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MTAR Technologies IPO GMP price, MTAR Technologies share allotment, MTAR Technologies IPO Share listing date

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

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MTAR IPO GMP: Grey market sees prospects in forthcoming IPO of MTAR Tech


New Delhi: Precision engineering company MTAR Technologies is all set to hit the primary market with an initial public offering aggregating to Rs 596.41 crore. The grey market is looking thrilled about the prospects of the issue, with the premium on its unlisted shares surging rapidly, as the bulls make a comeback on Dalal Street.
The scrip is trading some Rs 430-450 above the initial public offer (IPO) price band of Rs 574-575 in the unofficial market, which translates into a 70-75 per cent premium. The IPO would be available at a P/E of 47.3 times FY21 EPS of Rs 12.20 on an annualised basis.

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