[Live Updates] MTAR Technologies IPO: : Listing Date, Share Price, Issue Date & Review | Subscription Status, GMP & Allotment Status

[Live Updates] MTAR Technologies IPO: Listing Date, Share Price, Issue Date & Review | Subscription Status, GMP & Allotment Status

Short Info: मार्ट टेक्नोलॉजीज आईपीओ सब्सक्रिप्शन स्टेटस, ग्रे मार्केट प्रीमियम, अलॉटमेंट स्टेटस 2021: MTAR Technologies Limited IPO Subscription Status, Grey Market Premium & Allotment Status (NSE & BSE India): Subscription Status of MTAR Technologies IPO, MTAR Technologies GMP & MTAR Technologies IPO Allotment Status | MTAR Technologies IPO Price, Timetable, Listing Date, Share Price, Issue Date, Lot Size & Review at Official Website www.nseindia.com,www1.nseindia.com & www.bseindia.com.

Short Article Details:
Name of Article MTAR Technologies
IPO Subscription Status Active
Article Published On 02/25/2021
Article Updated on  03/17/2021

Table of Content

Table of Contents

मार्ट टेक्नोलॉजीज आईपीओ: MTAR Technologies IPO Subscription Status, GMP, Issue & Listing Date, Share Price News Update

Latest News Update: MTAR Technologies IPO Subscription Status Today
MTAR Technologies Rs 596-crore IPO, which was subscribed 201 times, will make its stock market debut on Monday, March 15, 2021.

  • The price band for share sale was fixed at ₹574- 575 per equity share
  • The share allotment is likely to be finalised on March 10
  • The initial public offer (IPO) of MTAR Technologies, subscribed 10.27 times on Thursday, the second day of bidding.
  • The offer received bids for 74.56 million equity shares against the initial public offerings (IPO) size of 7.26 million equity shares, the subscription data available on exchanges showed.

The IPO is to open on 05 March 21 for QIB, NII, and Retail Investors.This would be the ninth public offer in the current calendar year, after Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft, Brookfield India REIT, Nureca, RailTel Corporation of India and Heranba Industries.

MTAR Technologies IPO Subscription Status Live:

The initial public offering (IPO) of MTAR Technologies opened for subscription on Wednesday, March 3, 2021, and was met with robust demand. The issue subscribed 3.68 times by the end of the first day of bidding. So far, the issue was subscribed 5.88 times as of 12:10 pm on Thursday, March 4, 2021.

MTAR Technologies IPO subscribed 200.79 times. The public issue subscribed 28.40 times in the retail category, 164.99 times in QIB, and 650.79 times in the NII category by Mar 5, 2021 05:00.

Category Subscription Status
Qualified Institutional 164.99 Times
Non Institutional 650.79 Times
Retail Individual 28.40 Times
Employee [.] Times
Others [.] Times
Total 200.79 Times

MTAR Technologies Limited IPO Subscription Status 2021: Grey Market Premium & Allotment Status

Summary: Hyderabad-based MTAR Technologies, a leading player in the precision-engineering industry, will launch its initial public offering (IPO) for subscription on March 3. The issue of 1,03,72,419 equity shares will close for subscription on March 5, while the anchor book, if any, will open for a day on March 2.

The initial public offering comprises a fresh issue of 21,48,149 equity shares by the company and an offer for sale of 82,24,270 equity shares by promoters and investors.

The IPO page of MTAR Technologies captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date’s Open Price, High Price, Low Price, Close price and Volume. It also captures the Holding Period Returns and Annual Returns.

MTAR Technologies 2021 – Overview
Name of Article MTAR Technologies IPO 
in Language मार्ट टेक्नोलॉजीज 
IPO Date Mar 3, 2021 to Mar 5, 2021
Issue Type Book Built Issue IPO
Issue Size 10,372,419 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Fresh Issue 2,148,149 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale 8,224,270 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value ₹10 per equity share
IPO Price [.] to [.] per equity share
Market Lot
Min Order Quantity
Listing At BSE, NSE
Important Dates: MTAR Technologies Schedule
Event Dates
Bid/Offer Launch date Mar 3, 2021
Bid/Offer Last date Mar 5, 2021
Basis of Allotment finalization date Mar 10, 2021
Initiation of Refunds Mar 12, 2021
Credit of Shares to Demat Acct Mar 15, 2021
IPO Shares Listing Date Mar 16, 2021

MTAR Technologies IPO Subscription Details (Day by Day)

MTAR Technologies’ initial public offering (IPO) will open for subscription on March 3, 2021. The Hyderabad-based precision engineering solutions company aims to raise up to Rs 600 from the IPO, which closes on March 5. The price band for the IPO is Rs 574-575 per share, as per report.

MTAR Technologies IPO subscribed 200.79 times. MTAR Technologies IPO received bids for 28.40 times issue size in retail, 164.99 times issue size in QIB, and 650.79 times issue size in the Non-institutional category by Mar 5, 2021 05:00.

Date QIB NII Retail Total
Mar 3, 2021 05:00 0.00x 1.02x 6.93x 3.68x
Mar 4, 2021 05:00 0.96x 8.04x 16.55x 10.27x
Mar 5, 2021 05:00 164.99x 650.79x 28.40x 200.79x

MTAR Technologies IPO Subscription Status (Day 2 – Till 5)

Category Day 1 Day 2 Day 3
QIB 0.00x 0.96x 164.99x
NII 1.02x 8.04x 650.79x
RII 6.93x 16.55x 28.40x
Total 3.68x 10.27x 200.79x

MTAR Technologies IPO GMP – IPO Grey Market Premium Today

MTAR Technologies will be available for subscription till Friday, March 5, 2021, and the price band of the Hyderabad-based precision engineering solutions company has been fixed at Rs 574-575 per share. The public issue is expected to fetch up to Rs 597 crore.

The grey market premium (GMP) of MTAR Technologies, whose IPO got fully subscribed on Wednesday itself, saw a rise, thanks to strong secondary market trend.

MTAR Technologies IPO GMP Rates day by day with Kotak rates.

  • Grey market premium as on today is ₹460-470, Kostak ₹500 & Subject to Sauda is ₹8000
  • Grey market premium as on 03-03-2021 is ₹430-440, Kostak ₹600 & Subject to Sauda is ₹8500
  • Grey market premium as on 02-03-2021 is ₹400-410, Kostak ₹500 & Subject to Sauda is ₹8000
  • Grey market premium as on 01-03-2021 is ₹340-350, Kostak ₹500 & Subject to Sauda is ₹N/A
  • Grey market premium as on 28-02-2021 is ₹170-180, Kostak ₹250 & Subject to Sauda is ₹N/A
  • Grey market premium as on 27-02-2021 is ₹170-180, Kostak ₹250 & Subject to Sauda is ₹N/A
  • Grey market premium as on 26-02-2021 is ₹170-180, Kostak ₹250 & Subject to Sauda is ₹N/A
  • Grey market premium as on 25-02-2021 is ₹120-130, Kostak ₹250 & Subject to Sauda is ₹N/A
  • Grey market premium as on 24-02-2021 is ₹100-110, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 23-02-2021 is ₹100-110, Kostak ₹N/A & Subject to Sauda is ₹N/A

MTAR Technologies IPO Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
04 Mar 2021 ₹430-450 ₹550-600 ₹8000-8500
02 Mar 2021 ₹370-375 ₹520-550 ₹8000-8500
26 Feb 2021 ₹170-180 ₹250-275 N/A
25 Feb 2021 ₹120-130 N/A N/A

MTAR Technologies IPO GMP Rates day by day with Kotak rates.

  • Grey market premium as on today is ₹100-110, Kostak ₹N/A & Subject to Sauda is ₹N/A
  • Grey market premium as on 23-02-2021 is ₹100-110, Kostak ₹N/A & Subject to Sauda is ₹N/A

MTAR Technologies IPO Date & Price Band:

 IPO Open:  03 March 2021
 IPO Close:  05 March 2021
 IPO Size:  Approx ₹660 Crore
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹580 to ₹585 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  35%
 Equity:  12,224,270 Shares

MTAR Technologies IPO Market Lot:

Minimum Lot Size:  Minimum 25 Shares
 Minimum Amount:  ₹14625
 Maximum Lot Size:  Maximum 325 Shares
 Maximum Amount:  ₹190125

MTAR Technologies IPO Shares Offered

The offer includes sales by promoters – 4,50,000 equity shares by P Leelavathi, 3 lakh shares by Parvat Srinivas Reddy, 1,49,970 shares by P Kalpana Reddy, 3 lakh shares by Saranya Loka Reddy, 2 lakh shares by C Usha Reddy, 3 lakh shares by G Kavitha Reddy, 1.25 lakh shares by D Anitha Reddy, 2.25 lakh shares by K Shalini and 3 lakh shares by A Manogna.

Investors Fabmohur Advisors LLP and P Simhadri Reddy will sell 57,84,300 equity shares and 90,000 shares through the offer.

MTAR Technologies IPO is a public issue of 7,260,694 equity shares. The issue offers 3,630,347 shares to retail individual investors, 2,074,484 shares to qualified institutional buyers, 1,555,863 share to non-institutional investors.

MTAR Technologies IPO is a public issue of 7,260,694 equity shares. The issue offers 3,630,347 shares to retail individual investors, 2,074,484 shares to qualified institutional buyers, 1,555,863 share to non-institutional investors.

Category Shares Offered
QIB 2,074,484
NII 1,555,863
Retail 3,630,347
Total 7,260,694

MTAR Technologies Allotment & Listing:

Basis of Allotment:  10 March 2021
 Refunds:  12 March 2021
 Credit to Demat Account:  15 March 2021
 Listing Date:  16 March 2021

How to Subscribe for MTAR Technologies IPO?

The public issue of 10.37 million shares comprises a fresh issue of up to 2.15 million shares by the company and an offer for sale of up to 8.22 million equity shares by promoters and an investor.

You can apply in Brookfield India REIT IPO IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

How to invest in MTAR Technologies using Zerodha app

  • Login to Zerodha Kite console.
  • Go to IPO section in Portfolio
  • Choose the IPO you want to apply for from the list.
  • Enter the UPI ID, bid details like price and quantity.
  • Now hit submit.

How to invest in MTAR Technologies using ICICI Direct app

  • Login to ICICIdirect.com.
  • Go to the IPO section in Trade & Invest.
  • Fill the bid details like price and quantity.
  • And hit submit once confirm the details.

How to invest in MTAR Technologies using Angel Broking app

  • Log in to Angel Broking apps
  • Hit on ‘More’ on the top menu.
  • Click on ‘IPO’ from the dropdown.
  • Select the MTAR Technologies and click the ‘Apply’ button.
  • Enter UPI ID, investor type, order quantity and price.
  • Click ‘Apply’ to place the IPO order

How to apply MTAR Technologies IPO on 5paisa app?

  • Login to your 5paisa Mobile Trading App and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

How to apply for the MTAR Technologies IPO?

Step 1- You can submit your online application and make the payment through any supported UPI application via brokerages.

Step 2- To be able to create a UPI ID, you need to download the BHIM app, or any other UPI enabled bank application, where you own an account.

Step 3- While filing for the IPO make sure you mention the correct UPI ID.

Step 4- And after filling the application, the subscriber can submit the same to its financial advisor or brokerage.

Step 5- A request for blocking funds will be sent to the subscriber on the UPI mobile application. The subscriber would need to enter the UPI PIN to approve the block mandate.

Step 6- The funds will get blocked in the subscriber’s bank account, and once the allotment is done, the money will be debited from the blocked sum.

How to apply for the MTAR Technologies IPO Online via Groww?

You can invest in MTAR Technologies IPO on Groww, via your UPI ID. Here’s how:

Step 1- Applicant needs to login to your Groww account on web and then go to https://groww.in/ipo.

Step 2- You will be able to see a list of open, upcoming and recently closed IPOs.

Step 3- Select MTAR Technologies IPO from the list of open IPOs If you are using the Groww app, then click on the stocks tab and scroll down to see the list of open IPOs.

Step 4- As you click on MTAR Technologies IPO you will be able to view important details such as issue size, price etc on the IPO Card.

Step 5- You can also read the Red Herring Prospects for detailed information about the objects of the offer, promoters etc.

Step 6- Once you have read all the important information, click on ‘Apply’.

Step 7- Next, enter the bid price and quantity. You can either enter the price manually or place the bids at cut off price.

Step 8- The quantity will be in multiples of the lot size only which is 10 shares in the case of MTAR Technologies. You can place upto 3 bids.

Step 9- Click on ‘Continue’ to proceed, once you have placed the bids.

Step 10- Enter UPI ID, verify bids and click on ‘Submit Bid‘.

Step 11- A request will be sent to your UPI app .

Step 12- Approve the mandate to confirm the order. Upon confirming, the highest bid amount will be blocked in your account and cannot be used for withdrawal.

Step 13- This amount will get unblocked in case you do not receive an allotment.

And that’s it! Your IPO application is complete! You can check the status of your IPO application on the sidebar. Any modifications or order cancellation can be done only till the time the IPO is open.

MTAR Technologies IPO Allotment Status Online

MTAR Technologies Allotment Status Online: Link Intime IPO Date and Time
MTAR Technologies allotment status is not available at this time. IPO share allotment process takes 6 working days from the issue closing date. Please revisit us to check the latest updates for MTAR Technologies IPO allotment status.

How to check MTAR Technologies IPO Allotment status?

Here’s how to check MTAR Technologies IPO Karvy, Linkintime, KFintech, BSEIndia & NSEIndia allotment status: If you have bid for the Indian Railway Finance Corporation IPO, you can check your allotment status by following these simple steps:

To check on the stock-exchange website:

Procedure to check MTAR Technologies BSEIndia allotment status Online?

  • To check the MTAR Technologies IPO allotment status, go to the BSE website.
  • Select ‘Equity’ and then from the dropdown, select ‘MTAR Technologies’. Please note that the company will only appear once the allotment is done.
  • Now, enter your application number and PAN.
  • Click on ‘Search’.

Procedure to check MTAR Technologies NSEIndia Allotment status Online?

  • Investors can also check the status of the allotment on the BSE website NSE website.
  • Investors will have to select ‘equity’, and then the issue name as ‘MTAR Technologies’ from the drop-down list, when it gets declared.
  • After that enter application number and PAN (permanent account number).
  • In the last step, click on the search tab to view the status details.

How to Check MTAR Technologies allotment status at  ipo.alankit.com?

MTAR Technologies IPO: Here’s how to check your allotment status

how do you check how many shares you have been allotted? The procedure is simple, as mentioned below:

  • You can check the status of your bid here: ipo.alankit.com.
  • Choose MTAR Technologies as the name of the company from the drop-down menu and enter the application number or demat account number or PAN to check if you have got any allotment.
  • It is to be noted that the MTAR Technologies name will only be available in the drop-down menu after the allotment basis has been finalised.

How to check MTAR Technologies Linkintime allotment status?

You can also visit the Registrar website (Linkintime) to check your application status.

  • Visit the registrar’s website here.
  • Click on ‘Select company’ and click on MTAR Technologies Tech IPO. It will only appear post allotment on September 14.
  • Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.
  • Enter the captcha and click ‘submit’.

The application status will appear on the screen once you click ‘submit’ and if the details that you provided were correct. It will show the number of shares that you subscribed to and the number of shares that have been allotted to you.

How to check MTAR Technologies share allotment status via KFintech Private Ltd website

KFin Technologies Pvt Ltd is the registrar to the issue, which is a SEBI-registered entity responsible for the IPO allotment and refund processing. The website has three links from where investors can view their allotment status.

  • Investors can check the allotment status on KFin Technologies website under ‘IPO Status’ section (https://ris.kfintech.com/ipostatus/) when it gets declared.
  • After that select the IPO and enter either your application number or DPID/Client ID or PAN.
  • In case of the application number box, select application type and enter the application number.
  • If the DPID/Client ID box is chosen, select the depository from the drop-down menu, enter DPIP, Client ID.
  • If the PAN option box was chosen, enter the permanent account number. In the last step, enter the given captcha and click submit.

KFintech IPO Allotment Status Link 1

KFintech IPO Allotment Status Link 2

KFintech IPO Allotment Status Link 3

MTAR Technologies IPO Date, Price, GMP, Review, Analysis & Details (NSE & BSE India) 2021

ABOUT IPO Date, Price, GMP, Review, Analysis & Details
MTAR Technologies IPO Subscription Status, Grey Market Premium & Allotment Status: MTAR Technologies IPO Date, Price, GMP, Review, Analysis & Details (NSE & BSE India) 2021 – 

MTAR Technologies, a precision engineering solutions company, will launch an initial public offering (IPO) on March 3. The IPO will be open for subscription for three days until March 5. The shares are likely to be listed on the BSE and NSE. The initial public offering will comprise 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 and selling shareholders in consultation with merchant bankers will decide the price band and the minimum bid lot this week.

MTAR Technologies had, in consultation with the book running lead managers, undertaken a pre-IPO placement of 18,51,851 equity shares, aggregating to Rs 100 crore. Consequently, the size of the planned fresh issue of up to 40,00,000 equity shares has now been reduced by 18,51,851 equity shares to 21,48,149 shares.

The company primarily serves customers in the clean energy, nuclear, space and defence sectors. Its clients include ISRO, Rafael, DRDO and NPCIL.

MTAR Technologies IPO Registrar

KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India – 500 032.

Phone: 1-800-3454001
Email: [email protected]
Website: https://karisma.kfintech.com/

Company Promoters:

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 are the company promoters.

Company Financials:

The company has reported net profit of Rs 31.32 crore for the financial year ended March 31, 2020. The total revenue of the company stood at Rs 218.14 crore, while total assets were at Rs 305.16 crore in FY20.

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 3,819.14 3,462.71 3,051.58 2,810.32
Total Revenue 1,779.91 2,181.42 1,859.10 1,605.45
Profit After Tax 280.69 313.18 391.99 54.23

Objects of the Issue:

MTAR Technologies IPO Objects of the Issue
  • To partly or fully repay company’s borrowings.
  • To finance company’s working capital requirements.
  • To meet general corporate purposes.

Key Things Before Investing in MTAR Technologies

Important Point about MTAR Technologies
  • Wide range of product portfolio.
  • 7 Modern technology manufacturing units.
  • Diversified supplier base.
  • Strong financial track record.
  • Experienced and qualified management.

MTAR Technologies IPO Subscription FAQs:

When MTAR Technologies IPO Subscription will start?

The IPO subscription starts on Mar 3, 2021 for QIB, NII, and Retail Investors.

How do I apply for the MTAR Technologies IPO?

You can apply for the MTAR Technologies using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

How to subscribe MTAR Technologies?

You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

When MTAR Technologies will be listed?

  1. The MTAR Technologies IPO listing date is not yet announced. The tentative date of MTAR Technologies IPO listing is Mar 16, 2021.

When MTAR Technologies date?

MTAR Technologies Timetable
IPO Open Date Mar 3, 2021
IPO Close Date Mar 5, 2021
Basis of Allotment Date Mar 10, 2021
Initiation of Refunds Mar 12, 2021
Credit of Shares to Demat Account Mar 15, 2021
IPO Listing Date Mar 16, 2021

How to check MTAR Technologies allotment status?

The MTAR Technologies IPO allotment status is expected on or around Jan 28, 2021. Visit MTAR Technologies IPO allotment status to check.

How do I check MTAR Technologies IPO live subscription?

One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.

How to apply in MTAR Technologies IPO through Zerodha?

Zerodha customers can apply online in MTAR Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in MTAR Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in MTAR Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the ‘IRFC IPO’ row and click the ‘Bid’ button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Why I didn’t get allotment in MTAR Technologies IPO?

The reason you didn’t get the MTAR Technologies IPO could be:

  • IPO become oversubscribed and allotment process is completed through a lottery
  • The IPO application got rejected due to mismatch/incomplete information
  • The issue price is higher than the bid price. (Always apply on cut-off price).

Company Contact Information

COMPANY CONTACT NUMBER & ADDRESS
MTAR Technologies Limited
18, Technocrats Industrial Estate
Balanagar, Hyderabad 500 037Phone: +91 40 4455 3333
Email: [email protected]
Website: https://mtar.in/

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