MTAR Technologies IPO is a leading national player in the precision engineering industry and is all set to make a debut in the stock market with an issue size of 596.41 Cr.
MTAR Technologies IPO -Overview
| MTAR Technologies India IPO Issue Date | 3-5 March 2021 |
| MTAR Technologies India IPO Opening Date | 3 March 2021 |
| MTAR Technologies India IPO Face Value | INR 10 per share |
| MTAR Technologies India IPO Price | INR 575 per share |
| MTAR Technologies India IPO Lot Size | 26 Shares |
| Issue Size | 596.41 Cr |
| Offer for sale | 472.90 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE. |
| QIB Shares Offered | 164.99 times |
| NII (HNI) Shares | 650.79 times |
| 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. |
MTAR Technologies IPO-Tentative Dates
| MTAR Technologies India IPO opening date | 3 March 2021 |
| MTAR Technologies India IPO closing date | 5 March 2021 |
| Basis of Allotment | 10 March 2021 |
| Initiation of Refunds | 12 March 2021 |
| The credit of Shares to Demat | 15 March 2021 |
| MTAR Technologies India IPO Listing Date | 15 March 2021 |
MTAR Technologies IPO – Industry Overview.
MTAR Technologies Limited is a precision engineering solutions company. It is primarily for the manufacture of mission-critical precision components with close tolerances and in critical assemblies to serve projects of high national importance.
To fulfill its role, it uses its precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured.
The primary sectors services by MTAR Technologies are Clean Energy, Nuclear, Space, and Defense.
Since its inception, MTAR has constantly contributed to the Indian civilian nuclear power program, Indian space program, Indian defense and aerospace sector, as well as to the global clean energy sector and the global defense and aerospace sector.
MTAR Technologies IPO – Company Overview
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, Defense, and Space sector. ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, etc. are some of the esteem clients.
MTAR Technologies IPO -Objectives
- To make repayment/pre-payment of company’s borrowing fully or partially.
- To meet general corporate purposes.
MTAR Technologies IPO – Financial Statements
| Particulars | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 3,819.14 | 3,462.71 | 3,051.58 |
| Total Revenue | 1,779.91 | 2,181.42 | 1,859.10 |
| Profit After Tax | 280.69 | 313.18 | 391.99 |
MTAR Technologies IPO – Strengths
- Wide range of product portfolio.
- 7 Modern technology manufacturing units.
- Diversified supplier base.
- Strong financial track record.
- Experienced and qualified management.
MTAR Technologies IPO- Weakness
- While MTAR Technologies has some big names as clients like DRDO, ISRO, NPCIL, etc., it has a high dependency on these clients.
- The precision engineering industry has strict quality requirements and ensuring adherence to the same can be costly. Also, errors can cause a lot of damage.
- Any disruption in supply can negatively affect business revenues.
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
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: mtar.ipo@kfintech.com
Website: https://karisma.kfintech.com/
