MTAR Technologies IPO date: Issue opens on March 3, 2021 | Key competitive strengths, risks and more - EXPLAINED
MTAR Technologies IPO date: MTAR Technologies, the maker of nuclear, defence and aerospace equipment, fabrication facilities and fuel cells is planning to raise up to Rs 5950 mn through an IPO, which opens on 3rd Mar and closes on 5th Mar 2021. The price band is Rs. 574 - 575 per share. On 16th Feb. 2021, MTAR has undertaken a pre-IPO placement of 1.85 mn equity shares at Rs 540 each, aggregating to Rs 1000 mn. The issue is a combination of fresh and OFS issues.
MTAR Technologies, which supplies to companies such as Bharat Heavy Electricals Ltd., Hindustan Aeronautics Ltd., Advance System Laboratory (DRDO), Godrej and Boyce, and others: Reuters