MTAR Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,186,209 (50%) | — | ₹29,821 Cr |
| NII (HNI) | — | 1,555,863 (15%) | — | ₹8,946 Cr |
| Retail | — | 3,630,347 (35%) | — | ₹20,874 Cr |
| Σ Total | — | 10,372,419 (100%) | — | ₹596,414 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,950 |
| Retail (Max) | 13 | 338 | ₹194,350 |
| S-HNI (Min) | 14 | 364 | ₹209,300 |
| B-HNI (Min) | 67 | 1,742 | ₹1,001,650 |
Financial Statements Amount in Crore
| Metric | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 178 | 218 | 186 |
| Profit After Tax | 28 | 31 | 39 |
| Total Assets | 382 | 346 | 305 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment or prepayment in full or part of borrowings availed by our Company – 63.00
- 2 Funding working capital requirements – 95.00
- 3 General corporate purposes – 54.92
Company Overview
Incorporated in 1999, MTAR Technologies is a leading national player in the precision engineering industry. The company is primarily engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality 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 wide range of complex product portfolios meets the varied requirements of the Indian nuclear, Defence, and Space sector. ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, etc. are some 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 heat treatment, testing and quality control, and other specialized processes.
Competitive strengths
- Wide range of product portfolio.
- 7 Modern technology manufacturing units.
- Diversified supplier base.
- Strong financial track record.
- Experienced and qualified management.