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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 ...

Hyderabad company MTAR Tech’s IPO subscribed 201 times Top Searches Hyderabad company MTAR Tech’s IPO subscribed 201 times TNN / Updated: Mar 6, 2021, 05:21 IST FacebookTwitterLinkedinEMail MUMBAI: The Rs 600-crore IPO for MTAR Technologies, a Hyderabad-based precision engineering solutions company, which closed on Friday, was subscribed 201 times, making it the fifth most subscribed offer since 2000. The company collected in the IPO about Rs 84,000 crore against shares worth Rs 417 crore that was on offer during the bidding process, official data showed. The institutional part in the IP...

NEW DELHI: The MTAR Technologies IPO, which received a solid 200 times subscription in its just concluded IPO, is set to deliver a whopping 1,400 per cent, or 15 times, gains to former Blackstone Senior MD, Mathew Cyriac, who through his entities Fabmohur Advisors and Solidus Advisors had bought one-third of the company in 2017. If one were to go by prevailing premium that the grey market is offering on the unlisted shares today, Cyriac's remaining post-IPO shares in the company would be enjoying a 2,744 per cent return on listing! Fabmohur Advisors LLP along with Solidus Advisors held 88,60,...