Read more about MTAR Technologies IPO subscribed over 200 times on final day of bidding on Business Standard. The issue received total bids for 1.46 billion shares as against 7.26 million shares on the offer, according to subscription data available on the exchanges
URL copied
MTAR Technologies IPO opens for subscription
The IPO of MTAR Technologies, a precision engineering solutions company, will open for subscription today. The issue will close on March 5.
The IPO consists of a fresh issuance of up to 21,48,149 equity shares aggregating Rs 124 crore and an offer for sale of up to 82,24,270 equity shares worth up to Rs 473 crore by selling shareholders.
The price band has been fixed at Rs 574- 575 per equity share for the initial share-sale. A retail investor can apply minimum for one lot which comprises 26 shares. Allotment of MTAR Technologies shares will be finalised on March 10 and shares will be credited to demat accounts on March 15.
February 25, 2021
IPO to open on March 3, company secures Rs 100 cr from anchor investors
MTAR Technologies has set a price band of Rs. 574–Rs. 575 per equity share for its initial public offering of equity shares.
The IPO of the Hyderabad-based precision engineering solutions company, engaged in the manufacture and development of mission critical precision components and critical assemblies catering to clean energy, nuclear and space and defence sectors, will open on March 3.
The company and the selling shareholders may, in consultation with the book-running lead managers, undertake a Pre-IPO Placement of 1,851,851 equity shares, aggregating to Rs. 100 crore, with the Axis and SBI mutual funds.
NPCIL Recruitment 2021: Application window opens for executive trainees at npcilcareers co in timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.
Mumbai (Maharashtra) [India], February 18 (ANI): Larsen & Toubro will construct two more units of Kudankulam nuclear power plant which is India's first light water reactor of six units with a generation capacity of 1,000 megawatts electric (MWe).