MTAR Technologies Limited IPO
Incorporated in 1999, MTAR Technologies may be a leading national player within the precision engineering industry. the corporate is primarily engaged within the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and internal control processes.
Since its inception, MTAR Technologies has significantly expanded its product portfolio including critical assemblies i.e. 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 good range of complex product portfolios meets the numerous requirements of the Indian nuclear, Defence, and Space sector. ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, etc. are a number of the esteem clients.
Currently, the firm has 7 state-of-the-art manufacturing facilities in Hyderabad, Telangana that undertake precision machining, assembly, specialized fabrication, brazing and warmth treatment, testing and internal control , and other specialized processes.
Competitive strengths
Wide range of product portfolio.
7 Modern technology manufacturing units.
Diversified supplier base.
Strong financial diary .
Experienced and qualified management.
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 corporate promoters.
Company Financials:
| 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 | |
Objects of the Issue:
- To partly or fully repay company’s borrowings.
- To finance company’s working capital requirements.
- To meet general corporate purposes.
MTAR Technologies IPO Details
| IPO Opening Date | Mar 3, 2021 |
| IPO Closing Date | Mar 5, 2021 |
| 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 |
| 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) |
MTAR Technologies IPO Tentative Timetable
The MTAR Technologies IPO open date is Mar 3, 2021, and the close date is Mar 5, 2021. The issue may list on Mar 16, 2021.
| IPO Open Date | Mar 3, 2021 |
| IPO Close Date | Mar 5, 2021 |
| Basis of Allotment Date | Mar 10, 2021 |
| Initiation of Refunds | Mar 12, 2021 |
| Credit of Shares to Demat Account | Mar 15, 2021 |
| IPO Listing Date | Mar 16, 2021 |
MTAR Technologies IPO Lot Size
The MTAR Technologies IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹194,350).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 26 | ₹14,950 |
| Maximum | 13 | 338 | ₹194,350 |
MTAR Technologies IPO Promoter Holding
| Pre Issue Share Holding | 62.24% |
| Post Issue Share Holding | 50.25% |