MTAR Technologies IPO

MTAR Technologies IPO
Case Code: FINC184
Case Length: 10 Pages
Period: 1970-2021
Pub Date: 2021
Teaching Note: Available
Price: Rs.300
Organization: MTAR Technologies
Industry: Industrial Goods & Machinery
Countries: India
Themes: Investment Decisions Investment Philosophy
MTAR Technologies IPO
Abstract Case Intro 1 Case Intro 2 Excerpts

Abstract

During the first week of March 2021, MTAR Technologies Private Limited (MTAR), a leading precision engineering manufacturer in India, announced an Initial Public Offering (IPO). MTAR was popular for its high-profile customer base and was actively involved in mission critical projects of the Indian Space Research Organization (ISRO), Defence Research and Development Organization (DRDO), and Nuclear Power Corporation of India (NPCIL) sponsored by the Government of India. MTAR also offered products for manufacturers in Aerospace and clean energy industries, and had a sustainable customer base in the domestic and global markets.

For the company, growth was accompanied by challenges in managing its debt and profitability position. MTAR then opted to go in for an Initial Public Offering (IPO). The IPO was successful and received a positive response from market participants. The present case study can help in discussing– the pros and cons of investing in an IPO, the factors to be analyzed before investing in an IPO, and the factors that drive companies to opt for an IPO.

Issues

The case is structured to achieve the following teaching objectives:

  • The pros and cons of investing in an Initial Public Offering (IPO).
  • The factors to be analyzed before investing in an IPO.
  • The objectives of a company in opting for an IPO.
  • The prospects of MTAR Technologies – growth drivers and risk factors.

Contents

Keywords

MTAR Technologies; IPO; Precision Engineering; Aerospace; defense; nuclear power; space; clean energy sector; DRDO; DAE; Mangalyaan; Chandrayaan 2; Heavy engineering segment; Light engineering segment;

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