About MTAR Technologies Ltd IPO
MTAR Technologies (MTAR) is a leading precision engineering solutions company engaged in the manufacture of mission critical precision components with close tolerances (5-10 microns), and in critical assemblies, to serve projects of high national importance, through its precision machining, assembly, testing, quality control, and specialized fabrication competencies, some of which have been indigenously developed and manufactured (Source: CRISIL Report). MTAR primarily serves customers in the clean energy, nuclear and space & defence, sectors. Some of its key customers include Nuclear Power Corporation of India Limited, Indian Space Research Organisation, Defence Research and Development Organisation, and Bloom Energy Inc., United States. For the 9 month ending December 31, 2020, its revenue from customers in the clean energy sector, the nuclear sector and the space and defence sectors accounted for 49.33%, 27.13% and 20.59%, respectively. As on December 31, 2020, its aggregate order book stood at ₹336cr. It operates out of seven manufacturing facilities, including an export-oriented unit situated in Hyderabad, Telangana.