The allocation of shares of MTAR Technologies IPO will be finalized today. The company’s issue opened on March 3 and closed on March 5. The issue received overwhelming response from investors. The company is set to raise Rs 596 crore through an IPO. Its issue was subscribed 200 times till the last day. This is the second company in the last 5 years to raise more than Rs 100 crore fund and whose issue has been so subscribed.
Those investing in MTAR Technologies are now eyeing its listing. The company’s shares may be listed on 16 March. According to market experts, the premium at which MTAR shares are trading in the gray market shows that it is going to have a strong start in the stock market.
The price band for the IPO of MTAR Technologies is Rs 574-575. After the bumper subscription, unlisted shares of MTAR are trading at a premium of Rs 540-545 in the gray market.
If you had also subscribed to the IPO of MTAR Technologies, then know how you can check these status.
First of all, click on the registrar’s website https://kcas.kfintech.com/ipostatus/.
– After reaching the site, select IPO (MTAR Technologies Limited).
– If you select application number, select NON-ASBA or ASBA and fill the application number, select NSDL / CDSL in DPID / Client ID case and enter DPID and Client ID, PAN Enter the PAN number in the case.
– After this, enter the number given in green color just above the captcha box and click on submit button to know the IPO share allotment status.
Apart from this, you can also see the allotment status on the BSE website. Enter the issue type (equity) and issue name (MTAR Technologies Ltd), application number and PAN number and finally click on the search button to know the IPO allotment status.
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