MTAR Technologies is set to launch an IPO on March 03, 2021 (Live on Groww!). The IPO will be open for subscription until March 05,2021. Here’s a short blog on how to apply for MTAR Technologies IPO online. Read on!
Step 1: Visit Groww IPO Page. if you are using Groww app, then go to the stocks tab and scroll down to see the list of live IPOs. Select MTAR IPO.
Step 2: As you click on MTAR IPO you will be able to view important details such as issue size, price etc on the IPO Card. You can also read the Red Herring Prospectus for detailed information about the objects of the offer, promoters etc. Click on ‘Apply’ to proceed.
Step 3: In the order card, you will be able to see the pre-filled field for the minimum number of shares, which is 26 shares in this case. Enter the number of shares you want to buy, however, please note, the number of shares you can buy will be in multiples of 26 only. You can also place up to 3 bids at the price range (Rs.574 to Rs.575) or place all the bids at the cut off price (Rs.575). Click on ‘Continue’ to proceed.
Step 4: Enter UPI ID, verify bids and click on ‘Submit Bid‘.
Also Read: List of UPI Apps for IPOs Supported on Groww
Step 5: A request will be sent to your UPI app. Approve the mandate to confirm the order. Upon confirming, the highest bid amount will be blocked in your account and cannot be used for withdrawal. This amount will get unblocked in case you do not receive an allotment.
And you are done!
You can check the status of your IPO application on the sidebar. Any modifications or order cancellation can be done only till the time the IPO is open.
Also Read: How To Find IPO Mandate on Gpay and Phonepe