MTAR Technologies LTD IPO: All You Need To Know About
MTAR Technologies LTD IPO: All You Need To Know About
MTAR Technologies LTD IPO: All You Need To Know About
Offer Breakup
Category Allocation Issue size Issue size
(Shares) (` in crore)
03
Issue closes on:
Friday, March 05, 2021
MARCH
10 Finalization of 12 Refunds/Unblocking
MAR 2021 basis of allotment MAR 2021 ASBA fund
Their offerings are served in the nuclear, space and defence, and clean energy
sectors where they manufacture critical and differentiated engineered products
with a healthy mix of developmental and volume-based production, customized
to meet the specific requirements of their customers.
They are also a key supplier of mission critical components to customers within
the space and defence sectors for their programs of national importance.
Through their long-standing relationships of over three decades and four decades
with customers such as the Indian Space Research Organisation (“ISRO”) and the
Defence Research and Development Organisation (“DRDO”), they have been able
to supply specialized products to the Indian space programme and the Indian
missile programme, respectively.
Source : RHP and DRHP
Strengths
Risks
They depend on a limited Dependence on govt agencies They do not have long-term
number of customers for like NPCIL, ISRO and DRDO supply agreements with
a significant portion which can be impacted by their customers
of revenue policy changes
Their restated profit for the period / year has grown at a CAGR of 140.31%,
from ₹5.42 Cr in Fiscal 2018 to ₹3.13 Cr in Fiscal 2020 and was ₹17.22 Cr
and ₹19.21 Cr for the six months ended September 30, 2019 and for the six
months ended September 30, 2020, respectively.
In the Fiscal ended 2020, and in the six months ended September 30, 2020,
they reported EBITDA of ₹62.33 Cr and ₹36.09 Cr, respectively.
Their aggregate Order Book as on November 30, 2020 was ₹356.50 Cr,
comprising Order Book in the nuclear, space and defence, and clean energy
sectors of ₹93.88 Cr, ₹172.95 Cr and ₹8.69 Cr, respectively.
Source : RHP
The Company does not have any listed industry peers in India.
Source - RHP
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Based on this financial year’s IPO data, it can be conveniently said that the
country represents a huge appetite for Initial Public Offers (or IPOs). In the
period April 2020 to February 2021, the country’s stock exchanges (both
NSE and BSE combined) witnessed 24 IPOs and raised proceeds worth
`48,493.51 crores in total. Some of the successful IPOs of FY 2021 were
Burger King, Indigo Paints, Happiest Minds, and Mrs Bectors among others.
In December some of the most successful IPO launches were for Burger
King which saw a listing day gain of 130.67% and Mrs Bectors which saw a
listing gain of 106.79%. The same fervour continued in January with 4 back
to back IPOs including major IPOs of Indigo paints and IRFC. Although IRFC
lost some steam, Indigo Paints posted a listing day gain of 109.31%. In
February Nureca IPO yielded a listing gain of 66.66%.
Last 10 IPO Performances
Date IPO Name Issue Size Retail Total Issue Price List Price Listing CMP on Current Gains
(` in crs) Subscription Subscription (in ₹) (in ₹) Gains(%) 26/2/2021 (in ₹) (%) 26-02-21
18-Feb-21 Nureca 100 74.29 17.98 400 666.65 66.66 699.95 74.99
28-Jan-21 Stove Kraft Ltd 412.63 26.04 18.03 385 445.95 15.83 497.55 29.23
25-Jan-21 Home First Finance 1153.72 6.59 26.66 518 527.4 1.81 538.85 4.03
22-Jan-21 Indigo Paints Ltd 1170.56 6.5 54.84 1490 3118.65 109.31 2524.75 69.45
20-Jan-21 Indian Railway Finance Corp 4633 1.59 1.16 26 24.85 -4.42 24.65 (5.19)
23-Dec-20 Antony Waste Handling Cell Ltd 300.53 16.55 15.04 315 407.25 26.29 298.65 (5.19)
17-Dec-20 Mrs Bectors Food Specialities Ltd 540.54 29.33 198.02 288 501 106.79 400.65 39.11
4-Dec-20 Burger King India Ltd 796.5 68.15 156.65 60 115.35 130.67 141.55 135.92
11-Nov-20 Gland Pharma 6479.55 0.24 2.06 1500 1710 13.4 2,390.00 59.33
Source : Moneycontrol
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