MTAR TECHNOLOGIES IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

MTAR Technologies IPO GMP Today, MTAR IPO Grey Market Premium Updates | MTAR Technologies IPO Listing Gain, Latest target, Opening gain

MTAR Technologies initial public offer (IPO) is set to open for subscription on March 3 and close on March 5, after it received capital market regulator Sebi’s go-ahead to raise Rs 596.4 crore through public issue.

Hyderabad-based MTAR Technologies, a leading player in the precision-engineering industry, has fixed price band for its initial public offering at Rs 574-575 per share.

MTAR Technologies is a leading precision engineering solutions company engaged in the manufacturing of mission critical precision components. It primarily serves customers in the clean energy, nuclear, space and defence sectors. Its clients include ISRO, Rafael, DRDO and NPCIL.

The initial public offering comprises a fresh issue of 21,48,149 equity shares by the company and an offer for sale of 82,24,270 equity shares by promoters and investors.

Check out MTAR Technologies IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

MTAR Technologies IPO Details:

Issuer MTAR Technologies
Issue Type Book Built Issue IPO
Issue Period Issue Opens: March 3, 2021
Issue Closes: March 5, 2021
Price Brand ₹574 to ₹575 Per Share
Issue Size ₹596.41 Crores
Face Value Rs.10 per Equity Share
Market Lot 26 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Offer for Sale ₹ 472.90 Cr
Fresh Issue ₹ 123.52 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 10,372,419 Shares
Grey Market Price MTAR IPO GMP Today

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MTAR Technologies IPO Review

MTAR IPO GMP Rates day by day

MTAR Technologies Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
15 MAR 2021      
14 MAR 2021 495 400 11000
13 MAR 2021 490 400 11000
12 MAR 2021 480 400 11000
11 MAR 2021 480 400 7500
10 MAR 2021 480 400 7500
09 MAR 2021 490 450 8000
08 MAR 2021 500 500 8000
07 MAR 2021 500 500 8000
06 MAR 2021 500 500 8000
05 MAR 2021 500 500 8000
04 MAR 2021 400 500 8000
03 MAR 2021 440 475 7000
02 MAR 2021 420 475 7000
01 MAR 2021 350 450 7000
28 FEB 2021 350 375 5500
27 FEB 2021 340 375 5000
26 FEB 2021 210 275 N/A
25 FEB 2021 200   N/A
24 FEB 2021 130   N/A
23 FEB 2021 120 N/A N/A

MTAR Technologies IPO Market Lot:

 Lot Size:  Minimum 26 Shares & Maximum 338 Shares
 Minimum Amount:  ₹14,950
 Maximum Amount: ₹194,350

MTAR IPO Allotment & Listing:

 Basis of Allotment: March 10, 2021
 Refunds: March 12, 2021
 Credit to Demat Account: March 15, 2021
 Listing Date: March 16, 2021

Check:- MTAR Technologies IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

– IGL Limited
– Issue Price: Rs 480 Per Equity Share (at upper band)
– Lot Size: 14
– Grey Market Premium: Rs 350 to Rs 360
– Kostak (Rs 100000): Rs 2500 to Rs 2600

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

MTAR IPO GMP FAQs

What is the Grey Market Premium of MTAR Technologies IPO?

The Grey Market Premium of MTAR Technologies IPO is approx. 440 at the moment.

What is the Subject to Sauda price for MTAR Technologies IPO?

The Subject to Sauda price for MTAR Technologies IPO is approx. ₹7000

How much will be listing gain in MTAR Technologies IPO?

MTAR Technologies IPO listing gain will be approx. ₹10000 (update on a daily basis)

What is kostak price of MTAR Technologies IPO?

The Kostak price of MTAR Technologies IPO is approx. ₹475

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