MTAR Technologies IPO:GMP, Issue Size, Issue price, IMP Dates.

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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. 

MTAR Technologies India IPO

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 

MTAR Technologies IPO Registrar 

KFin Technologies Limited 
Phone: 04067162222, 04079611000 


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