MTAR Technologies, a Hyderabad based precision engineering solutions industry involved in manufacturing mission critical components since 1970 is all set to launch an initial public offer on 03rd March 2021 which closes on 05th March 2021. This is a main-board IPO of overall 1,03,72,419 equity shares of the face value of RS.10 per share, amounting to a total value of up to RS.596.41 crores. With minimum order quantity of 26 shares, each share is priced between Rs.574 to RS.575. This is proposed to get listed both on NSE and BSE by KFIntech Pvt Ltd (official registrar to the IPO).
All you should know about MTAR Technologies IPO
What is the date of MTAR Technologies IPO?
The all awaited IPO of MTAR Technologies is all set to hit the market on Wednesday 03rd March 2021 and will close on Friday, 05th March 2021.
How many shares are issued and what is the price band for MTAR Technologies IPO?
Total of 1,03,72,419 equity shares of face value of RS.10 for each share are issued with a price band ranging between RS.574-RS.575 per share.
What is the size of the fresh issue?
The total value of IPO is RS.596.41 crores, out of which RS.124 crores is the fresh issue and remaining RS.473 crores value of shares are for sale
Where will the shares be listed?
The shared are proposed to be listed both on NSE and BSE. KFIntech Pvt Ltd. is the official registrar for the IPO.
Is there any lot size?
Shares can be bought in the lot size of 26 shares of the value of RS.14,950 and in its multiples with the maximum limit of 13 lots i.e. 338 shares valuing nearly RS,1,94,350 for retail investors.
What are the details of the quota reserved?
For retail investors the quota is fixed at 35 percentage of the net offer, NII quota is 50 percent and QIB quota is fixed at 50 percent. There is no provision for employee quota in this IPO from MTAR Technologies,
On what basis will these shares be allotted?
No such basis is defined yet, the company is likely to finalise the process on 10th of March 2021.
How to apply for the MTAR Technologies IPO?
An investor should have a Demat account or can open a Demat account with a stock holder who is already an approved depository participant of either CDSL or NSDL, this ensures smooth functioning of the transaction. Offer can be applied online by using ASBA or UPI as payment method.
What is the tentative vital date sheet of the IOP?
IPO launch date – 03rd March 2021
Offer closing date – 05th March 2021
Finalisation of basis of allotment – 10th March 2021
Initialisation of Refunds – 12th March 2021
Credit in Demat account – 15th March 2021
Listing of shares – 16th March 2021
How and from where to check allotment status of shares?
One can check allotment status on the online portal of KFInteck Pvt Ltd @ https://ris.kfinteck.com/ipostatus/ipos.asp . This entity is the official registrar to this issue, registered and recognised by SEBI. It is fully equipped and qualified to conduct this process electronically as per the laid guidelines.
Who are the promoters of the company?
M.Madhavi, G.Kavitha Reddy, Parvat Shrinivas Reddy, Saranay Loka Reddy, P.Leelavathi, A.Manogna, Ayushman Reddy, C Usha Reddy, P Kalpana Reddy, D Anitha Reddy and K Shalini hold a total of RS. 1,42,87,337 value of equity shares which amounts up to 49.94% of paid-up capital of the company.
Who are the Book Running Lead Managers to this IPO?
IIFL Securities and JM Financials are appointed as the Lead Managers to this issue by the company.
More about MTAR technologies.
The company is dedicated into precision engineering to build missile systems, nuclear and pressurised water reactors, aircraft components, aerospace engines and many other important assemblies and components. The establishment pays more focus on clean energy because its key clients are actively involved in the manufacturing of power units and such projects.
What is the main aim of the company behind this IPO?
The company proposes to repay Rs.63 crores against borrowings, utilize RS.62 crores as working capital and the remaining RS.33 crore to be utilized against general corporate purposes from the monies raised by fresh IOP.
Financials of MTAR Technologies IPO
| 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 | |