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India Business News: NEW DELHI: MTAR Technologies made a solid market debut on Monday, as the scrip got listed at Rs 1,063.
Read more about Shares of MTAR Technologies gain 87% on stock market debut on Business Standard. At the closing price, MTAR had a market capitalisation of Rs 3,317 crore. The strong listing follows a blockbuster initial public offering (IPO), where demand had exceeded supply by 200 times
MTAR Technologies on Monday made a solid market debut, as the scrip got listed at a 85% premium over its issue price of Rs 575.
Read more about MTAR Technologies IPO ends with robust subscription on Business Standard. The issue received bids for 145.79 crore shares as against 72.60 lakh shares on offer
NEW DELHI: MTAR Technologies is likely to finalise the basis of share allotment for its recently concluded IPO on Wednesday. The initial public offer (IPO), which attracted a massive 201 times bids last week, has seen its premium surge to Rs 530 apiece in the grey market from Rs 430 a few days ago. This is after the issue received 651 times subscription to its HNI quota, 165 times bids from qualified institutional buyers (QIB category) and 28 times demand from retail investors. The Hyderabad-based precision engineering company manufactures critical and differentiated engineered products for ...