MTAR Technologies was incorporated on November11, 1999. MTAR is engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns),and in critical assemblies, to serve projects of high national importance, through our precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured
| Bidding Dates |
|---|
| 03 Mar 2021 - 05 Mar 2021 |
| Subscription |
|---|
| 200.79x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,950 | 1 | 13 | 26 | 10.4 M | ₹574 - ₹575 | 62.24 % | ₹5953.8 M - ₹5964.1 M | RHP DOC |
MTAR Technologies IPO SUBSCRIPTION STATUS
05 Mar '21MTAR Technologies IPO overall subscription rate was 200.79 times the total available shares
MTAR Technologies IPO retail subscription rate was 28.4 times in the retail segment
MTAR Technologies IPO non-institutional investor subscription rate was 650.79 times in the non-institutional investor category
MTAR Technologies IPO Qualified Institutional Bidder subscription rate was 164.99 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
05 Mar 2021 (Day 3) | 28.4x | 650.79x | 164.99x |
04 Mar 2021 (Day 2) | 16.55x | 8.04x | 0.96x |
03 Mar 2021 (Day 1) | 6.93x | 1.02x | 0x |
MTAR Technologies IPO SUBSCRIPTION STATUS DETAILS
MTAR Technologies had 10.4 M shares on offer
MTAR Technologies IPO offer price was in the range ₹574 - ₹575
MTAR Technologies IPO minimum Investment was ₹14950
MTAR Technologies IPO issue size was ₹ 5953.8 M - ₹ 5964.1 M
MTAR Technologies had a minimum lot size of 26 Shares per application
MTAR Technologies NUMBER OF SHARES ON OFFER
MTAR Technologies IPO IMPORTANT DATES
| Issue Open Date | 03 Mar 2021 |
| Issue close Date | 05 Mar 2021 |
| Allotment Date | 10 Mar 2021 |
| Refund Date | 12 Mar 2021 |
| Demat Account Credit Date | 15 Mar 2021 |
| Listing Date | 15 Mar 2021 |
| Listing on Exchange(s) | NSE and BSE |
| MTAR Technologies Allotment Status | Exchange |
MTAR Technologies IPO subscription opened on 03 Mar 2021, and closed on 05 Mar 2021
IPO allotment for MTAR Technologies was finalized on Wednesday, 10 Mar 2021
IPO listing for MTAR Technologies was on NSE and BSE on Monday, 15 Mar 2021
MTAR Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 575.0 |
| Listing Open Price | 990.0 |
| Listing Close Price | 1082.3 |
| Listing Gain% | 72.2% |
| Current Gain% | 1132.3% |
MTAR Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MTAR Technologies Ltd. | 7085.5 | 20272.6 | 163.3 | 1.3 | 20.2 | 11.4 | 5.4 | 899.3 | 32 | 94 | 77.8 | 43.4 | 125.1 |
| Hindustan Aeronautics Ltd. | 4910 | 328368.5 | 36 | 4 | 9.9 | 22.2 | 6.9 | 36788 | 9.7 | 9115.6 | 9 | 136.3 | 9 |
| Bharat Electronics Ltd. | 401 | 293122.1 | 47.7 | 4.1 | 10.2 | 25.3 | 13.6 | 28176.1 | 15 | 6062 | 13.9 | 8.4 | 11.7 |
| Mazagon Dock Shipbuilders Ltd. | 2514.9 | 101446 | 35.5 | 1.1 | 7.6 | 26.5 | 9.4 | 14145.7 | 12.7 | 2583.3 | 7 | 70.8 | 31.7 |
| Bharat Dynamics Ltd. | 1294 | 47433.2 | 112.8 | -4.8 | 19.4 | 9.9 | 2.9 | 2865.6 | -22.5 | 420.3 | -23.5 | 11.5 | -23.5 |
| Garden Reach Shipbuilders & Engineers Ltd. | 2599 | 29772.1 | 37.2 | 0.9 | 4 | 28.5 | 7 | 7276.5 | 34.5 | 747.9 | 41.8 | 69.9 | 42.9 |
MTAR Technologies INFORMATION ON IPO ISSUE
About MTAR Technologies
Object of the Issue
2. To finance company's working capital requirements.
3. To meet general corporate purposes.
MTAR Technologies - PROMOTERS
| Name |
|---|
| Parvat Srinivas Reddy |
| P. Leelavathi |
| K. Shalin |
| D. Anitha Reddy |
| C. Usha Reddy |
| P. Kalpana Reddy |
| Saranya Loka Reddy |
| A. Manogna |
| M. Madhavi |
| Anushman Reddy |
| G. Kavitha Reddy |
MTAR Technologies Book Running Lead Managers
JM Financial Limited
mtar.ipo@jmfl.com
IIFL Securities Limited
mtar.ipo@iiflcap.com
MTAR Technologies Registrar to the Offer
KFinTechnologies Private Limited
mtar.ipo@kfintech.com
MTAR Technologies Strengths
Wide range of product portfolio.
7 Modern technology manufacturing units.
Diversified supplier base.
Strong financial track record.
Experienced and qualified management.
MTAR Technologies Risks
The company depends significantly on orders from the NPCIL, ISRO and DRDO and depends on n Bloom Energy Inc. and a limited number of other customers for a significant portion of the revenue.
Some historical corporate records are untracble
The company has experienced negative cash flows from operating, investing and financing activities in previous periods and may experience negative cash flows in future periods.
The company faces competition in the product line, including from competitors that may have greater financial and marketing resources.
IPO FAQs
This IPO consists of an offer for sale of up to Rs 472.9 crore, of 8,224,270 shares. It also consists of a fresh issue of Rs 123.5 crore.
The promoters of the company are Parvat Srinivas Reddy, P. Leelavathi, K. Shalin, D. Anitha Reddy, C. Usha Reddy, P. Kalpana Reddy, Saranya Loka Reddy, A. Manogna, M. Madhavi, Anushman Reddy and G. Kavitha Reddy.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 574.0 - 575.0.
The IPO application opens on Mar 03, 2021 and closes on Mar 05, 2021.
The minimum lot size for the IPO is 26. The maximum lot size for the IPO is 338.
For all category investors, the minimum application amount for this IPO is Rs. 14,950.0, the maximum value for this IPO is Rs 194,350.0.
This IPO will be allotted on Mar 10, 2021.
The refund will be credited to your account on Mar 12, 2021.
The allotted shares will be credited to your demat on Mar 15, 2021.
MTAR Technologies Ltd.’s shares listed on the stock exchanges on Mar 15, 2021.