Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
MTE Structures Ltd. IPO is a Book Build Issue of 0.44 crore equity shares consisting of a fresh issue of upto 0.37 crore equity shares and an offer for sale (OFS) of upto 0.07 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to MTE Structures IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 43,60,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 37,06,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 6,54,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Oct 31, 2025 |
| SEBI/Exchange approval received | Tue, Jan 20, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in October 2020, MTE Structures Ltd. manufactures specialised solar panel mounting structures and offers solar mounting solutions, producing roof and ground-mounted systems. With extensive experience, it provides advanced solutions for commercial and utility-scale projects.
The company exclusively manufactures solar-mounted structures, focusing all resources and expertise on the growing solar industry. This positions us as a dedicated player benefiting from the sector’s growth and policy support for renewable energy.
The company's product portfolio includes Roof Systems and Ground Mounted Systems, built to withstand extreme weather like heavy snow, ice, high winds, sandstorms, and seismic activity, ensuring long-term durability. These serve as foundation systems for various solar projects by EPC contractors. Based on site and design needs, they are adapted into six practical applications — Flat Roof, Pitched Roof, Non-Penetrative Roof, Fixed Tilt, Seasonal Tilt, and Agrovoltic structures — which are variants rather than separate products.
As of September 2025, the company employed 116 staff members in various departments.
Competitive Strength:
MTE Structures Ltd.'s revenue increased by 61% and profit after tax (PAT) rose by 176% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 85.74 | 72.85 | 33.77 | 20.26 |
| Total Income | 47.99 | 194.51 | 121.01 | 67.23 |
| Profit After Tax | 4.00 | 13.43 | 4.86 | 2.24 |
| EBITDA | 5.76 | 18.81 | 7.00 | 3.38 |
| NET Worth | 26.19 | 22.19 | 8.76 | 3.90 |
| Reserves and Surplus | 13.29 | 9.29 | 8.61 | 3.75 |
| Total Borrowing | 32.84 | 22.16 | 14.56 | 9.44 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 4.00 |
| 2 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 86.80% |
| ROCE | 41.10% |
| Debt/Equity | 1.00 |
| RoNW | 60.52% |
| PAT Margin | 6.93% |
| EBITDA Margin | 41.10% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.03% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | |
| 2 | Underwriting Fees | |
| 3 | Fees payable to the Market maker to the Issue | |
| 4 | Fees payable to the Registrar to the Issue | |
| 5 | Fees payable for Advertising and Publishing Expense | |
| 6 | Fees payable to Regulators including Stock Exchange & Depositories | |
| 7 | Payment for Printing & Stationary, Postage etc | |
| 8 | Fees payable to statutory auditors, Legal Advisors & other Professionals | |
| 9 | Other Expense |
Lead Manager Reports
MTE Structures IPO is a SME IPO of 43,60,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The MTE Structures IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in MTE Structures IPO using UPI as a payment gateway. Zerodha customers can apply in MTE Structures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MTE Structures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MTE Structures IPO dates are not announced. Please check back again after some time.
MTE Structures IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in MTE Structures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for MTE Structures IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MTE Structures IPO allotment status.
The MTE Structures IPO listing date is not yet announced. The tentative date of listing is .
