MTAR IPO Subscription Status

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Last updated on May 9th, 2021 at 10:07 am

MTAR Technologies IPO opens today on 3rd March 2021 with a price band of Rs 574-Rs 575. The IPO closes on 5th March 2021. The company develops and manufactures high-precision components and equipment in the clean energy, nuclear, and space, and defense sectors in India and abroad.

The company proposes to utilize the net proceeds from the fresh issue towards repayments of borrowings by the company, funding working capital requirements, and for general corporate purposes.

Pre offer equity shares as of the date of RHP were 28,611, 442 equity shares, and equity shares outstanding after the offer would be 30,759, 591. MTAR IPO Subscription Status


  • Wide product portfolio.
  • It has established trusted and long-standing relationships with its customers.
  • Decent financial performance


  • Client concentration risk
  • IPO valuations seem to be stretched at a higher side.
  • Budgeted defense expenditure may witness constraints in FY21 largely due to COVID- 19 pandemic.
  • Though profits are reasonable they have been quite inconsistent as can be seen from the trend in the margins.

The GMP of the IPO is trading at a 43% premium over its offer price as per the data available.

Subscription Details

MTAR IPO Subscription Status [in no. of times (x)]


Category Shares Offered 3rd Mar 2021  4th Mar 2021 5th Mar 2021
QIB 20,74,484 0.00 0.96 103.82
NII 15,55,863 1.02 8.04 453.04
Retail 36,30,747 6.93 16.55 25.58
Total 72,60,694 3.68 10.27 139.53


Important Dates of MTAR IPO Allotment and Listing 


Basis of Allotment Mar 10, 2021
Refunds Mar 12, 2021
Credit to Demat Account Mar 15, 2021
Listing Date Mar 16, 2021


CA Priyanka Choudhary Jain


Disclaimer: The above content is for general info purpose only and does not constitute professional advice. The author/ website will not be liable for any inaccurate / incomplete information and any reliance you place on the content is strictly at your risk.

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