MTAR Technologies IPO Details | Date, Share Price, Allotment Size
MTAR Technologies IPO Details.
MTAR Technologies IPO is to be launched on the market on 3rd March 2021. MTAR Technologies– A leading player in the precision engineering industry, based in Hyderabad. They manufacture equipment for the defense, aerospace, and nuclear energy Sectors. MTAR Technologies IPO price is fixed at Rs. 574/575 per Equity Share.
More About MTAR Technologies:
ISRO, NPCIL, DRDO, Bloom Energy, RAFAEL, and Elbit are some of their big clients. MTR Technologies IPO will be open for 3 days until March 5. This IPO will be the 9th public offering since the beginning of 2021. IRFC IPO, Indigo Paints IPO, Home First Finance Company IPO, Stove Kraft IPO, Brookfield IPO, Railtel IPO, Nureca IPO, and Heranba Industries IPO.
MTAR IPO Details:
IPO of MTAR Technologies will be a combination of a fresh issue of 21,48,149 equity shares and an offer for sale of 82,24,270 equity shares by promoters and investors.
| Category | Charge |
|---|---|
| IPO Opening Date | Mar 3, 2021 |
| IPO Closing Date | Mar 5, 2021 |
| IPO Issue Type | Book Built Issue IPO |
| Face Value | ₹ 10/equity share |
| MTAR Share Price | ₹ 574 to ₹ 575/equity share |
| Market Lot | 26 Shares |
| Min Order Quantity | 26 Shares |
| Listing At | BSE, NSE |
| Issue Size | 10,372,419 Eq Shares of ₹ 10, (aggregating up to ₹ 596.41 Cr) |
| Fresh Issue | 2,148,149 Eq Shares of ₹ 10 (aggregating up to ₹ 123.52 Cr) |
| Offer for Sale | 8,224,270 Eq Shares of ₹ 10 (aggregating up to ₹ 472.90 Cr) |
The MTR Technologies IPO date is March 3, 2021. MTAR’s IPO closing date is March 5, 2021. MTAR IPO market lot size is 26 shares. a retail-individual investor can apply for up to 13 lots i.e. (338 shares or ₹1,94,350).
MTAR Technologies IPO Lot Size
The MTAR Technologies IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹194,350).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 26 | ₹ 14,950 |
| Maximum | 13 | 338 | ₹ 1,94,350 |
How to Apply for MTAR IPO?
You can apply for an IPO Online using either UPI or ASBA as a payment method. UPI IPO Application is offered by brokers who don’t offer banking services.
MTAR Promoters Who will Sell their Shares:
- Parvat Srinivas Reddy (3 lakh shares)
- P.Leelavathi (4,50,000 equity shares)
- K.Shalini (2.25 lakh shares)
- D.Anitha Reddy (1.25 lakh shares)
- C.Usha Reddy (2 lakh shares)
- G.Kavitha Reddy(3 lakh shares)
- Anushman Reddy,
- P.Kalpana Reddy (3 lakh shares)
- Saranya Loka Reddy (3 lakh shares)
- A.Manogna (3 lakh shares) and
- M. Madhavi.
Among investors, Fabmohur Advisors LLP and P Simhadri Reddy will also sell 57,84,300 equity shares and 90,000 shares, respectively, through the offer-for-sale route.
MTAR Technologies IPO Main Objects:
The offer will be a combination of a fresh issue of 21,48,149 equity shares and an offer for sale of 82,24,270 equity shares by promoters and investors. The Company will not receive any proceeds from the Offer for Sale.
The Company proposes to utilize the Net Proceeds from the Fresh Issue and the proceeds of the Pre-IPO Placement for the following objectives:
- Repayment/prepayment in full or in part, of borrowings availed by the Company
- Funding working capital requirements;
MTAR Company Contact Information
MTAR Technologies Limited:
Address: 18, Technocrats Industrial Estate
Balanagar, Hyderabad 500 037
Phone No.: +91 40 4455 3333
Email ID: shubham.bagadia@mtar.in
Website: https://mtar.in/