MTAR Technologies IPO: Allotment of shares on March 12, here's how to check status

The basis of allotment for MTAR Technologies’s Rs 600-crore initial public offering (IPO) is expected to be finalised on March 12, 2021. Shares of the company are likely to be get credited to the Demat accounts of eligible investors on March 15.

The company will refund money and unblock funds from the ASBA account on March 15, while the shares may list on bourses with effect from March 16.

MTAR Technologies was subscribed more than 200 times on Friday. The public offer received bids for 145.79 crore equity shares against an offer size of 72.6 lakh equity stocks, translating into a subscription of nearly 201 times, data available on the exchanges showed.

The portion reserved for retail investors was subscribed 28.4 times, the qualified institutional buyers category was subscribed 165 times and the non-institutional category received 650.79 times subscription.

Once shares will be allotted, eligible investors can check their IPO share allotment status on the website of IPO’s registrar or BSE portal in a few easy steps.

Registrar’s website

Go to the website of the IPO registrar, KFin Technologies or click

You need to visit the link https://ris.kfintech.com/ipostatus/ or one can also visit their home page and click IPO status.

Next, select the IPO and enter either the application number or DPID/Client ID or PAN details.

Enter the application number in the case of the application number box. In case of the selection of DPID/Client ID box, choose the depository from the drop-down menu, enter DPIP, Client ID.

Enter the permanent account number details in case of selection of PAN (permanent account number).

Lastly, investors need to enter the given captcha code and after inputting the correct captcha, click submit.

Check IPO allotment through BSE website

Go to BSEIndia.com or click

Click on investors > Status of Issue Application > Application Status Check

Select issue type (equity) and Issue Name (MTAR Technologies).

Enter the application number and PAN Number.

Click on the search button to know the IPO allotment status