MTAR Technologies Ltd-IPO

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 / M. Madhavi.

About Company:-
    MTAR is incorporated on November 11th 1999 as Pvt Ltd company, which was a partnership firm since 1970 it is a Hyderabad based Company.
MTAR Technologies Limited is a leading precision engineering solutions company 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 its precision machining, assembly, testing, quality control, and Specialized fabrication competencies, some of which have been indigenously developed and manufactured

    MTAR primarily serve customers in the clean energy, nuclear and space and defence, sectors. Company contributing to the Indian civilian nuclear power programme, Indian space programme, Indian defence and aerospace sector, as well as to the global clean energy sector and the global defence and aerospace sector.

    MTAR focus on clean energy as one of its key customer sectors and are accordingly, involved in the manufacture of power units, specifically hot boxes, and in the development and manufacture of hydrogen boxes and electrolyzers, to serve Bloom Energy Inc., United States (“Bloom Energy”) with which, Company has been associated with for over nine years.  The company have been serving customers in the nuclear sector for over 35 years, and have established relationships with the Nuclear Power Corporation of India Limited (“NPCIL”) having served them for over 16 years.

    MTAR has been key supplier of mission critical assemblies and components to customers within the space and defence sectors for their programs of national importance. Through its long-standing relationships of over  three decades and four decades with customers such as the Indian Space Research Organisation (“ISRO”) and the Defence Research and Development Organisation (“DRDO”), Company has been able to supply specialized products to the Indian space programme and the Indian missile programme, respectively.

    MTAR been awarded various awards such as the ‘Best Quality Supplier Award’, ‘Defence Technology Absorption Award’, ‘INS Industrial Excellence Award’ and the ‘Award for Excellence in Aerospace Indigenization’.


Issue Details:-
MTAR Technologies Issue of up to 10,372,419 Equity Shares. (Fresh Issue of upto 2,148,149 Equity shares and Offer for sale of upto 8,224,270 Equity shares).  MTAR Technologies Issue size is Rs 595.38 cr – 596.41 cr. Face value is Rs 10


Issue Period

Wednesday, March 03rd, 2021

Friday, March 05th, 2021

Price Band

Rs.574/- to Rs.575/- per equity share.

Bid Lot

26 Equity share and multiple of 26 equity share thereafter.

Issue Size

Rs.596.41 Cr

Issue break-up

QIB  - 50 % of the offer -   Rs. 298.21 Cr

NIB  - 15 % of the offer -   Rs.   89.46 Cr

RET - 35 % of the offer -   Rs. 208.74 Cr

Listing

BSE & NSE

Registrar

KFin Technologies Private Limited.

UPI

All Retail Applications through brokers are compulsorily in UPI Mode







Retail Bidding Chart:-