MTAR TECHNOLOGIES TO LAUNCH IPO ON MARCH 3-2021

The company has made a pre-IPO placement of Rs 100 crore

1. MTAR is a leading national player in the precision engineering industry engaged in the manufacture of mission-critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, though the company's precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured. Since its inception in 1970, MTAR has grown into a major group with state-of-the-art facilities with an unparalleled history of contributing to the Indian Civilian Nuclear Power program, Indian Space program, Indian Defence, Global Defence, as well as Global Clean Energy sectors. The company has the machining, assembly, specialized fabrication, painting, and special processes facilities available under one roof, which are probably considered as one of the best facilities available in India, as well as in Asia. Some of the company's esteemed clients are ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, among others. The key product portfolio of the company includes critical assemblies such as Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly & Airframes for Agni programs, Actuators for LCA, power units for fuel cells, Fuel machining head, Bridge & Column, Thimble Package, Drive Mechanisms, etc. to the core of the nuclear reactor. Over the years, we have also developed import substitutes such as ball screws and water-lubricated bearings that are highly specialized and premium products in Nuclear, Space, and Defence. Through its wide-variety of complex product portfolio, MTAR has created a niche for itself in the Indian precision engineering industry and is today counted among the top three suppliers that cater to precision engineering requirements of Indian nuclear, Defence, and Space sectors. The engineering capability of the Company evolved over decades, has enabled us to consistently offer quality complex precision manufactured components and assemblies, within stipulated timelines and at a reasonable cost, allowing us to forge a robust relationship with their customers. The technological expertise attained over the decades to manufacture products of high positional and dimensional accuracy has given the company a steep learning curve and enabled us to set industry standards and created entry barriers for other players in relation to the technology employed and the manufacturing solutions offered to company's customers. Currently, MTAR is involved in the development of roller screws, which is an import substitute and is developing the associated technology post which the company will be the sole manufacturer of roller screws in India.

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CLIENTS OF MTAR Civilian Nuclear Sector

1. DAE

2. NPCIL

3. BARC

4. ECIL

5. IGCAR

6. BHAVINI

Space

1. ISRO

2. LPSC

3. SDHC-SHAR

4. VSSC

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IPO RELATED DETAILS

1. The issue of 1,03,72,419 equity shares will close for subscription on March 5, while the anchor book, if any, will open for a day on March 2.

2. The initial public offering comprises a fresh issue of 21,48,149 equity shares by the company and an offer for sale of 82,24,270 equity shares by promoters and investors.

3. The offer includes sales by promoters - 4,50,000 equity shares by P Leelavathi, 3 lakh shares by Parvat Srinivas Reddy, 1,49,970 shares by P Kalpana Reddy, 3 lakh shares by Saranya Loka Reddy, 2 lakh shares by C Usha Reddy, 3 lakh shares by G Kavitha Reddy, 1.25 lakh shares by D Anitha Reddy, 2.25 lakh shares by K Shalini and 3 lakh shares by A Manogna.

4. Investors Fabmohur Advisors LLP and P Simhadri Reddy will sell 57,84,300 equity shares and 90,000 shares through the offer.

5. MTAR Technologies had, in consultation with the book-running lead managers, undertaken a pre-IPO placement of 18,51,851 equity shares, aggregating to Rs 100 crore. Consequently, the size of the planned fresh issue of up to 40,00,000 equity shares has now been reduced by 18,51,851 equity shares to 21,48,149 shares.

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FOR IPO DATES VISIT OUR WEBSITE: https://www.quarkinternational.com/ipo