There are many interesting IPOs which are scheduled to be launched in 2021. One such IPO is the Mtar Technologies Limited IPO that is going to launch on March 3, 2021. To Apply for the IPO's you should must have Demat Account. To open Demat Account Click on ZERODHA & UPSTOX.
On 4 March 2021:- GMP Rs 400For Past trend ,See bottom of Page.
MTAR Technologies is a leading national player in the precision engineering industry. Incorporated in 1999. 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 manufacturing facilities in Telangana & Hyderabad
that undertake precision machining, assembly, specialized fabrication, brazing and heat treatment, testing and quality control, and other specialized processes.
that undertake precision machining, assembly, specialized fabrication, brazing and heat treatment, testing and quality control, and other specialized processes.
Strengths of the company
• Precision engineering expertise with complex product manufacturing capability
• Wide product portfolio leading to long-standing relationships with our customers
• Modern technology at our state-of-the-art manufacturing facilities
• Strong and diversified supplier base for sourcing of raw materials
• Track record of growth in financial performance
Promoters of MTAR
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.
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.
Promoter Holding
| Pre Issue Share Holding | 62.24% |
| Post Issue Share Holding | 50.25% |
- 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 | ₹596.41 Cr |
| Fresh Issue | ₹123.52 Cr |
| Offer for Sale | ₹472.90 Cr |
Category-wise Break up:
| QIB (50%) | 309.31 Cr. |
| NII (15%) | 89.46 Cr. |
| RII (35%) | 208.74 Cr. (Lot size: 26) |
| Total Issue Size | Eq. Shares of ₹10 (aggregating up to ₹596.41 Cr) |
Company Financials:
| 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 | |
Earnings per Share 2017-18 Rs 1.92
Earnings per Share 2018-19 Rs 13.89
Earnings per Share 2019-20 Rs 11.11
Earnings per Share 2020-21,9M Rs 10.48
TimeTable
| 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 IPO Lead Managers
JM Financial Limited
IIFL Securities Limited
MTAR Registrar to the IPO
KFin Technologies Private Limited
Grey Market Premium
On 3 Mar 2021:- GMP Rs.450
On 2 Mar 2021 :- GMP Rs 440
On 1 Mar 2021 :- GMP Rs 350
On 26 Feb 2021:- GMP Rs 320
On 25 Feb 2021:- GMP Rs.200
On 24 Feb 2021:- GMP Rs.150
Note:- Grey Market Premium is subject to change with time to time.
Allotment Status
Please click the link below to check the IPO allotment status.
Subscription Details:
| Category | Shares Offered | Subscription (no. of times) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 2,074,484 | 0.00x | 0.77x | |
| NII | 1,555,863 | 1.02x | 6.57x | |
| Retail | 3,630,347 | 6.93x | 14.35x | |
| Employees | ||||
| Total | 7,260,694 | 3.68x | 8.8x | |
Comments
Post a Comment