Business Standard

MTAR Technologies Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

596.41 cr

Price Range (₹)

575

Lot Size

26

Min Investment (₹)

14,950.00

Listing Exchange

MumbaiNSE

Open Date

03-Mar-2021

Close Date

05-Mar-2021

Listing Date

15-Mar-2021

MTAR Technologies Ltd News

    The Shares of MTAR Technologies Ltd have now been listed.

    MTAR Technologies Ltd IPO Details

    Initial Public Offering of 10,372,419 equity shares of face value of Rs. 10 each (equity shares) of MTAR Technologies Limited (The Company or The Issuer) for cash at a price of Rs. 575 per equity share (including a premium of Rs. 565 per equity share) (Issue Price) aggregating up to Rs. 596 crores. The Offer comprises of a fresh issue of up to 2,148,149 equity shares aggregating to Rs. 123.52 crores (fresh issue) and an offer for sale of up to 8,224,270 equity Shares aggregating to Rs. 472.90 crores, comprising to 450,000 equity shares by P. Leelavathi, 300,000 equity shares by Parvat Srinivas Reddy, up to 149,970 equity shares by P. Kalpana Reddy, up to 300,000 equity shares by Saranya Loka Reddy, up to 200,000 equity shares by C. Usha Reddy, up to 300,000 equity Shares by G. Kavitha Reddy, up to 125,000 equity shares by D. Anitha Reddy, up to 225,000 equity shares by K. Shalini and up to 300,000 equity shares by A. Manogna (collectively the promoter selling shareholders) and up to 5,784,300 equity shares by Fabmohur Advisors LLP and up to 90,000 equity shares By P. Simhadri Reddy (collectively the investor selling shareholders, and together with the promoter selling shareholders, the Selling Shareholders) (The offer for sale, and together with the fresh issue, the offer). The offer will constitute 33.72% of the post-offer paid-up equity Share capital.Offer Price Rs. 575 Per Equity Share of face value of Rs. 10 each.The Issue Price is 57.50 times of the face value.

    Objective of issue

    Repayment / prepayment in full or in part, of borrowings availed by the company. Funding working capital requirements. General corporate purposes.

    MTAR Technologies Ltd Contact Details

    MTAR Technologies Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - shubham.bagadia@mtar.in

    Website - www.mtar.in