MTAR Technologies IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 03 Mar 2021 - 05 Mar 2021
Issue Size ₹596.41 Cr
Issue Price ₹574-575
Market Lot 26 Shares
Shares on Offer 10,372,419
Registrar KFintech
GMP ₹485-495
Kostak ₹500
Subject to Sauda ₹8000
Listing Date 16 March 2021
Listing Price N/A
Listing Gain% N/A

About MTAR Technologies Limited

They are a 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.

The company has the machining, assembly, specialized fabrication, painting and special processes facilities available under one roof, which are probably considered as one of the best facilities available in India, as well as in Asia.

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.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 3,462.71 3,051.58 2,810.32
Total Revenue (In ₹ Millions) 2,181.42 1,859.10 1,605.45
Profit After Tax (PAT) (In ₹ Millions) 313.18 391.99 54.23

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
05 Mar 2021 ₹485-495 ₹500 ₹8000
04 Mar 2021 ₹430-450 ₹550-600 ₹8000-8500
02 Mar 2021 ₹370-375 ₹520-550 ₹8000-8500
26 Feb 2021 ₹170-180 ₹250-275 N/A
25 Feb 2021 ₹120-130 N/A N/A

Strengths & Weaknesses

Strength
Company Asset and Revenue is increasing since 2018.
The GMP for the stock is good.
Weakness
The profit has dipped in 2020 compared to 2019.

MTAR Technologies Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 03 Mar 2021 0.00 1.02 6.93 3.68
Day 2 - 04 Mar 2021 0.96 8.04 16.55 10.27
Day 3 - 05 Mar 2021 164.99 650.79 28.40 200.79

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

MTAR Technologies Limited IPO FAQs

  1. When will MTAR Technologies Limited IPO open?

    MTAR Technologies Limited IPO will open on 03 Mar 2021 and close on 05 Mar 2021.

  2. What is the listing date of MTAR Technologies Limited IPO?

    MTAR Technologies Limited IPO will list on 16 March 2021.

  3. What is the offer price of MTAR Technologies Limited IPO?

    The offer price of MTAR Technologies Limited IPO is ₹574-575.

  4. What is the lot size of MTAR Technologies Limited IPO?

    The lot size of MTAR Technologies Limited IPO is 26.

  5. What is the Grey Market Premium (GMP) price of MTAR Technologies Limited IPO?

    The Grey Market Premium (GMP) price of MTAR Technologies Limited IPO is ₹485-495.

  6. What is the Kostak price of MTAR Technologies Limited IPO?

    The Kostak price of MTAR Technologies Limited IPO is ₹500.

  7. What is the Subject to Sauda price for MTAR Technologies Limited IPO?

    The Subject to Sauda price for MTAR Technologies Limited IPO is ₹8000.

MTAR Technologies Limited IPO Review/Comments

Is allowt me MTAR IPO

Arvind Kumar

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