IPO

MTAR Technologies Limited IPO

Mainboard

Engineering

Listed On: Mar 15, 2021 at ₹ 1050.0

₹ 14950 /26 Shares

Check Allotment

03 Mar, 2021

Open Date

05 Mar, 2021

Close Date

12 Mar, 2021

Allotment Date

15 Mar, 2021

Listing Date
Price Summary

Last Closing

2,302.00 (300.35%)

52 Week High

2,719.00

52 Week Low

1,155.60

Last Update

17-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹574-575 per equity share
  • Face Value 10 Per Equity Share 
  • Issue Price 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)
  • Listing at BSE, NSE
  • List Price 1050.0
  • Listing Date 2021-03-15
  • Lead Manager IIFL Holdings Limited, JM Financial Consultants Private Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹₹574-575 per equity share, which has a face value of 10 Per Equity Share  each, IPO bidding starts from Mar 3, 2021 and ends on Mar 5, 2021. The allotment for IPO will be finalized on Mar 12, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 15, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are IIFL Holdings Limited, JM Financial Consultants Private Limited.


The IPO sets its price band at ₹574-575 for each share. A single application for MTAR Technologies Limited IPO must contain at least 26 shares.

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IPO Subscription Analysis And Details
Retail
28.39x
QIB
164.99x
NII
650.79x
Total
200.79x
As on QIB NII Retail Total
Shares Offered / Reserved 20,74,484 15,55,863 36,30,347 72,60,694
Day 1 03-03-21 05:00 PM
0.00 x 1.02 6.93 x 3.68 x
Day 2 04-03-21 05:00 PM
0.96 x 8.04 16.54 x 10.26 x
Day 3 05-03-21 05:00 PM
164.99 x 650.79 28.39 x 200.79 x
Valuations
Earnings Per Share (EPS) ₹9.40/-
P/E Ratio 61.16
RoNW 13.91%
Net Asset Value (NAV) - As on 31.12.20 ₹91.78
Company Financials
In Crs.
In Cr.
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Assets 381.91 346.27 305.15 281.03
Revenue 177.99 218.14 185.91 160.54
Profit After Tax 28.06 31.31 39.19 5.42
About Company

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.

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- Promoter(s)

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

Pre Issue Share Holding : 62.24%

Post Issue Share Holding : 50.25%

IPO - Issue Objectives
1

To partly or fully repay company's borrowings.

2

To finance company's working capital requirements.

3

To meet general corporate purposes.