MTAR Technologies IPO – Angel Broking recommends SUBSCRIBE to this public issue; last date 5th March, 2021
MTAR Technologies IPO – MTAR Tech Initial Public Offering (IPO) opened today for subscription. This issue closes on 5 March 2021. Want to know what to do with this public issue? This is what Jyoti Roy, Deputy Vice President (DVP), Equity Strategist at Angel Broking Ltd said
MTAR Technologies IPO – MTAR Tech Initial Public Offering (IPO) opened today for subscription. This issue closes on 5 March 2021. Want to know what to do with this public issue? This is what Jyoti Roy, Deputy Vice President (DVP), Equity Strategist at Angel Broking Ltd said.
“MTAR Technologies is uniquely positioned given that it is one of a kind company catering to marquee clients like ISRO, DRDO, NPCIL, Bloom Energy and Rafael,” Roy said adding that “MTAR is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances and in critical assemblies.”.
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At the higher end of the price band the company is offering the shares at P/E multiple of 49.1xFY20 EPS, he further said.
“We believe that the company is uniquely positioned to benefit from the Government’s focus on the defence sector and make in India initiative. We are positive on the long-term prospects of the Company and recommend "SUBSCRIBE" to the MTAR Technologies IPO for long term as well as for listing gains,” the DVP said.
About MTAR Technologies IPO
- The share is available at a Price Band of Rs 574-Rs 575.
- 10,372,419 Equity Shares on offer. This comprises of a fresh issue of 2,148,149 equity shares and Offer for Sale (OFS) of 8,224,270 equity shares. This includes anchor portion of 31,11,725 equity shares.
- Bid Lot 26 Equity Shares and in multiples thereof
- Minimum Order Quantity is 26 equity shares
- IPO Market Timings 10 am to 5 pm
Meanwhile, Zee Business Managing Editor Anil Singhvi also recommends investment in this IPO for BIG LISTING GAINS. Know the complete investment strategy here - MTAR Technologies IPO Review: Invest for BIG listing gains and long term view, Market Guru Anil Singhvi says - know about valuations, risks.
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