MTAR Technologies IPO

MTAR Technologies to tap into the IPO market with an offer size of 10.37 million equity shares, comprising fresh issues and OFS shares. The issuer will launch shares in the price band of Rs 574-575. The subscription window will open from March 3 until March 5, 2021. The company aims to raise Rs 600 crores from the three days subscription period.

MTAR Technologies IPO

Issuer

MTAR Technologies Limited IPO

IPO Date : 03rd March 2021 - 05th March 2021
Price Band
₹574 to ₹575 per equity share

Issue Size
₹595 Cr - ₹596 Cr

Face Value
₹10 per equity share

Market Lot
26 Shares

Listing At
NSE,BSE
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MTAR Technologies INFORMATION

MTAR Technologies is based out in Hyderabad, a leading national player in the precision engineering domain since 1999. The company produces components and equipment for the defence, aerospace, and energy sectors.

It has seven state-of-the-art modern manufacturing facilities in Hyderabad and Telangana.

The company will use the capital received from the issuance of fresh shares to repay Rs 63 crores in debt and Rs 93 crores to meet the next two years' capital requirement.

Competitive strength

  • A leading player in its domain with a well-diverse product portfolio
  • 7 state-of-the-art production units
  • Extended supplier base
  • Robust financial track record
  • Experienced Management

How to apply for MTAR Technologies IPO :


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How to apply for MTAR Technologies IPO

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MTAR Technologies IPO FAQs

What is an IPO?

IPO is a type of public offering where the company releases its shares to general investors to raise capital from the market. It allows investors to invest in potential companies for the long term.

What is MTAR Technologies IPO?

Hyderabad-based MTAR Technologies will release IPO shares worth Rs 600 crores, consisting of 2.5 million fresh scrips and 8.22 million OFS equity shares from promoters. The shares will launch in the price band of Rs 574-575.

How to apply in MTAR Technologies IPO through Angel One?

Current users can log in to their account on the Angel One website or the mobile app and apply from there. Select MTAR IPO from the dropdown list of all available IPOs and click apply. Open Angel One Demat Account. Click here.

When will MTAR Technologies IPO open?

The IPO bidding window opening on March 3 will remain open till March 5, 2021.

What is the minimum lot size of MTAR Technologies IPO?

Investors must apply for a minimum lot of 26 shares and increase their bid for up to 13 lots of 388 shares or an application amount of Rs 194,350.

How to apply for MTAR Technologies IPO?

You can apply through a stockbroking firm, such as Angel One or a bank that offers ASBA service. Open a Demat account with Angel One and receive MTAR IPO shares directly to it. Click here.

When is MTAR Technologies IPO allotment?

The tentative share allotment date is March 10, 2021.

When is MTAR Technologies IPO listing date?

MTR Technologies IPO shares will debut in the BSE and NSE stock exchanges on March 16, 2021.

How to pay for MTAR Technologies IPO using UPI?

To apply through UPI, one must link his/her bank account to a UPI handle, such as BHIM or Google Pay. You'll receive a payment mandate in your UPI handle at the final stage of the application process. Accept it to complete the bidding process for the MTAR Technologies IPO.

How will I receive the MTAR Technologies IPOs?

The IPO shares will get credited to your Demat account directly. Open a free Demat account with Angel One. Click here.

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