{"id":15993,"date":"2021-03-01T18:11:18","date_gmt":"2021-03-01T12:41:18","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=15993"},"modified":"2021-03-08T16:05:36","modified_gmt":"2021-03-08T10:35:36","slug":"mtar-technologies-ipo-review","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/mtar-technologies-ipo-review\/","title":{"rendered":"MTAR Technologies IPO Review: Subscribe, Right place, Right time, Fully priced"},"content":{"rendered":"<div style=\"background: #FFFFFF; border: 1px solid #019DAF; border-left-color: Brick red; border-left-style: solid; border-left-width: 15px; padding: 15px; margin-bottom: 5px; margin-top: 7px;\">\n<h2 style=\"font-size: 18px;\">MTAR Technologies IPO Details:<\/h2>\n<ul>\n<li><strong>IPO Date: <\/strong>March 3<sup>rd<\/sup>\u00a0to March 5<sup>th<\/sup>, 2021<\/li>\n<li><strong>Total Shares for subscription: <\/strong>~1.04 Cr<\/li>\n<li><strong>IPO Size: <\/strong>~Rs. 596.4 Cr<\/li>\n<li><strong>Lot Size: <\/strong>26 shares<\/li>\n<li><strong>Price Band: <\/strong>Rs. 574-575\/ share<\/li>\n<li><strong>Market Capitalization: <\/strong>1,656 Cr<\/li>\n<li><strong>Recommendation:\u00a0<span style=\"color: #008000;\">Subscribe<\/span><\/strong><\/li>\n<\/ul>\n<\/div>\n<h2 style=\"font-size: 18px;\">Purpose of MTAR Technologies Limited IPO<\/h2>\n<ul>\n<li>To partly or fully repay the company&#8217;s borrowings.<\/li>\n<li>To fulfill working capital requirements.<\/li>\n<li>To meet general corporate purposes.<\/li>\n<\/ul>\n<h2 style=\"font-size: 18px;\">About the MTAR Technologies Company<\/h2>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/engineering\/mtar-technologies\/company-info\"><strong>MTAR Technologies<\/strong><\/a>, an Rs. 250 Cr company, is a leading national player in the precision engineering industry. The company is primarily engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality control processes.<\/p>\n<p>The company is also involved in critical assemblies, to serve projects of high national importance, through precision machining, assembly, testing, quality control, and specialized fabrication competencies. Some of those have been indigenously developed and manufactured.<\/p>\n<h3>Products &amp; Manufacturing Facilities<\/h3>\n<p>Over time, MTAR Technologies has expanded its product portfolio including critical assemblies i.e. Liquid propulsion engines to GSLV Mark III, Base Shroud Assembly &amp; Airframes for Agni Programs, Actuators for LCA, power units for fuel cells, Fuel machining head, Bridge &amp; Column, Drive Mechanisms, Thimble Package, etc. A wide range of complex product portfolios meets the varied requirements of the Indian nuclear, Defence, and Space sector. ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, etc. are some of the esteem clients.<\/p>\n<p>The company has a strong network in the domestic as well as the overseas market. In India, it has 8,600 dealers across 16 states and 1 union territory whereas, in the overseas market, it exports its products to more than 60 countries through international distribution partners. The company exported its products in Latin America, CIS, Middle East, Africa, Asia, and South East Asia in FY20.<\/p>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Products-Manufacturing-Facilities.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-15996 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Products-Manufacturing-Facilities.jpg\" alt=\"Products &amp; Manufacturing Facilities\" width=\"481\" height=\"171\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Products-Manufacturing-Facilities.jpg 481w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Products-Manufacturing-Facilities-150x53.jpg 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Products-Manufacturing-Facilities-270x96.jpg 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Products-Manufacturing-Facilities-370x132.jpg 370w\" sizes=\"(max-width: 481px) 100vw, 481px\" title=\"\"><\/a><\/p>\n<p>More than 50% of the revenue comes from customers outside India. The overall order book as of December\u201920 stood at Rs. 336 Crores.<\/p>\n<h3 style=\"font-size: 16px;\">Management of MTAR Technologies:<\/h3>\n<p>Parvat Srinivas Reddy is the Managing Director and promoter of the company. He has over 29 years of work experience and before his appointment as the Managing Director of the Company; he served as the managing director of <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/metals-mining\/ceramics-marble-granite-sanitaryware\/ravileela-granites\/company-info\">Ravileela Granites Limited<\/a> and has acted as a consultant to the Company.<\/p>\n<p>Devesh Dhar Dwivedi is the Chief Operating Officer of the company. He has over 13 years of experience in the defence, manufacturing, information technology and engineering, procurement, and construction sectors, among others. He has previously served as the chief financial officer of High Radius Technologies Private Limited, an assistant vice president with <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/automobiles\/forgings\/bharat-forge\/company-info\">Bharat Forge Limited<\/a>.<\/p>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/mobile-site\/registration\/?source=investmentshastra-mtar-technologies-ipo-blog\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-15247\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in.jpg\" alt=\"Know which stocks are worth investing in\" width=\"800\" height=\"200\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in.jpg 800w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-300x75.jpg 300w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-768x192.jpg 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-370x93.jpg 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-270x68.jpg 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-740x185.jpg 740w\" sizes=\"(max-width: 800px) 100vw, 800px\" title=\"\"><\/a><\/p>\n<h3>Financials of MTAR Technologies:<\/h3>\n<p>The revenue of the company has grown at a CAGR of 16% from FY18 to FY20. On the other hand, the order book has grown at a CAGR of 31% in the same period from Rs. 201 crore in FY18 to Rs. 345 crore in FY21.<\/p>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Financials-of-MTAR-Technologies.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-15997 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Financials-of-MTAR-Technologies.png\" alt=\"Financials of MTAR Technologies\" width=\"397\" height=\"170\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Financials-of-MTAR-Technologies.png 397w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Financials-of-MTAR-Technologies-150x64.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Financials-of-MTAR-Technologies-270x116.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/03\/Financials-of-MTAR-Technologies-370x158.png 370w\" sizes=\"(max-width: 397px) 100vw, 397px\" title=\"\"><\/a><\/p>\n<p>The company has managed to improve its net cash flow (from operations) at and ROCE offlate.<\/p>\n<h3 style=\"font-size: 16px;\">Strengths:<\/h3>\n<ul>\n<li>Wide range of product portfolio<\/li>\n<li>Modern manufacturing units<\/li>\n<li>Diversified supplier base<\/li>\n<li>Experienced and qualified management<\/li>\n<\/ul>\n<h3 style=\"font-size: 16px;\">Risks:<\/h3>\n<ul>\n<li>Inability to source purchase orders<\/li>\n<li>Risks from slow-moving orders and volatile cash flows<\/li>\n<\/ul>\n<div class=\"row text-center mb-3\">\n<div class=\"col-md-12 col-12 font13 mb-3\" style=\"background: #fbf0e7; padding-top: 5px; border: 1px solid #FBA059;\">\n<div class=\"text-center mt-2 mb-3 text-success font14\" style=\"text-align: center; font-size: 15px;\"><strong><span style=\"color: #28a745;\">We love helping investors like you,<\/span><\/strong><\/div>\n<p style=\"text-align: center; padding-top: 10px; margin-bottom: 5px; line-height: 30px;\"><span style=\"color: #3366ff;\"><a href=\"https:\/\/www.moneyworks4me.com\/mobile-site\/registration\/?source=investmentshastra\">Register FREE<\/a><\/span> | <span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\">Sched<\/a><\/span><span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\">ule<\/a><\/span><span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\"> a DEMO<\/a><\/span> | <a href=\"https:\/\/www.moneyworks4me.com\/themes\"><span style=\"color: #800000;\"><strong>Themes<\/strong><\/span><\/a> | <a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars\/?source=investmentshastra\"><span style=\"color: #ff0000;\">Subscribe<\/span><\/a><\/p>\n<\/div>\n<\/div>\n<h2 style=\"font-size: 18px; margin-top: 10px;\">MoneyWorks4me Opinion<\/h2>\n<p>The engineering is largely driven by order books and limited by production capacity. <strong><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/engineering\/mtar-technologies\/company-info\">MTAR Technologies<\/a><\/strong> operates in the precision engineering industry which offers a high margin to compensate large investments into receivables and inventory.<\/p>\n<p>Firstly, the company is catering to lucrative sectors like Defence is trending due to the Atmanirbhar initiative by the government of India. Also, the company believes that it shall be one of the preferred suppliers for any defence offset transaction that any current international customers may be part of.<\/p>\n<p>Secondly, the company is a supplier to clear energy companies that have a large growth potential over the next decade. This will provides a long-term growth trajectory for the company.<\/p>\n<p>Considering the size of the company we see headroom for the company to grow. The future potential is huge but largely dependent on the execution abilities of the management.<\/p>\n<div style=\"border: 2px solid #A1A500; padding: 10px; background-color: #feffcd; border-radius: 30px 5px;\">\n<h3 style=\"font-size: 16px; marging-bottom: 10px;\">Valuation<\/h3>\n<p>Valuation of Mtar Tech is quite high, Rs. 1,656 Cr for Rs. 50-60 Cr in operating cash flows, i.e. 28-32x. We can\u2019t think of investing long-term investment at such a price.<\/p>\n<p>Considering few positive factors, <strong>we recommend <span style=\"color: #008000;\">SUBSCRIBE<\/span> as an IPO investment<\/strong>, as it will be quite a small allotment. We wouldn\u2019t buy post listing as we find prices are not so favorable based on current data.<\/p>\n<p>Over the next few quarters, the stock might do well as we see order book converting into sales growth. But thereafter one has to take decision-based on order inflow and execution. Hence, you can hold for the long term.<\/p>\n<p><strong><u>Note<\/u><\/strong><strong>:<\/strong> We do not recommend buy just because the IPO market is hot. We do not earn any commission or fee for promoting IPOs so expect an honest review from us on the business model and valuation.<\/p>\n<\/div>\n<h2 style=\"font-size: 18px; background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"time-table\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">MTAR Technologies Tentative Timetable:<\/span><\/span><\/h2>\n<table width=\"620\">\n<tbody>\n<tr>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>IPO Activity<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Date<\/strong><\/td>\n<\/tr>\n<tr>\n<td>IPO Open Date<\/td>\n<td style=\"text-align: center;\">3rd Mar 2021<\/td>\n<\/tr>\n<tr>\n<td>IPO Close Date<\/td>\n<td style=\"text-align: center;\">5th Mar 2021<\/td>\n<\/tr>\n<tr>\n<td>Basis of Allotment Finalisation Date<\/td>\n<td style=\"text-align: center;\">10th Mar 2021<\/td>\n<\/tr>\n<tr>\n<td>Refunds Initiation<\/td>\n<td style=\"text-align: center;\">12th Mar 2021<\/td>\n<\/tr>\n<tr>\n<td>A credit of Shares to Demat Account<\/td>\n<td style=\"text-align: center;\">15th Mar 2021<\/td>\n<\/tr>\n<tr>\n<td>IPO Listing Date<\/td>\n<td style=\"text-align: center;\">16th Mar 2021<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"background-color: #7e7d7d; font-size: 18px; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"subscription\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">MTAR Technologies IPO Subscription Status:<\/span><\/span><\/h2>\n<table width=\"620\">\n<tbody>\n<tr>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Date<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>QIB<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>NII<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Retail<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Total<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Mar 3, 2021, 05:00<\/td>\n<td style=\"text-align: center;\">0.00x<\/td>\n<td style=\"text-align: center;\">1.02x<\/td>\n<td style=\"text-align: center;\">6.93x<\/td>\n<td style=\"text-align: center;\">3.68x<\/td>\n<\/tr>\n<tr>\n<td>Mar 4, 2021, 05:00<\/td>\n<td style=\"text-align: center;\">0.96x<\/td>\n<td style=\"text-align: center;\">8.04x<\/td>\n<td style=\"text-align: center;\">16.55x<\/td>\n<td style=\"text-align: center;\">10.27x<\/td>\n<\/tr>\n<tr>\n<td>Mar 5, 2021, 05:00<\/td>\n<td style=\"text-align: center;\">164.99x<\/td>\n<td style=\"text-align: center;\">650.79x<\/td>\n<td style=\"text-align: center;\">28.40x<\/td>\n<td style=\"text-align: center;\">200.79x<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"font-size: 18px; background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"time-table\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">MTAR Technologies IPO Lot Size:<\/span><\/span><\/h2>\n<table class=\"table table-condensed table-bordered table-striped table-nonfluid\">\n<thead>\n<tr>\n<th style=\"background-color: #03acc7; color: white; text-align: center;\">Application<\/th>\n<th style=\"background-color: #03acc7; color: white; text-align: center;\">Lots<\/th>\n<th style=\"background-color: #03acc7; color: white; text-align: center;\">Shares<\/th>\n<th style=\"background-color: #03acc7; color: white; text-align: center;\">Amount (Cut-off)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\">Minimum<\/td>\n<td style=\"text-align: center;\">1<\/td>\n<td style=\"text-align: center;\">26<\/td>\n<td style=\"text-align: center;\">\u20b9 14,950<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">Maximum<\/td>\n<td style=\"text-align: center;\">13<\/td>\n<td style=\"text-align: center;\">338<\/td>\n<td style=\"text-align: center;\">\u20b9 194,350<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"font-size: 18px; background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"faq\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">MTAR Technologies IPO Faqs:<\/span><\/span><\/h2>\n<h3 style=\"font-size: 16px;\">When will the MTAR Technologies IPO open?<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/engineering\/mtar-technologies\/company-info\"><strong>MTAR Technologies<\/strong><\/a> IPO will open for subscription on Wednesday, March 3, and will close on Friday, March 5.<\/p>\n<h3 style=\"font-size: 16px;\">What is the price band of MTAR Technologies IPO?<\/h3>\n<p>The price band for MTAR Technologies IPO is Rs 574-575.<\/p>\n<h3 style=\"font-size: 16px;\">What is the lot size for MTAR Technologies IPO?<\/h3>\n<p>Retail investors can subscribe to the IPO minimum lot size is 26 shares, up to a maximum of 13 lots i.e. Rs. 1, 94,350.<\/p>\n<h3 style=\"font-size: 16px;\">What is the issue size of MTAR Technologies IPO?<\/h3>\n<p>The total issue size is ~1.04 cr shares raising ~Rs. 596.4 Cr.<\/p>\n<h3 style=\"font-size: 16px;\">What is the quota reserved for retail investors in MTAR Technologies IPO?<\/h3>\n<p>The quota for retail investors in MTAR Technologies IPO is fixed at 35% of the net offer.<\/p>\n<h3 style=\"font-size: 16px;\">When will the basis of allotment be out?<\/h3>\n<p>Allotment will be finalized on March 10 and refunds will be credited by March 12. Shares allotment will be credited in Demat accounts by March 15.<\/p>\n<h3 style=\"font-size: 16px;\">What is the listing date of MTAR Technologies IPO?<\/h3>\n<p>The tentative listing of MTAR Technologies IPO is March 16.<\/p>\n<h3 style=\"font-size: 16px;\">Where could we check the MTAR Technologies IPO allotment?<\/h3>\n<p>One can check the subscription status on Kfin Technologies.<\/p>\n<h3 style=\"font-size: 16px;\">Who are the leading book managers to the issue?<\/h3>\n<p>Book running lead managers to the IPO are IIFL Holdings Limited &amp; JM Financial Consultants Private Limited.<\/p>\n<h3 style=\"font-size: 16px;\">What does MTAR Technologies do?<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/engineering\/mtar-technologies\/company-info\"><strong>MTAR Technologies<\/strong><\/a> is primarily engaged in the manufacturing of mission-critical precision components with close tolerance and in critical assemblies through its precision machining, assembly, specialized fabrication, testing, and quality control processes.<\/p>\n<h3 style=\"font-size: 16px;\">Who are the peers of MTAR Technologies?<\/h3>\n<p>All capital goods are peer to this company. But especially engineering companies like <strong><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/capital-goods-industrial-consumables\/engineering\/engineers-india\/company-info\">EIL<\/a><\/strong>, <strong><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/construction-infrastructure\/engineering-construction\/larsen-toubro\/company-info\">L&amp;T<\/a><\/strong> can be considered as peers to MTAR technologies.<\/p>\n<h3 style=\"font-size: 16px;\"><strong>What if I do not get the allotment?<\/strong><\/h3>\n<p>If not allotted then <strong><a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-moneyworks4me-pro\">subscribe to PRO<\/a><\/strong>.<\/p>\n<h2 style=\"font-size: 18px; background-color: #7e7d7d;\"><span id=\"recent-ipo\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">\u00a0Recent IPOs:<\/span><\/span><\/h2>\n<div id=\"footable_parent_15994\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent bootstrap3 \">\n                <table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"15994\" data-filter-delay=\"1000\" aria-label=\"recent ipo_01032021\"            id=\"footable_15994\"\n           data-unique_identifier=\"ninja_table_unique_id_3993196958_15994\"\n           class=\" foo-table ninja_footable foo_table_15994 ninja_table_unique_id_3993196958_15994 table  nt_type_ajax_table table-striped table-bordered table-hover table-condensed vertical_centered  footable-paging-right ninja_table_search_disabled\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n<p><strong>Know more:<\/strong>\u00a0<a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/ipo-historical-table\/\">Indian IPO Historic Data 2021<\/a><\/p>\n<p><strong>MoneyWorks4me Solutions:<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"Why invest in equity market using MoneyWorks4me PRO?\" width=\"770\" height=\"433\" src=\"https:\/\/www.youtube.com\/embed\/ZU5cUQenb7k?list=PL8UQs34ZcL8e-JmzAKe5a1L0YBSjwU3Sg\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>If you liked what you read and would like to put it into practice Register at MoneyWorks4me.com. 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And more<\/b><b>\u2026.<\/b><b>Puchho<\/b> <b>Befikar<\/b><\/span><\/p>\n<div class=\"puchhoBefikarIcon\"><img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/puchho-befikar-logo.png\" width=\"59\" height=\"46\" alt=\"\" title=\"\"><\/div>\n<p><b><i>Kyunki<\/i><\/b> <b><i>yeh<\/i><\/b> <b><i>paise<\/i><\/b> <b><i>ka<\/i><\/b> <b><i>mamala<\/i><\/b> <b><i>hai<br \/>\n<\/i><\/b><a href=\"https:\/\/www.youtube.com\/watch?v=iqqbuJbMlk4 \" target=\"_blank\" rel=\"noopener\">Why MoneyWorks4me<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=noAvmf2sUI8\" target=\"_blank\" rel=\"noopener\">Why Register<\/a> | Call: <a href=\"tel:+91 20 6725 8333\">020 6725 8333<\/a> | <a href=\"https:\/\/api.whatsapp.com\/send?phone=918055769463&amp;text=Need%20any%20help?\" target=\"_blank\" rel=\"noopener\">WhatsApp 8055769463<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MTAR Technologies IPO Details: IPO Date: March 3rd\u00a0to March 5th, 2021 Total Shares for subscription: ~1.04 Cr IPO Size: ~Rs. 596.4 Cr Lot Size: 26 shares Price Band: Rs. 574-575\/ share Market Capitalization: 1,656 Cr Recommendation:\u00a0Subscribe Purpose of MTAR Technologies Limited IPO To partly or fully repay the company&#8217;s borrowings. To fulfill working capital requirements. [&hellip;]<\/p>\n","protected":false},"author":2882,"featured_media":16001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1166,822],"tags":[141,1338,1339,1340,1341,1299],"modified_by":"MoneyWorks4me","_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/15993"}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/2882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=15993"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/15993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/16001"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=15993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=15993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=15993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}