MTAR Technologies received a massive response from investors with a subscription of over 200 times for its initial public offering (IPO) worth Rs 597 crore. The company is likely to allot the shares on Wednesday, March 10, 2021. On the final day of the bidding process, the company received bids for 145.79 crore equity shares against an offer size of 72.6 lakh equity shares. 28.4 times subscription was made for the portion reserved for retail investors followed by 165 times of that for the qualified institutional buyers category and 650.79 times for non-institutional category.
Rs 574- Rs 575 per share was fixed as the price band. The public offering started on March 3 and closed after three days on March 5. The initiation of the refund process will be done from March 12, 2021, while the listing date is March 16, 2021.
Those who have invested in the IPO can check the allotment status on the official website of the registrar,KFin Technologies Private Limited, after it is finalised.
Here is how to check MTAR Technologies IPO allotment status from the registrar’s website:
Step 1: Investors will have to visit the official website of the registrar KFintech Private Limited by clicking on the linkhttps://kcas.kfintech.com/ipostatus/ to check the application status
Step 2:You will have to click on ‘Select company’ and then click on ‘MTAR Technologies’ option. However, you need to note that the status will appear only after the allotment is finalised
Step 3: After selecting the company, you will have to enter either your PAN detail, the application number, or the client ID
Step 4: Post that,you need to enter the captcha and click on the ‘submit’ option
Step 5: As you will hit ‘submit’,the status of your application will be displayed on the screen
Investors also need to know that they can also check the allotment status from the stock exchange website. Below are the steps you can use for the same:
Step 2: You need to select ‘Equity’ and then from the dropdown, select ‘MTAR Technologies’ on BSE
Step 3: After that, you will have to enter your application number and PAN
Step 4: Lastly, click on the ‘Search’ option