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India Business News: NEW DELHI: After garnering a massive response from investors, the initial public offer (IPO) of MTAR Technologies is likely to be up for allotment on .
MTAR Technologies IPO: The reserved portion of qualified institutional investors was subscribed 164.99 times, non-institutional investors segment was subscribed 650.79 times and retail portion, 28.4 times
MTAR GMP Today: The Rs 597-crore initial public offering of MTAR Technologies received an overwhelming support from investors. It was subscribed more than 200 times. According to data available on the exchanges, the IPO received bids for 145.79 crore equity shares against an offer size of 72.6 lakh equity stocks, translating into a subscription of 200.79 times. The portion reserved for retail investors was subscribed 28.4 times, qualified institutional buyers category was subscribed 165 times
NEW DELHI: MTAR Technologies is likely to finalise the basis of share allotment for its recently concluded IPO on Wednesday. The initial public offer (IPO), which attracted a massive 201 times bids last week, has seen its premium surge to Rs 530 apiece in the grey market from Rs 430 a few days ago. This is after the issue received 651 times subscription to its HNI quota, 165 times bids from qualified institutional buyers (QIB category) and 28 times demand from retail investors. The Hyderabad-based precision engineering company manufactures critical and differentiated engineered products for ...
NEW DELHI: The MTAR Technologies IPO, which received a solid 200 times subscription in its just concluded IPO, is set to deliver a whopping 1,400 per cent, or 15 times, gains to former Blackstone Senior MD, Mathew Cyriac, who through his entities Fabmohur Advisors and Solidus Advisors had bought one-third of the company in 2017. If one were to go by prevailing premium that the grey market is offering on the unlisted shares today, Cyriac's remaining post-IPO shares in the company would be enjoying a 2,744 per cent return on listing! Fabmohur Advisors LLP along with Solidus Advisors held 88,60,...