MTAR Technologies IPO Share Allotment: Here's How To Check Allotment Status

The company is primarily into the clean energy, nuclear, space and defence sectors was subscribed 200.79 times.

If you have subscribed to the shares of MTAR Technologies, then it’s time to check the status of the allotment as the issue, which was subscribed over 200 times has been finalised. The IPO of the precision engineering solutions company had opened for subscription last week between March 3 and March 5.  The company had raised ₹179 crore from anchor investors ahead of the IPO.

The price band for share sale was fixed at ₹574- 575 per equity share and the issue was fully subscribed in a span of few hours on the first day of the issue itself. 

The company is primarily into the clean energy, nuclear, space, and defence sectors was subscribed 200.79 times. As per the Money Control, it is believed to be the second-highest subscription among companies that garnered more than Rs 100 crore in the last five years.

Since the share allotment is finalised, investors can check allotment the status on BSE and KFin Tech websites. Most experts were in support of the subscription despite the aggressive pricing because of the limited competition for the products they manufacture.

All those investors who subscribed to the issue can easily check the allotment status on the BSE website.

Here are the steps to follow:

Firstly, visit the BSE website here, and then select issue type - Equity,

Then select the Issue Name - MTAR Technologies Ltd

In the next step enter the application number and PAN Number, and finally, click on the Search button to know the application status.

Investors can also check the status on the registrar's website here.  You can follow the steps to check below to check whether you have received the shares or not.

1) Firstly, click on the MTAR Technologies Ltd from the dropdown menu

2) In case you use the Application Number option, then select ASBA/NON-ASBA in the dropdown and enter the application number

3) If you are using DPID/Client ID option, then select NSDL/CDSL and enter DPID as well as a Client ID and in case of the PAN Number option, just type in the PAN Number

4) In the last step you have to type in the captcha available in digits and click submit to know the allotment status

5) In the last step, enter Captcha available in digits and click Submit to know the allotment status.

Also note, in case there is any refund for anchor investors and unblocking of funds from the ASBA account, then the process will take place from March 12 and all eligible investors will be able to get shares in their demat accounts on March 15. Remember the equity shares can be traded from March 16 onwards.