MTAR Technologies is engaged in the manufacture of precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance.
The company primarily serves customers in the nuclear, space and defence, and clean energy sectors. Since inception, the company has contributed to the Indian civilian nuclear power programme, Indian space programme, Indian defence and aerospace sector, global defence and aerospace sector, as well as to the global clean energy sector.
Clean energy is another key area for the company and it makes power units, specifically hot boxes, and hydrogen boxes, and electrolyzers for global customers including Bloom Energy. Clean energy accounted for 64.34% of its revenues in FY2020.
The company manufactures and supplies specialized products such as fuel machining head, drive mechanisms, bridge and column and coolant channel assemblies, among others, not just for the new pressurised heavy water nuclear reactors, but also for refurbishment of the existing reactors.
During FY2020, 14.27% of its revenue from operations came from Nuclear sector. MTAR Technologies operates through seven manufacturing facilities, including an export-oriented unit (EOU) in Hyderabad, Telangana.
Competitive Strengths
- Wide range of product portfolio.
- 7 Modern technology manufacturing units.
- Diversified supplier base.
- Strong financial track record.
- Experienced and qualified management.
MTAR Technologies 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.
MTAR Technologies 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 |
MTAR Technologies 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 | 03 MAR, 2021 |
| IPO Closing Date | 05 MAR, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹ 596.41 Cr. |
| 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 |
| Total Share Issue | 10,372,419 Equity Share |
MTAR Technologies IPO
| IPO Open Date | 03 FEB, 2021 |
| IPO Close Date | 05 FEB, 2021 |
| Finalization of Basis of Allotment | 10 MAR, 2021 |
| Initiation of Refunds | 12 MAR, 2021 |
| Credit of Shares to Demat Account | 15 MAR, 2021 |
| IPO Listing Date | 16 MAR, 2021 |
MTAR Technologies IPO Lots Size & Price (Retail)
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 26 | 14,950 |
| Maximum | 13 | 338 | 1,94,350 |
MTAR Technologies IPO : How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For MTAR Technologies IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the MTAR Technologies IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| MTAR Technologies Limited 18, Technocrats Industrial Estate Balanagar, Hyderabad 500 037 Phone: +91 40 4455 3333 Email: shubham.bagadia@mtar.in Website: https://mtar.in/ |
