MTAR Technologies Incorporated in 1999, 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.
MTAR Technologies has significantly expanded its product portfolio including critical assemblies. 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.
Currently, The firm has 7 state-of-the-art manufacturing facilities in Hyderabad and Telangana that undertake precision machining, assembly, specialized fabrication, brazing and heat treatment, testing and quality control, and other specialized processes.
Competitive 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 Details
| 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 |
| BSE Script Code | 543270 |
| NSE Symbol | MTARTECH |
| ISIN | INE864I01014 |
| Issue Size | 10,372,419 Eq Shares of ₹10 (aggregating up to ₹596.41 Cr) |
| Fresh Issue | 2,148,149 Eq Shares of ₹10 (aggregating up to ₹123.52 Cr) |
| Offer for Sale | 8,224,270 Eq Shares of ₹10 (aggregating up to ₹472.90 Cr) |
IPO TIME TABLE
| PARTICULAR | DATE |
| IPO Opening Date | 3-Mar-21 |
| IPO Closing Date | 5-Mar-21 |
| Listing Date | Monday, March 15, 2021 |
| Basis of Allotment Date | 10-Mar-21 |
MTAR Technologies IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 26 | ₹14,950 |
| Maximum | 13 | 338 | ₹194,350 |
Company Financials:
| PARTICULAR | 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 |
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.
Objects of the Issue:
Partly or fully repay company’s borrowings.
Finance company’s working capital requirements.
Meet general corporate purposes.
REGISTRA & COMPANY DETAILS
| Company Contact Information | MTAR Technologies IPO Registrar |
| 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/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: mtar.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
