MTAR IPO subscribed 200 times

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

The Hyderabad based precision engineering solutions company MTAR Tech was founded in 1970. It is the maker of nuclear, defence and aerospace equipment. With an order book of over 300 cr rupees it boasts of clients suck as DRDO, ISRO and Nuclear Power Corporation of India. 

As per analysts share allotment of the MTAR Tech IPO is likely to be finalised on March 10 and listing is likely on March 16.