MTAR Technologies IPO Live Subscription Status and Analyst Reviews

Live subscription status across each investor category and analyst recommendations
MTAR Technologies IPO Subscription

MTAR Technologies IPO Subscription Status: FINAL

Investor CategoryQuotaSubscription
Institutional (QIB)50%164.99x
Non-Insti. (HNI)15%650.79x
Retail (RII)35%28.40x
Total Subscription100%200.79x
Updated at 5:00 PM | 05/03/2021

MTAR Technologies, incorporated in 1999, is a leading precision engineering solutions company engaged in the manufacture of mission-critical precision components to serve projects of high national importance, through precision machining, assembly, testing, quality control, and specialized fabrication competencies.

MTAR Technologies IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x0.96x164.99x
HNI1.02x8.04x650.79x
Retail6.93x16.54x28.40x
Total3.68x10.26x200.79x

MTAR Technologies IPO Subscription: Analyst Recommendations

HEM Securities – SUBSRIBE

The company’s financial performance looks strong with a healthy balance sheet position. It has a wide product portfolio along with a marquee customer base and robust order book which gives strong revenue visibility going forward.

GEOJIT Financial – SUBSRIBE

With no listed peers, positive sentiment in space and defence sectors due to Make in India and Atmanirbhar Bharat and limited competition for the products they manufacture, we assign a Subscribe rating, with a long term view.

CHOICE BROKING – SUBSRIBE [REPORT]

LKP SECURITIES – SUBSRIBE [REPORT]

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MTAR Technologies IPO Subscription: Key IPO Details

TypeValue
Issue Size₹596.41 Cr
Issue Open03/03/2021
Issue Close05/03/2021
Face Value₹10/- per Equity Share
IPO Price₹574 – ₹575
Lot Size26 shares
LotsMin 1 – Max 13

Financials

201820192020 Mar2020 Dec
Revenue from Ops159. 60 Cr183.67 Cr213.77 Cr177.27 Cr
Profit before Tax17.15 Cr41.55 Cr45.53 Cr39.60 Cr
Profit after Tax5.42 Cr39.12 Cr31.32 Cr28.07 Cr
EPS (Basic)1.9213.8911.1110.49
As of March 2020EPSP/E (Floor)P/E (Cap)
Based on basic EPS11.1151.6751.76

MTAR Technologies IPO: Comparison with industry peers

As per the RHP, none of the listed companies in India is engaged in a portfolio of business similar to MTAR technologies.

MTAR Technologies IPO Subscription – FAQs

1. How to apply for MTAR Technologies IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for MTAR Technologies IPO in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP and DRHP

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