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MTAR IPO Subscription
As on 3 March [email protected] 5.00 pm
QIB: 2074484 Sh :0.00 T
NII: 1555863 Sh : 1.02 T
RII: 3630347 Sh : 6.93T
Tot: 7260694 Sh : 3.68 T

MTAR GMP Today #
As on 3 March [email protected] 5.00pm
Grey Market Premium Rs. 450
Application Rates :Rs. 500
Subject to Rates : Rs. 8000
For Past trend ,See Page bottom box

MTAR Company Details
MTAR is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through its precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured .
It primarily serves customers in the clean energy, nuclear and space and defence, sectors. Since inception, it has strived to grow continually, contributing to the Indian civilian nuclear power programme, Indian space programme, Indian defence and aerospace sector, as well as to the global clean energy sector and the global defence and aerospace sector. Over the years, it has also developed import substitutes such as ball screws and water lubricated bearings that are specialized and used in the sectors it caters to .It believes the engineering capability of the Company, evolved over decades, has enabled it to consistently offer quality complex precision manufactured components and assemblies, within stipulated timelines and at reasonable cost in most cases, allowing us to forge a robust relationship with its customers.
Its offerings are served in the clean energy, nuclear and space and defence sectors where it manufactures critical and differentiated engineered products with a healthy mix of developmental and volume-based production, customized to meet the specific requirements of its customers.
MTAR focuses on clean energy as one of our key customer sectors and are accordingly, involved in the manufacture of power units, specifically hot boxes, and in the development and manufacture of hydrogen boxes and electrolyzers, to serve Bloom Energy Inc., United States (“Bloom Energy”) with which, it has been associated with for over nine years.During the Fiscals ended 2018, 2019 and 2020, and for the nine months ended December 31, 2019 and for the nine months ended December 31, 2020, its revenue from customers in the clean energy sector accounted for 49.14%, 61.42%, 64.34%, 71.01% and 49.33%, respectively, of its revenue from operations.
In addition, it has been serving customers in the nuclear sector for over 35 years, and have established relationships with the Nuclear Power Corporation of India Limited (“NPCIL”) having served them for over 16 years.
During the Fiscals ended 2018, 2019 and 2020, and for the nine months ended December 31, 2019 and for the nine months ended December 31, 2020, its revenue from customers belonging to the nuclear sector accounted for 28.89%, 13.05%, 14.27%, 7.33% and 27.13%, respectively, of its revenue from operations.
It is also a key supplier of mission critical assemblies and components to customers within the space and defence sectors for their programs of national importance. Through our long-standing relationships of over three decades and four decades with customers such as the Indian Space Research Organisation (“ISRO”) and the Defence Research and Development Organisation (“DRDO”), it has been able to supply specialized products to the Indian space programme and the Indian missile programme, respectively.
MTAR currently operates through seven manufacturing facilities, including an export-oriented unit (“EOU”). These manufacturing facilities, each of which is situated in Hyderabad, Telangana, employ advanced equipment to undertake precision machining, assembly, testing and quality control, specialized fabrication, brazing and heat treatment, and other specialized processes, leading to it being a one-stop solutions company for its customers.
The strengths of the company:
• Precision engineering expertise with complex product manufacturing capability
• Wide product portfolio leading to long-standing relationships with our customers
• Modern technology at our state-of-the-art manufacturing facilities
• Strong and diversified supplier base for sourcing of raw materials
• Track record of growth in financial performance
For more study : www.mtar.in

The promoters of MTAR
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 Technologies Limited IPO Main Objects
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders. The Company will not receive any proceeds from the Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue and the proceeds of the Pre-IPO Placement towards funding the following objects:
1. Repayment / prepayment in full or in part, of borrowings availed by the Company
2. Funding working capital requirements;

MTAR IPO Details
IPO Opens on : 3 March 2021
IPO Closes on : 5 March 2021
Issue Type: Book Built Issue IPO
Issue :
Offer of 10372,419 Equity Shares having face value of 10.00 each at a price of Rs 574/575 per Equity Share Aggregating to Rs. 596.41 Cr
Of which:
Fresh Issue Up to 2148149 Equity Shares
Offer for Sale Up to 8224270 Equity Shares
Face Value per share : Rs. 10

MTAR IPO Price Band Per Equity Share: Rs.574-575
MTAR IPO Lot Size 26 Shares
MTAR Listing will at BSE,NSE

Shares offered to
QIB 50%, 5186209 Shares = INR 309.31 Crs
NII 15%,1555863 Shares = INR 89.46 Cr
RII 35%, 3630347 Shares = INR 208.74 Cr
Lot size: 26 = 139629 Forms

MTAR IPO Tentative timeTable
Price Band announced 25 Feb 2021
MTAR IPO Anchor List
MTAR IPO Opens on 3 March 2021
MTAR IPO Closes on 5 March 2021
MTAR IPO Allotment on 13 March 2021
Unblocking of ASBA 13 March 2021
Credit to Demat Accounts 14 March 2021
MTAR IPOListing on 15 March 2021

MTAR IPO Ltd Financial Details :
Earnings per Share 2017-18 Rs 1.92
Earnings per Share 2018-19 Rs 13.89
Earnings per Share 2019-20 Rs 11.11
Earnings per Share 2020-21,9M Rs 10.48
Book Value of the Share as on 31.12.2020 Rs 91.78
Return on Net Worth: 17-18 2.64 %
Return on Net Worth: 18-19 16.68 %
Return on Net Worth: 19-20 13.91 %
Return on Net Worth: 20-21,9M : 11.42 %
Upper Price Band/last EPS: 51.76
Upper offer price/Book Value Ratio: 6.26

MTAR IPO Peer Comparison:
The company believes that none of the listed companies in India are engaged in a portfolio of business similar to its.

MTAR IPO Lead Managers 
JM Financial Limited
IIFL Securities Limited

MTAR Registrar to the  IPO
KFin Technologies Private Limited

Registered Office of MTAR Technologies Limited
18, Technocrats Industrial Estate,
Balanagar,
Hyderabad 500 037,
Telangana
Company Secretary and Compliance Officer
Shubham Sunil Bagadia

MTAR IPO Grey Market Premium Trend
As on 3 March [email protected] 12.00 nooon
Grey Market Premium Rs. 450
Application Rates :Rs. 500
Subject to Rates : Rs. 8000
As on 2 March 2021 @ 6.00 pm
Grey Market Premium Rs. 440
Application Rates :Rs. 500
Subject to Rates : Rs. 7000
As on 1 March 2021 @ 8.00 pm
Grey Market Premium Rs. 400
Application Rates :Rs. 475
Subject to Rates : Rs. 7000
As on 27 February 2021 @ 4.00 pm
Grey Market Premium Rs. 400
Application Rates :Rs. 450
Subject to Rates : Rs. 7000
As on 26 February 2021 @ 6.00 pm
Grey Market Premium Rs. 320/340
Application Rates :Rs. 375
Subject to Rates : Rs. 4500/5000
As on 25 February 2021 @ 12.00 noon
Grey Market Premium Rs. 200
Application Rates :Rs. 275

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MTAR Technologies Limited IPO Live Review & Analysis @ youtube.com/c/chanakyanipothi