Tuesday, April 13, 2021

MTAR Technologies IPO Details

MTAR Technologies IPOMTAR Technologies IPO description – MTAR Technologies is engaged in the manufacture of precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance. The company primarily serves customers in the nuclear, space and defence, and clean energy sectors. Since inception, the company has contributed to the Indian civilian nuclear power programme, Indian space programme, Indian defence and aerospace sector, global defence and aerospace sector, as well as to the global clean energy sector.

Clean energy is another key area for the company and it makes power units, specifically hot boxes, and hydrogen boxes, and electrolyzers for global customers including Bloom Energy. Clean energy accounted for 64.34% of its revenues in FY2020.

The company manufactures and supplies specialized products such as fuel machining head, drive mechanisms, bridge and column and coolant channel assemblies, among others, not just for the new pressurised heavy water nuclear reactors, but also for refurbishment of the existing reactors. During FY2020, 14.27% of its revenue from operations came from Nuclear sector. MTAR Technologies operates through seven manufacturing facilities, including an export-oriented unit (EOU) in Hyderabad, Telangana.

Promoters of MTAR Technologies – 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 IPO details
Subscription Dates 3 – 5 March 2021
Price Band INR574 – 575 per share
Fresh issue 2,148,149 shares (INR123.30 – 123.52 crore) 
Offer For Sale 8,224,270 shares (INR472.07 – 472.89 crore)
Total IPO size 10,372,419 shares (INR595.37 – 596.41 crore)
Minimum bid (lot size) 26 shares 
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

MTAR Technologies’ financial performance (in INR crore)

  FY2018 FY2019 FY2020 9M FY2021
Revenue 160.5 185.9 218.1 178.0
Expenses 143.4 145.6 172.6 138.4
Net income 5.4 39.2 31.3 28.1
Net margin (%) 3.4 21.1 14.4 15.8

Registrar of MTAR Technologies IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email: [email protected]
Website: www.kfintech.com

MTAR Technologies Contact Details

MTAR Technologies Limited
18, Technocrats Industrial Estate,
Balanagar, Hyderabad 500 037, Telangana 
Phone: +91 40 4455 3333
Email: [email protected]
Website: www.mtar.in

Valuation of MTAR Technologies (as of FY2020)

Earnings Per Share (EPS): INR11.11 
Price/Earnings (PE ratio): 51.66 – 51.75
Return on Net Worth (RONW): 13.91%
Net Asset Value (NAV): INR84.11 per share

MTAR Technologies IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 20,74,484 0.00 0.96 164.99
NII 15,55,863 1.02 8.04 650.79
Retail 36,30,347 6.93 16.54 28.40
         
Total 72,60,694 3.68 10.26 200.79

MTAR Technologies IPO Analyst Reviews

Ajcon Global – Subscribe
BP Wealth –  Subscribe
Choice Broking – Subscribe
Elite Wealth –  Subscribe
GEPL Capital –  Subscribe
Geojit –  Subscribe
Hem Securities –  Subscribe
ICICIdirect –  Subscribe
LKP Securities – Subscribe
Motilal Oswal – Subscribe for long term
SMC Global – 2/5
Ventura Securities – Not Rated

MTAR Technologies IPO Allotment Status

MTAR Technologies IPO allotment status is now available on KFin Technologies’ KPrism mobile app. 

Once available on its websites, click on any of these links to get allotment status 
Allotment Status Link #1
Allotment Status Link #2
Allotment Status Link #3 

Listing Performance of MTAR Technologies

IPO Opening Date: 3 March 2021
IPO Closing Date: 5 March 2021
Finalisation of Basis of Allotment: 10 March 2021
Initiation of refunds: 12 March 2021
Transfer of shares to demat accounts: 15 March 2021
Listing Date: 15 March 2021
Opening Price on NSE: INR1050 per share (up 82.6% from IPO price)
Closing Price on NSE: INR1082.5 per share (up 88.26% from IPO price)

1 COMMENT

  1. Good technology company but valuation high . May be 10% listing gain . Longterm invest is good profitable in this company. So invest this company !!!!!

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