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IPO

IPO Synopsis
MTAR Technologies Ltd
Registered Office: 18 Technocrats Indl Estate,Balanagar , Hyderabad - 500037 , Telangana , India.
Phone : 91-40-44553333/23078312   Fax:91-40-44553322/23078316
Email :  shubham.bagadia@mtar.in  
Website :  www.mtar.in
Initial Public Offering of 10,372,419 equity shares of face value of Rs. 10 each ("equity shares") of MTAR Technologies Limited ("The Company" or The "Issuer") for cash at a price of Rs. 575 per equity share (including a premium of Rs. 565 per equity share) ("Issue Price") aggregating up to Rs. 596 crores. The Offer comprises of a fresh issue of up to 2,148,149 equity shares aggregating to Rs. 123.52 crores ("fresh issue") and an offer for sale of up to 8,224,270 equity Shares aggregating to Rs. 472.90 crores, comprising to 450,000 equity shares by P. Leelavathi, 300,000 equity shares by Parvat Srinivas Reddy, up to 149,970 equity shares by P. Kalpana Reddy, up to 300,000 equity shares by Saranya Loka Reddy, up to 200,000 equity shares by C. Usha Reddy, up to 300,000 equity Shares by G. Kavitha Reddy, up to 125,000 equity shares by D. Anitha Reddy, up to 225,000 equity shares by K. Shalini and up to 300,000 equity shares by A. Manogna (collectively the "promoter selling shareholders") and up to 5,784,300 equity shares by Fabmohur Advisors LLP and up to 90,000 equity shares By P. Simhadri Reddy (collectively the "investor selling shareholders", and together with the promoter selling shareholders, the "Selling Shareholders") (The "offer for sale", and together with the fresh issue, the "offer"). The offer will constitute 33.72% of the post-offer paid-up equity Share capital. Offer Price Rs. 575 Per Equity Share of face value of Rs. 10 each. The Issue Price is 57.50 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
03-Mar-21 05-Mar-21 Rs575.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :26  Further Multiples of :26

  Rs Cr Lead Managers to the Issue
Project Cost 123.52
IIFL Securities Ltd
Project Financed through Current Offer 596.41  
Post Issue Equity Share Capital 30.76  
Issue Price Rs575.00  
 
Projects
Repayment / prepayment in full or in part, of borrowings availed by the companyGeneral corporate purposes
Funding working capital requirements
Promoted By
Parvat Srinivas Reddy
P Leelavathi
D Anitha Reddy
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd