MTAR Technologies IPO Review

The year 2021 brings up too many IPO and many among them give investors a golden chance to earn maximum profit. In this article, we will provide the MTAR Technologies IPO Review that helps you in planning your investment accordingly.

So let’s get started!

MTAR Technologies IPO Details

MTAR Technologies is the Hyderabad-based precision engineering company that is going to launch an IPO worth ₹596 Cr on March 03, 2021, with the following objectives:

• Repayment of borrowings by the company
• To meet working capital requirements
• General corporate purposes.

Know about the MTAR Technologies IPO review in the table below: 

 

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MTAR Technologies IPO Date

Jumping to the MTAR Technology IPO timeline, here are important dates to consider while applying for it.

 

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MTAR Technologies IPO Price

Next, in the MTAR Technologies IPO review comes the price details of the IPO. In general, the IPO price includes the issue price and the listing price.

The issue price on one hand is the price at which the company sells its shares, while the listing price is the price at which the IPO is listed in the exchange. The listing price depends upon the demand and supply of shares.

The MTAR Technologies IPO price is approximately ₹596 Cr of which the fresh issue is ₹123 Cr and the Offer for sale of ₹472 Cr.

Apart from this, there is a price band. It is the range defining the lower and upper price of the company that will go public. Here, the MTAR Technologies price band is ₹574-₹575 equity shares. 

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MTAR Technologies IPO GMP

Next comes the MTAR Technologies GMP. The GMP is the premium at which the IPO shares are being traded in the share market. MTAR Technologies GMP is ₹250-₹550.

* It fluctuates until the stock gets listed depending upon the supply and demand of the share in the market.

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How to Apply for MTAR Technologies IPO?

In the world of technology, you can apply for IPO online using the ASBA method. To apply for any of the IPO you require to submit few important details like:

• Demat Account number
• PAN number
• Bank Account number

Thus, to fill the application, the foremost task is to open a demat account with any of the registered stockbrokers.

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Want to apply for IPO, open a free demat account now. Fill in the basic details in the form below:

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Once you open a demat account, the broker offers you the trading platform, where you can apply for any IPO conveniently. To make it simpler, let’s discuss the steps involved in applying for an IPO.

1. Open a demat account.
2. Download the app (mobile or desktop) provided to you by the broker.
3. Click on IPO
4. Choose the IPO (in case there are multiple IPO in the list) and select the bid quantity.
5. Make a payment using net banking or UPI method.
6. Your application gets submitted and the corresponding amount gets blocked in your account.

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MTAR Technologies Company Details

Last but not the least, MTAR Technologies IPO review is incomplete without the company details including its fundamentals that include its revenue generation, profit, etc.

Starting with the basic, MTAR Technologies is the precision engineering industry engaged in the manufacturing of the critical precision components having a close tolerance of 5-10 microns.

These components are being manufactured to serve different national projects, testing, and quality control.

Incorporated in 1970, the company offers high-class services to its major client base that includes, ISRO, Bloom Energy, DRDO, Rafael, and other companies in the Space Program, Defense, and Global Clean Energy Sector.

Some of the key strengths of the company are:

• The company has complex product manufacturing capability.
• Wide range of product portfolio
• Use of modern technology and start-of-art-manufacturing facilities.
• Diversified supplier base.
• Good financial record
• Qualified management team.

Let’s dig deeper to learn about the financials of the company that helps you in making the investment decision.

 

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Wrapping Up

Still, wondering is MTAR Technologies IPO worth investing in?

Looking into the financial and other strengths of the company, many of the investors might consider investing in the MTAR Technologies IPO.

But it is good to check the risks as well before making a final decision.

Some of the major risks are like the company majorly depends on Bloom Energy and another limited customer to generate revenue.

Thus, a loss in one or more top customers of the company can lead to re reduction in demand thus impacting the business performance.

The company commits or works towards delivering a standard quality product, any failure to meet the defined standard can actually lead to the cancellation of existing and future orders.

Other than this, there is high volatility in the supply of raw material that affects the business and its financial condition adversely.

Thus, one should look for both the advantages and disadvantages before making a final investment plan. This is all in the MTAR Technologies IPO review.

We hope, this article will help you to grab the golden opportunity.

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Get ready to apply for IPO, by opening a demat account for free. Fill the basic details below.

 

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