website. Follow these steps:

1) Select MTAR Technologies Limited in the dropdown;2) In case you use the Application Number option, select ASBA/NON-ASBA in the dropdown and enter Application Number,In case you use DPID/Client ID option, select NSDL/CDSL and enter DPID as well as Client ID,In case of PAN Number option, enter PAN Number;3) Finally Enter Captcha available in digits and click Submit to know the allotment status.

One can also check the allotment status on the BSE Website. Select Issue Type - Equity, Select Issue Name - MTAR Technologies Ltd, Enter Application Number and PAN Number, and Click on the Search button to know the application status.


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.

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.

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars

For the year/period ended (₹ in million)

31-Dec-20

31-Mar-20

31-Mar-19

31-Mar-18

Total Assets

3,819.14

3,462.71

3,051.58

2,810.32

Total Revenue

1,779.91

2,181.42

1,859.10

1,605.45

Profit After Tax

280.69

313.18

391.99

54.23

Objects of the Issue:

·         To partly or fully repay company's borrowings.

·         To finance company's working capital requirements.

·         To meet general corporate purposes.

MTAR Technologies IPO Details

IPO Opening Date

Mar 3, 2021

IPO Closing Date

Mar 5, 2021

Issue Type

Book Built Issue IPO

Face Value

₹10 per equity share

IPO Price

₹574 to ₹575 per equity share

Market Lot

26 Shares

Min Order Quantity

26 Shares

Listing At

BSE, NSE

Issue Size

10,372,419 Eq Shares of ₹10
(aggregating up to ₹596.41 Cr)

Fresh Issue

2,148,149 Eq Shares of ₹10
(aggregating up to ₹123.52 Cr)

Offer for Sale

8,224,270 Eq Shares of ₹10
(aggregating up to ₹472.90 Cr)

MTAR Technologies IPO Tentative Timetable

The MTAR Technologies IPO open date is Mar 3, 2021, and the close date is Mar 5, 2021. The issue may list on Mar 16, 2021.

IPO Open Date

Mar 3, 2021

IPO Close Date

Mar 5, 2021

Basis of Allotment Date

Mar 10, 2021

Initiation of Refunds

Mar 12, 2021

Credit of Shares to Demat Account

Mar 15, 2021

IPO Listing Date

Mar 16, 2021

MTAR Technologies IPO Lot Size

The MTAR Technologies IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹194,350).

Application

Lots

Shares

Amount (Cut-off)

Minimum

1

26

₹14,950

Maximum

13

338

₹194,350

MTAR Technologies IPO Promoter Holding

Pre Issue Share Holding

62.24%

Post Issue Share Holding

50.25%

MTAR Technologies IPO Subscription Status (Bidding Detail)

Day by Day Subscription Details (Live Status)

Category

IPO Subscription

QIB ?

0.00x

NII ?

0.09x

RII ?

1.60x

Total ?

0.82x

MTAR Technologies IPO Prospectus

·           ›  MTAR Technologies IPO DRHP

·           ›  MTAR Technologies IPO RHP

MTAR Technologies IPO Reviews / Ratings

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·         TopShareBrokers.com - Subscribe for Long Term

Company Contact Information

MTAR Technologies Limited
18, Technocrats Industrial Estate
Balanagar, Hyderabad 500 037


Phone: +91 40 4455 3333
Email: shubham.bagadia@mtar.in
Website: https://mtar.in/

MTAR Technologies IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: mtar.ipo@kfintech.com
Website: https://karisma.kfintech.com/

MTAR Technologies IPO Lead Manager(s)

1.  IIFL Holdings Limited

2.  JM Financial Consultants Private Limited

Lead Manager Reports

·         Lead Manager Performance Tracker

·         List of IPOs handled by a Lead Manager