Latest News | BIZ-LISTING-MTAR TECH MTAR Technologies Shares Debut with 85 Pc Premium
Get latest articles and stories on Latest News at LatestLY. Shares of MTAR Technologies on Monday made a blockbuster debut with a premium of 85 per cent against its issue price of Rs 575.
New Delhi, Mar 15 (PTI) Shares of MTAR Technologies on Monday made a blockbuster debut with a premium of 85 per cent against its issue price of Rs 575.
It listed at Rs 1,063.90, registering a gain of 85 per cent from the issue price on BSE. Later, it jumped 95.65 per cent to Rs 1,125.
On NSE, it debuted at Rs 1,050 - a premium of 82.60 per cent.
The company's market valuation was at Rs 3,397.86 crore on BSE.
The initial public offering (IPO) of MTAR Technologies was subscribed 200.79 times earlier this month.
The price band for MTAR Technologies Rs 597-crore IPO was at Rs 574-575 per equity share.
The Hyderabad-based company has precision engineering capabilities to build nuclear and pressurised water reactors, aerospace engines, missile systems, aircraft components and many such other critical components and assemblies.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)