MTAR Technologies Private Limited. is an engineering industry which claims to provide products and services for national prosperity. The engineering company is not only an outlet for manufacturing but it also engages in assembling and testing of machines. MTAR has grown as a name because of its association with country’s space program and nuclear power program.
MTAR Technologies equity shares will be going live on BSE and NSE.
Moreover for subscribing to MTAR IPO, you must have kept two specific dates in mind. These are march 3 for opening and march 5 for closing.
Subscriprion leads to bidding for 26 shares or multiples of 26. However, it stops at 13 (max) for retail investors. The price band has been fixed at Rupees 574 to 575. (Furthermore IPO means Initial Public Offering. That is, when a private company that is listed on exchange tries to go public. Going public means sale of shares to public.)
For QIB it is fixed at 50%, for NII at 15% and for retail investors it lies at 35%.
About other details:
1) Basis of allotment will be out by tomorrow (March 10). To check subscription status visit https://ris.kfintech.com/ipostatus/ipos.aspx KFintech Private Limited is the registrar to IPO. Without a doubt, It is there to process applications and let people have track of allotment.
2) Also, Refunds will be initialized by March 12, Friday
3) In addition to that, Shares will be credited into Demat accounts by March 15.
MTAR tech takes pride in its engineering legacy and continues to serve sectors like defense and clean energy. MTAR offers its services to companies like ISRO.