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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.