India's MTAR Technologies nearly doubles in market debut

MTAR Technologies

15/03/2021 05:28

** Shares of aircraft components maker  MTAR.NS  up as much
as 98.58% to 1,142.25 rupees in market debut vs issue price of
575 rupees
    ** Price band was fixed at 574 - 575 rupees per equity share
    ** Co offered up to 12.2 mln shares in initial public
offering, consisting of a fresh issue of up to 4 mln shares and
an offer for sale of up to 8.2 mln shares
    ** Co plans to use the IPO proceeds to fund working capital
requirement and repay borrowings

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))