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.
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 nuclear, space and defence and clean energy and owns seven manufacturing facilities in Hyderabad, including an export-oriented unit.