MTAR Technologies IPO date: MTAR Technologies Issue of up to 10,372,419 Equity Shares. (Fresh Issue of upto 2,148,149 Equity shares and Offer for sale of upto 8,224,270 Equity shares).  MTAR Technologies Issue size is Rs 595.38 cr – 596.41 cr. Face value is Rs 10 for MTAR Technologies and the price band is Rs 574 – 575. The Bid Lot is of 26 Shares and in multiple thereof. Post Issue the implied market cap would be Rs 1766 cr – 1769 cr, Book Running lead managers are JM Financial, IIFL Securities. The Registrar is KFin Technologies. MTAR Technologies IPO Issue opens today and closes on Friday, 5 th Mar’2021.
 
MTAR Technologies was incorporated on November 11, 1999. The company is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through their precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured.
 

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MTAR Technologies primarily serve customers in the nuclear, space and defence, and clean energy sectors. Since inception, they have strived to grow continually, contributing to the Indian civilian nuclear power programme, Indian space programme, Indian defence and aerospace sector, global defence and aerospace sector, as well as to the global clean energy sector.
 
MTAR Technologies lays special emphasis on research and development (“R&D”) of their manufacturing processes as it allows them to evolve their own process technologies thereby enabling them to achieve design specifications with accuracy irrespective of the size of the products.
 
In addition, MTAR Technologies also focus on clean energy as one of their key customer sectors and are accordingly, involved in the manufacture of power units, specifically hot boxes, and in the development and manufacture of hydrogen boxes and electrolyzers, to serve Bloom Energy Inc., United States (“Bloom Energy”) with which, they have been associated with, for over 9 years.
 
The aggregate Order Book of MTAR Technologies as on Dec 31, 2020 was Rs 336 cr, comprising Order Book in the clean energy sector of Rs 80 cr, the nuclear sector of Rs 93 cr and the space and defence sectors of Rs 160 cr respectively.