MTAR Technologies IPO: Here is how to check share allotment status
Navdeep YadavMar 10, 2021, 10:18 IST
MTAR Technologies
The basis of allotment for the ₹600 crore IPO of MTAR Technologies will be announced today on March 10.
The company provides a wide range of complex product portfolios that meet the Indian nuclear, defence, and space sector s varied requirements.
Here is how to check MTAR Technologies IPO allotment status on the registrar website and stock-exchanges.The basis of allotment for the ₹600 crore initial public offering (IPO) of defence components maker MTAR Technologies will be announced today, on March 10. The issue clocked a robust response from investors as it was subscribed 200.79 times the offer value.
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MTAR Technologies IPO opens for subscription
The IPO of MTAR Technologies, a precision engineering solutions company, will open for subscription today. The issue will close on March 5.
The IPO consists of a fresh issuance of up to 21,48,149 equity shares aggregating Rs 124 crore and an offer for sale of up to 82,24,270 equity shares worth up to Rs 473 crore by selling shareholders.
The price band has been fixed at Rs 574- 575 per equity share for the initial share-sale. A retail investor can apply minimum for one lot which comprises 26 shares. Allotment of MTAR Technologies shares will be finalised on March 10 and shares will be credited to demat accounts on March 15.
The ₹600 crore initial public offering (IPO) of defence components maker MTAR Technologies is off to a great start today.The company is backed by Mathew Cyriac,