MTAR Technologies Limited IPO (MTAR Technologies IPO) Details:

MTAR Technologies Limited IPO

MTAR Technologies Limited IPO (MTAR Technologies IPO) Details:

MTAR Technologies Limited IPO Details. The organization focuses on the manufacture of mission-critical precision parts, using precise machining, fabrication, advanced production, testing, and quality control techniques in near tolerance as well as in critical assemblies.

MTAR Technologies has considerably extended its product line from the start to include essential assemblies such as GSLV Mark III liquid engine, Agni Programs Base Shroud Assembly & Airframes, LCA power generators, fuel cell, petroleum core, bridge & columns, power mechanisms, the Thimble Kit, etc. MTAR Technologies has increased its product range. The diverse criteria for the Indian nuclear, security, and space industries meet a broad variety of dynamic portfolios. Any of the most valued clients are ISRO, NPCIL, DRDO, Bloom Resources, Rafael, Elbit, etc.

The company currently has 7 state-of-the-art Hyderabad, Telangana manufacturing facilities that conduct accurate packaging, assembling, special assemble, brazing and heat treatment, quality control and monitoring, as well as additional advanced procedures in general.

MTAR Technologies Limited IPO (MTAR Technologies IPO) Details:

IPO Opening Date Mar 3rd, 2021
IPO Closing Date Mar 5th, 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 1,03,72,419 Eq Shares of ₹10
(aggregating up to ₹596.41 Cr)
Fresh Issue 21,48,149 Eq Shares of ₹10
(aggregating up to ₹123.52 Cr)
Offer for Sale 82,24,270 Eq Shares of ₹10
(aggregating up to ₹472.90 Cr)

MTAR Technologies Limited IPO:

This company is a global pioneer in detailed engineering. The organization focuses on the manufacture of mission-critical precision parts, using precise machining, fabrication, advanced production, testing, and quality control techniques in near tolerance as well as in critical assemblies. However, the issue is going to be opened on the 3rd March and it will be closed on 5th March 2021. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. 574 – 575 per share. However, the minimum market lot is set at 26 shares per lot. Moreover, the minimum order quantity for buying is 26 shares. Further, the stock listing at BSE NSE. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. 596.41 crores. And its fresh issue of Equity shares of Rs. 10/- aggregating up to Rs. 123.52 crores. And the Offer for Sale is Rs. 472.90 crores.

Objects of the Issue:

    • To partly or fully repay the company’s borrowings.
    • Hence, To finance the company’s working capital requirements.
    • To meet general corporate purposes.

Prospectus Documents:

MTAR Technologies IPO DRHP

MTAR Technologies IPO DRHP

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/

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