MTAR Technologies is Hyderabad based engineering company that manufactures aerospace engines, aircraft components and has been serving the defense and energy sector for many years.
MTAR Technologies is a renowned and excellent engineering company that has boarded the share market with its IPO of 10,372,419 equality shares, with the face value of Rs 10 to fetch a sum of Rs 596 crore.
MTAR Technologies IPO Details:
The company has fixed its IPO price band at Rs. 574- 575 per equity share which is open for the public subscription from March 3 – March 5.
- The minimum lot size of share is 26
- The minimum amount to be invested by a retail investor is ₹14950.
- And the maximum bid one can apply is for 338 shares.
For any IPO share allotment, the process takes about 6 working days from the date of the closing of a bid.
Thus, The MTAR Technologies IPO allotment status and all the other related information will be available on March 10 2021 as per the companies guidelines and prospectus.
The MTAR Technologies IPO was oversubscribed 368 times on the very first day of its opening.
IPO allotment status tells us about the total amount of shares that is allotted to an investor through an initial public offer. This allotment of shares is processed by the registrar of the IPO.
The date on which the allotment of shares is publicly announced through the official website of the registrar of the company’s IPO is the IPO allotment date.
Not only this all the investors get the information of IPO allotment status from various sources like BSE, NSE, CDSL & NSDL by the registered Email and SMS.
The investor can check the IPO allotment status on the online registrar’s website. By entering the Pan number of IPO allocation number on the website the investor can get all the related information and check the allotment status.
Also Check: MTAR Technologies IPO Details
To check the MTAR Technologies IPO allotment status, the investor has to follow few steps Which are mentioned below:
- Enter the MTAR Technologies website and go to the IPO allotment status page.
- Click on the green button of MTAR Technologies IPO allotment status
- Enter the application number and the pan number.
- Click on the search button to know the IPO allotment status.
IPO allotment status on the BSE website:
- Open the BSE website
- Click on the checkbox equity
- Select the IPO registered name MTAR technologies.
- Type your PAN and the Application number.
- Click on the view button
The IPO of MTAR Technology is oversubscribed and through the lottery method, the allotment process will take place.
Many investors’ applications can get rejected due to incomplete information or form.
The company has undertaken the fresh issue of shares to pay out the debt, to fulfill the requirements of working capital, and with the general corporate requirement.