It looks good for listing gains that too because of current euphoric markets. Also quite surprised by gmp 200. I won''t go long in this. For me sell on listing.
Considering the current grey market premium which is around 30% and the bullish phase in the overall market you can expect MTAR IPO to list at a good premium on listing day. Further the premium will vary based on the overall subscription of the IPO.
So considering the current scenario one should definitely go for MTAR IPO for listing gains.
PRICE BAND- 574 TO 575 FORMS RESERVED FOR RETAIL INVESTORS 1,39,628 (35 % OF ISSUE RESERVED ) EXPECTED NUMBER OF FORMS 25,00,000 (25 LAKHS APPLICATION) OVER-SUBSCRIPTION EXPECTED 17.90 X (FORMS WISE OR APPLICATION WISE) CHANCES OF ALLOTMENT 5.58 %
Apply with full force. Exit with handsome listing gain
Majority clients are govt. companies. Last 3 years Revenue growth n Pat not looks exciting. But as market is in bullish mode, in this ipo euphoria this also will sail through.
@ Newrookie After fresh issue of 21 Lakh shares and OFS of 82 Lakh shares if it becomes 53.39 then we can say promoter stake is less.Ideally 65-70% is considered good for investment.