The MTAR Tech IPO is open for subscription between March 3 and 5. the IPO price band is Rs 574-575 and the market lot is 26 shares.
Companies | Type | Bidding Dates | |
SME | Closes 30 Dec | ||
SME | Closes 31 Dec | ||
Regular | - | ||
Regular | - | ||
Regular | - |
The MTAR IPO issue has been subscribed 200.79 times so far on day 3.
The IPO received bids for 145.79 crore shares against the offered size of 72.60 lakh shares.
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The MTAR IPO issue has been subscribed 145.45 times so far on day 3.
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The MTAR IPO issue has been subscribed 10.26 times so far on day 2.
The IPO received bids for 7.45 crore shares against the offered size of 72.60 lakh shares.
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The MTAR IPO issue has been subscribed 6.36 times so far on day 2.
The IPO received bids for 4.61 crore shares against the offered size of 72.60 lakh shares.
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The MTAR IPO issue has been subscribed 3.68 times so far on day 1.
The IPO received bids for 2.67 crore shares against the offered size of 72.60 lakh shares.
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The MTAR IPO issue has been subscribed 2.99 times so far on day 1.
The IPO received bids for 2.17 crore shares against the offered size of 72.60 lakh shares.
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MTAR IPO fully subscribed so far on day 1.
The IPO was subscribed almost 70% within an hour of the IPO going live for subscriptions.
The IPO raised around Rs 180 crores from 15 anchor investors. The company has allocated 31.11 lakh shares at Rs 575 per share. The IPO’s anchor book received bids from 35 anchor investors worth Rs 3,500 crores as against a book size of Rs 180 crores.
The IPO witnessed participation from the following anchor investors:
Domestic Mutual Funds:
Axis Mutual Fund and SBI Mutual Fund ended bagging the highest allocations. Both AMCs have picked up 13.67% allocation for Rs 24.5 crores each across various schemes.
MTAR Technologies Ltd. is a precision engineering solutions company that is into manufacturing precision components and catered to projects of national importance.
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