MTAR IPO: Listing date, allotment status, subscription and other details that you can't afford to miss

Speaking on MTAR IPO; Jyoti Roy, Deputy Vice President — Equity Strategist at Angel Broking said, "The Rs 596 crore MTAR Technologies IPO has received an overwhelming response with the IPO getting subscribed by almost 201 times. The retail portion was subscribed by 28.4 times while the QIB and the NIB categories were subscribed by 165 times and 650.8 times respectively. The MTAR stock is expected to be listed on the exchanges on the 16th of March and we are expecting bumper listings for MTAR IPO. One of the reasons for the expected bumper listing is that it is one of a kind company with no comparable peers. The company caters to marquee clients like ISRO, DRDO, NPCIL, Bloom Energy and Rafaeland is uniquely positioned to benefit from the Government’s focus on the defence sector and make in India initiative. We are positive on the long-term prospects of the Company and have recommended a "SUBSCRIBE" rating to the IPO." Photo: PTI

MTAR IPO subscription status
MTAR IPO was subscribed 201 times from its original offer. As per the data available on the exchanges, the MTAR IPO received bids for 145.79 crore equity shares against an offer size of 72.6 lakh equity stocks, translating into a subscription of 200.79 times. Photo: Reuters

MTAR IPO listing date is likely on 16th March 2021 and MTAR IPO allotment date is likely on 10th March 2021. So, if you have applied for an MTAR IPO, then you must check the MTAR IPO allotment status that is likely to become public from 10th March 2020. Photo: Reuters

Those who bid for the MTAR IPO can check the allotment status on KFin Technologies website under ‘IPO Status’ section (ris.kfintech.com/ipostatus/) when it gets declared. After that, select the IPO and enter either your application number or DPID/Client ID or PAN. In case of the application number box, select application type and enter the application number. If the DPID/Client ID box is chosen, select the depository from the drop-down menu, enter DPIP, Client ID. If the PAN option box was chosen, enter the permanent account number. In the last step, enter the given captcha and click submit. Photo: Reuters

MTAR IPO allotment status check can be done online by logging in at the BSE website (bseindia.com/investors/appli_check.aspx). After logging in at the given website, one needs to select the issue type as ‘equity’, and the issue name as “MTAR Technologies Ltd’ from the drop-down list, when MTAR IPO allotment status becomes public. After that enter application number and PAN (permanent account number). In the last step, click on the search tab and your MTAR IPO allotment status will become available on your computer screen. Photo: Reuters