Shares of MTAR Technologies were listed at Rs 1,063.90 on BSE with an 85 per cent premium. On the NSE, the stock was listed at Rs 1,050 with an 82 per cent premium.
A stock started in the stock market on Monday. MTAR Technologies had a booming entry into the stock market. Shares of MTAR Technologies were listed at Rs 1,063.90 on BSE with an 85 per cent premium. On the NSE, the stock was listed at Rs 1,050 with an 82 per cent premium.
The issue price of the IPO was Rs 574–575 per share. Currently, the company’s stock is trading at a price of Rs 1076.60. This is 1.19 percent above the listing price.
The IPO of MTAR Technologies was a great response. The IPO was subscribed 200.79 times. The IPO opened on March 3 and closed on March 5. The company has raised Rs 596 crore through an IPO.
MTAR Technologies has been providing services in the nuclear, defense and aerospace equipment space sector for the last four decades. The client list includes names like ISRO, NPCIL, DRDO, Bloom Energy, Rafael.
MTAR IPO: Share Allotment to be final today; Did you get it or not? Check in 2 ways
As of December 2020, MTAR had an order book of Rs 336 crore, which is 1.6 times FY20 revenue. The market share of the space and defense segment in the order book is 48 percent. EBITDA margin is 28.5 per cent in FY 2020.