MTAR IPO subscribed 200 times

Hyderabad based defence equipment maker MTAR Technologies IPO was subscribed 200 times on it's last day. 

MTAR Tech

About the company 

• Hyderabad based, founded in 1970
• Maker of nuclear, defence and aerospace equipment
• Order book of of Rs 334 crore
• ISRO, DRDO, Nuclear Power Corporation of India key clients 

As per analysts  share allotment is likely to be finalised on March 10 and listing is likely on March 16.