Shares of MTAR Applied sciences on Monday made a blockbuster debut with a premium of 85 per cent in opposition to its subject worth of Rs 575. It listed at Rs 1,063.90, registering a achieve of 85 per cent from the problem worth on BSE. Later, it jumped 95.65 per cent to Rs 1,125.

On NSE, it debuted at Rs 1,050 – a premium of 82.60 per cent.

The corporate’s market valuation was at Rs 3,397.86 crore on BSE.

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The preliminary public providing (IPO) of MTAR Applied sciences was subscribed 200.79 occasions earlier this month.

The value band for MTAR Applied sciences Rs 597-crore IPO was at Rs 574-575 per fairness share.

The Hyderabad-based firm has precision engineering capabilities to construct nuclear and pressurised water reactors, aerospace engines, missile methods, plane parts and plenty of such different important parts and assemblies.

SEE ALSO:

The ₹600 crore IPO of defence parts maker MTAR is slated for subsequent week — worth band set at ₹574-575 per share

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