MTAR Technologies IPO: Precision engineering solutions company to float IPO - Key details here

Precision Engineering solutions company MTAR Technologies is looking to raise upto ₹596.4 crores through capital markets listing.

Currently serve customers in Clean Energy, Nuclear, Space and Defence sectors

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MTAR Technologies, established in 1999, is leading precision engineering solutions company engaged in the manufacture of critical precision components with close tolerances (5-10 microns), and in critical assemblies, executes projects through precision machining, assembly, testing, quality control, and specialized fabrication. Some of products have been indigenously developed and manufactured. Company primarily serve customers in the clean energy, nuclear, space and defence sectors.

Company is having six (6) manufacturing facilities in and around the industrial belt of Hyderabad.

During the Fiscals ended 2018, 2019 and 2020, and for the nine months ended December 31, 2019 and for the nine months ended December 31, 2020, revenue from clean energy sector accounted for 49.14%, 61.42%, 64.34%, 71.01% and 49.33%, respectively.
Revenue from nuclear sector accounted for 28.89%, 13.05%, 14.27%, 7.33% and 27.13%, respectively
Revenue from space and defence sectors accounted for 16.39%, 20.06%, 18.40%, 18.56% and 20.59%, respectively

In the FY20 and 9MFY21, total income was ₹ 2,181.42 million and ₹ 1,779.91 million, respectively.
Restated profit for FY18-FY20 has grown at a CAGR of 140.31%, from ₹ 54.23 million to ₹ 313.18 million
FY20 and 9MFY20, EBITDA at ₹ 623.34 million and ₹ 537.50 million, respectively
FY20 and 9MFY20, revenue from contracts with customers located outside India amounted to ₹ 1,408.82 million and ₹ 937.71 million, reflecting 67.58% and 53.82% of revenue from contracts with customers, respectively.
Aggregate Order Book as on December 31, 2020 was ₹ 3,361.91 million, comprising Order Book in the clean energy sector, the nuclear sector and the space and defence sectors of ₹ 801.86 million, ₹ 931.86 million and ₹ 1,606.10 million, respectively.

IPO Opens	IPO Closes	Price Band (₹/Sh)	Listing Date (~)
3-Mar-2021	5-Mar-2021	574 to 575	15-Mar-2021 (Earlier 16th schedule)

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Promoted by Parvat Srinivas Reddy, P. Leelavathi, K. Shalini, D. Anitha Reddy, C. Usha Reddy, G. Kavitha Reddy, Anushman Reddy, P. Kalpana Reddy, Saranya Loka Reddy, A. Manogna and M. Madhavi, MTAR Technologies is into Precision Engineering business

Company would raise ₹_ crores through this IPO. The objects for which the Net Proceeds from the Offer shall be utilized 1) Repayment / prepayment in full or in part, of borrowings availed by our Company; (ii) Funding working capital requirements, and iii) To fund expenditures towards general corporate purposes