MTAR Technologies IPO
MTAR Technologies to tap into the IPO market with an offer size of 10.37 million equity shares, comprising fresh issues and OFS shares. The issuer will launch shares in the price band of Rs 574-575. The subscription window will open from March 3 until March 5, 2021. The company aims to raise Rs 600 crores from the three days subscription period.
MTAR Technologies IPO
MTAR Technologies Limited IPOIPO Date : 03rd March 2021 - 05th March 2021
₹20/- For Intraday, F&O, Currencies & Commodities
MTAR Technologies INFORMATION
MTAR Technologies is based out in Hyderabad, a leading national player in the precision engineering domain since 1999. The company produces components and equipment for the defence, aerospace, and energy sectors.
It has seven state-of-the-art modern manufacturing facilities in Hyderabad and Telangana.
The company will use the capital received from the issuance of fresh shares to repay Rs 63 crores in debt and Rs 93 crores to meet the next two years' capital requirement.
- A leading player in its domain with a well-diverse product portfolio
- 7 state-of-the-art production units
- Extended supplier base
- Robust financial track record
- Experienced Management
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