MTAR Technologies Limited is India’s prominent player in the precision engineering industry. The company has the machining, assembly, specialized fabrication, painting and special processes facilities available under one roof, which are probably considered as one of the best facilities available in India, as well as in Asia. MTAR Technologies boasts of clients such as ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, among others.
The company started in 1970 with it’s first unit for fulfilling BHEL orders. Since then grown to around 8 units. The company promoters are 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.
MTAR IPO Details
| IPO Opening Date | 3rd March, 2021 |
| IPO Closing Date | 5th March, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| Market Lot Size | 26 Shares |
| Minimum Order | 1 Lot (26 Shares) |
| Issue Size | 10,372,419 Eq Shares of ₹10 |
| Offer for Sale | 8,224,270 Eq Shares of ₹10 |
| MTAR IPO Registrar | KFintech Private Limited |
| Listing at | NSE, BSE |
MTAR IPO Lot Size
Retail individual investors can apply for MTAR IPO for the following minimum and maximum lots.
| MTAR IPO | Lots | Shares | Amount @ Cut-off Price |
| Minimum Lots | 1 | 26 | ₹14,950 |
| Maximum Lots | 13 | 338 | ₹1,94,350 |
MTAR IPO Important Dates
| IPO Open Date | 3rd March, 2021 |
| IPO Close Date | 5th March, 2021 |
| Allotment Date (Tentative) | 10th March, 2021 |
| Initiation of Refunds (Tentative) | 12th March, 2021 |
| Credit of Shares in Demat Account (Tentative) | 15th March, 2021 |
| IPO Listing Date (Tentative) | 16th March, 2021 |
MTAR Company Contacts
MTAR Technologies Limited
18, Technocrats Industrial Estate
Balanagar, Hyderabad 500037, Telangana, India
Tel: +91 40 4455 3333
Email: shubham.bagadia@mtar.in
Website: https://www.mtar.in
Company Secretary & Compliance Officer:
shubham.bagadia@mtar.in
MTAR IPO Registrar & Transfer Agent
| Name: | Kfin Technologies Private Limited |
| Address: | Selenium, Tower B, Plot No- 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi – 500 032 ,Telangana, India. |
| Tel: | +91 40 6716 2222 |
| Toll free number: | 18004258998 / 18003454001 |
| E-mail: | mtar.ipo@kfintech.com |
| Investor grievance e-mail: | einward.ris@kfintech.com |
| SEBI Registration No.: | INR000000221 |
| Website: | www.kfintech.com |
MTAR IPO – Red Herring Prospectus
https://www.sebi.gov.in/filings/public-issues/dec-2020/mtar-technologies-limited_48488.html
Frequently Asked Questions about MTAR IPO.
When MTAR IPO will open?
MTAR IPO will open on 3rd March, 2021. The last date to participate in this IPO is 5th March, 2021.
When will MTAR IPO shares will get allotted?
MTAR IPO tentative allotment date is 10th March, 2021. Refunds to subscribers will be initiated by 12th March, 2021 (tentatively) and credit of shares in Demat account will be done by 15th March, 2021.
When will MTAR IPO shares get listed?
MTAR IPO shares will get listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India on 26th of February 2021.
Where can I check MTAR IPO Allotment?
You can check the status of your MTAR IPO Allotment on the regisrar website at https://kcas.kfintech.com/ipostatus/