MTAR Technologies Limited IPO

MTAR Technologies IPO
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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.

MTAR Technologies IPO

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

ParticularsFor the year/period ended (₹ in million)
31-Dec-2031-Mar-2031-Mar-1931-Mar-18
Total Assets3,819.143,462.713,051.582,810.32
Total Revenue1,779.912,181.421,859.101,605.45
Profit After Tax280.69313.18391.9954.23

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 Object Of The Issue

MTAR Technologies IPO Details

IPO Opening Date03 MAR, 2021
IPO Closing Date05 MAR, 2021
Issue TypeBook Built Issue IPO
Issue Size₹ 596.41 Cr.
Face Value₹10 per equity share
IPO Price[574] to [575] per equity share
Market Lot26 Shares
Min Order Quantity26 Shares
Listing AtBSE, NSE
Total Share Issue10,372,419 Equity Share

MTAR Technologies IPO

IPO Open Date03 FEB, 2021
IPO Close Date05 FEB, 2021
Finalization of Basis of Allotment10 MAR, 2021
Initiation of Refunds12 MAR, 2021
Credit of Shares to Demat Account15 MAR, 2021
IPO Listing Date16 MAR, 2021

MTAR Technologies IPO Lots Size & Price (Retail)

ApplicationLotsSharesAmount ( Cut-Off)
Minimum12614,950
Maximum133381,94,350

MTAR Technologies IPO : How To Apply

Promoters play a very important role in raising much-needed business revenue.

MTAR Technologies IPO 
How To Apply IPO

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
Websitehttps://mtar.in/

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