MTAR Tech: Former Blackstone India head makes multifold gains in MTAR Technologies
Mathew Cyriac would receive over Rs 335 crore in the offer for sale. His firms will continue to own over 10% of the company post the IPO.
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Mathew Cyriac would receive over Rs 335 crore in the offer for sale. His firms will continue to own over 10% of the company post the IPO.
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MTAR Technologies on Wednesday received bids for 2.67 crore shares (3.68 times) against the offered 72.60 lakh shares, as per data available on the bourses. The portion reserved for retail investors
MTAR IPO includes fresh issue of shares worth Rs 124 crore and offer for sale of Rs 473 crore worth of shares.
MTAR Technologies has raised ₹178.92 crore from 15 anchor investors. The company has allocated 31.11 lakh shares at ₹575 a share to the anchor investors, who include four FPIs - Nomura Funds Ireland,