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MTAR Technologies IPO Details

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MTAR IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

MTAR IPO

About MTAR Technologies

MTAR Technologies is the leading national player in precision engineering industry 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.

Since its inception in 1970, MTAR has grown into a major group with state-of-the art facilities with unparalleled history of contributing to Indian Civilian Nuclear Power program, Indian Space program, Indian Defence , Global Defence, as well as Global Clean Energy sectors

MTAR IPO Price – Details

DescriptionDetails
Public IssueInitial Public offer of 10,372,419 Equity Shares comprising a Fresh Issue of 2,148,149 Equity Shares and an Offer for Sale of 8,224,270 Equity Shares
Issue Period 03-Mar-2021 to 05-Mar-2021
Issue Type100% Book Building
IPO Price BandRs.574 to Rs. 575
Face Value Rs.10
Market Lot 26 Equity Shares and in multiples thereof
Minimum Order Quantity 26 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE / BSE SymbolMTAR
IPO Market Timings 10.00 a.m. to 5.00 p.m.

MTAR IPO Lead Managers

  • JM Financial Limited
  • IIFL Securities Limited

MTAR IPO Registrar

  • KFin Technologies Private Limited

Also Read : Pavna Industries IPO Details

Objects of the Issue

  1. Repayment / prepayment in full or in part, of borrowings availed by our Company
  2. Funding working capital requirements; and
  3. General corporate purposes.

Also Read : Sovereign Gold Bond Scheme 2020-21 (Series XII) – Issue Price

MTAR IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on03-Mar-21
Bid / Offer Closes on05-Mar-21
Finalisation of Basis of Allotment10-Mar-21
Initiation of refunds 12-Mar-21
Credit of the Equity Shares15-Mar-21
Commencement of trading – Listing16-Mar-21

MTAR IPO DRHP & RHP

MTAR IPO – FAQs

When MTAR IPO will open ?

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The MTAR IPO opens on Mar 03, 2021 and closes on Mar 05, 2021

What is the lot size of MTAR IPO ?

MTAR IPO lot size is 26 Shares and the minimum order quantity is 26 Shares.

What is the price band for MTAR IPO ?

The MTAR IPO price band at Rs.574 to Rs. 575 per share

Who is the Registrar for MTAR IPO ?

The Registrar is KFin Technologies Private Limited

How to apply in MTAR IPO through UPI?

Check the step by step process here – Click here

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