Page 4 - Mtar Ipo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

NEW DELHI: MTAR Technologies, a precision engineering company, is set to hit Dalal Street with its IPO on Wednesday. The company manufactures critical and differentiated engineered products in the nuclear, space and defence, and clean energy segments, and owns seven manufacturing facilities in Hyderabad, including an export-oriented unit. MTAR, whose client list includes ISRO, DRDO, Rafael, NPCIL and Bloom Energy, is looking to sell 1.037 crore shares, a mix of fresh issue and an offer for sale, in the price band of Rs 574-575. In this price band, the issue would be available at a P/E of 47.3...