Should I buy Mtar after listing?

“Overall MTAR is overpriced at an FY20 P/E of 57.5 times. But it has been commanding a good grey market premium, indicating the offer will sail through. Keeping the risks in mind, we recommend to SUBSCRIBE to this IPO for listing gains only,” she said.

Why I have not received IPO allotment?

There can be 2 reasons for non-allotment of shares in an IPO. These 2 reasons have been mentioned below i.e. Your bid was not considered as valid i.e. invalid PAN No. or invalid demat account number or multiple applications submitted from the same name.

Should I hold Mtar IPO?

MTAR Technologies, a precision engineering solutions company, opens its initial public offering (IPO) for subscription on March 3 with a price band of Rs 574-575 per share. The public issue consists of a fresh issue of Rs 124 crore by the company and an offer for sale of Rs 473 crore by promoters and investors.

Should you apply for Mtar IPO?

The company said there are no listed entities in India whose business portfolio is comparable with that of its business. Should you subscribe to MTAR Technologies IPO? Most analysts say the issue is expensive but can build wealth in the long term. Hence, they advise subscribing to the IPO.

What happens if you don’t get IPO?

You cannot withdraw that amount. This amount will be locked till the allotment is finalized for an IPO. In case, you are applying offline through a cheque then the refund process starts after the finalization of basis of allotment. There are no charges and the full refund is done.

Is Mtar IPO open?

MTAR Technologies IPO listing date today: MTAR IPO listing date was rescheduled and, instead of 16th March, 2021, it has listed on 15th March 2020, which is today. MTAR IPO got listed today at Rs 1050 at NSE and Rs 1063.90 at BSE which is around 85 pct higher than MTAR IPO price band of Rs 574-575.