| 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 | ₹1063.90 |
| Listing Gain% | 85.03 |
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 their 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.
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.
| 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 |
| 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 |
| 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. |
| 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 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusMTAR Technologies Limited IPO will open on 03 Mar 2021 and close on 05 Mar 2021.
MTAR Technologies Limited IPO will list on 16 March 2021.
The offer price of MTAR Technologies Limited IPO is ₹574-575.
The lot size of MTAR Technologies Limited IPO is 26.
The Grey Market Premium (GMP) price of MTAR Technologies Limited IPO is ₹485-495.
The Kostak price of MTAR Technologies Limited IPO is ₹500.
The Subject to Sauda price for MTAR Technologies Limited IPO is ₹8000.
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