MTAR Technologies Prepares To Take Off From Its Inception: Check Award Status, Date, Bonus | Photo credit: Representative image
Investors want to know the status of the allotment of shares in the recently concluded MTAR Technologies initial public offering (IPO), which has been subscribed more than 200 times. The Rs 597 crore IPO received offers for 145.79 crore shares against an offer of 72.6 lakh from retail and institutional players.
The precision engineering company that has no peers to compare in the Indian market will give investors exposure to future tech sectors such as space and nuclear power.
The IPO of the company which supplies the Indian Space Research Organization (ISRO), Defense Research and Development Organization (DRDO) and Rafael, currently commands nearly 100% premium on the gray market. According to the IPO watch, shares of MTAR Technologies Gray Market Premium (GMP) are currently at Rs 510-520 against an issue price of Rs 574 to Rs 575, a premium of 90.4% in the upper price range.
GMP is the premium that investors are willing to give for IPO applications or stocks before they are officially listed on the market. Transactions are informal or over-the-counter in nature and transactions are carried out in cash or in a personal capacity. GMP therefore gives an indication of the direction that the share prices will take on the day of listing.
MTAR Technologies is committed to manufacturing critical precision components, critical assemblies, to serve projects of high national significance, through our skills in precision machining, assembly, testing, quality control and specialized manufacturing. .
The company’s key product portfolio includes critical assemblies such as liquid propulsion engines for GSLV Mark III, fairing base assembly and airframes for Agni programs, actuators for LCA, power units for fuel cells, fuel milling head, bridge and column, thimble pack, drive mechanisms, etc. at the heart of the nuclear reactor
MTAR grant date
The allocation of shares in MTAR Tech’s IPO is expected to be completed by March 12, according to the website of KFin Tech, which is the registrar. IPO registrars are responsible for processing IPO applications, awarding shares to applicants based on Sebi’s guidelines, processing redemptions, and awarding shares.
How to check the attribution status
-Those who subscribe to the IPO can also visit the Bombay Stock Exchange (BSE) website here.
-Select ‘equity’ in the ‘show type’ radio buttons
-Select the name of the problem ‘MTAR Technologies Ltd’ from the drop-down list
-Punch in your application number in the next step
-Enter your Pan card number in the next step
-Click on “ submit ” to know the status of your IPO request
Check the award status on the registrar’s website
-Select the relevant IPO from the drop-down list
-Select if you want to search using app number, PAN number or customer ID
– From the application types, select the ABSA or non-ABSA type
-Enter details of request number / PAN number or customer ID
-Click on “ submit ” to the status award status of your IPO application