MTAR Technologies IPO Reviews, Dates, Price Band, Market Lot & Financials

MTAR Technologies IPO dates have been announced and you can apply to IPO from 03 – 05 March 2021. The company was established in 1970 and is among the leading national player in the precision engineering industry. They are ambitioned to serve their projects to national importance through the workforce of 1200 people to achieve great heights in the precision engineering industry and helping the nation. With a total of 8 units in India, they have a history of contributing to the Space Program, Nuclear Power Program, Global Clean Energy Sectors, Indian as well as Global Defence Program. Their clients include Bharat Dynamics, ISRO, HAL, Bloom Energy, RAFAEL, DRDO, etc.

MTAR Technologies IPO Dates & Price Band:

Open Date 03rd March 2021
Close Date 05th March 2021
Total Size of IPO₹596 Cr.
Face Value₹10 
Price Band₹574 to ₹575 Per Share 
Listing onBSE & NSE
Retail Investor’s Portion35%

MTAR Technologies IPO Market Lot:

ApplicationLotSharesCut Off Amount
Minimum (RII)126₹14950
Maximum (HNI)13338₹194350

MTAR Technologies IPO Allotment & Listing Dates:

Allotment Date for MTAR Technologies – 10 March 2021
Refund Date for MTAR Technologies – 12 March 2021
Credit of Shares to Demat Account – 15 March 2021
Listing Date for MTAR Technologies – 16 March 2021

Objectives of Issue:

To finance companies working requirements.
To repay company borrowings.
To meet general corporate issues.

Applying MTAR Technologies IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully.  You have to submit your filled form to the bank or broker.

Financials of MTAR Technologies IPO:

YearRevenueExpenseNet Income
20181611435.4
201918614639.2
202021817331.3

Our Teams Perspective:

Overall valuation and financials of the company are looking attractive. It would be a good play for the long term.
NOTE: Consult your financial advisor before applying for IPO.

MTAR Technologies FAQs:

When will MTAR Technologies IPO open for Investors?

MTAR Technologies IPO will open on the  03rd March 2021 and will close on the  05th March 2021.

What is MTAR Technologies IPO Retail Portion?

The portion allocated for retail investors in MTAR Technologies IPO is 35%.

What is MTAR Technologies IPO Lot Size?

Lot Size for MTAR Technologies IPO is ₹596 Crore.

What is the cutoff price for MTAR Technologies IPO?

The cutoff price for MTAR Technologies IPO is ₹575.

What is the MTAR Technologies IPO Price band?

MTAR Technologies IPO Price band is ₹574 to ₹575.

How to apply for MTAR Technologies IPO?

You can apply MTAR Technologies IPO in 3 ways:
1. Open a Demat account through a bank or brokerage firm and apply through it.
2. Apply via the ASBA application online through your bank.
3. Fill up the offline IPO form and submit it to the bank or broker.

What is the allotment date for MTAR Technologies IPO?

  10 March 2021 is the allotment date for MTAR Technologies IPO.

What is the listing date for MTAR Technologies IPO?

 16 March 2021 is the listing date for MTAR Technologies IPO. It will be listed on NSE and BSE.

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