MTE Structures IPO

About MTE Structures IPO

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include up to 37,06,000* equity shares of face value of ₹10 each aggregating to ₹ [●] crores. The offer for sale portion includes up to 6,54,000* equity shares of face value of ₹10 each aggregating to ₹ [●] crores. The total number of shares is up to 43,60,000 while the aggregate amount is yet to be finalised.

*Subject to finalisation of Basis of Allotment.

The MTE Structures IPO opens on XX and closes on YY. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

MTE Structures is a trusted manufacturer of high-quality solar mounting systems, committed to delivering innovative, durable, and sustainable solutions for the solar energy sector. They serve a wide range of clients across India. Their product portfolio is categorised into Roof Systems and Ground Mounted Systems, each designed to withstand extreme weather conditions like heavy snow, thick ice, high winds, sandstorms, and seismic activities, ensuring long-term durability and reliability.

Objectives of MTE Structures

• Funding the working capital requirements of the company.
  
• General corporate purposes.
  

Industry Outlook

The Indian solar panel mounting structure market is set to witness sustained growth due to rising solar energy adoption, favourable government policies, and increasing investments in renewable energy projects. The growing shift toward rooftop solar installations and utility-scale projects will drive industry expansion.

By 2025, the industry is expected to reach USD 27.69 crores, driven by increased deployment in commercial and residential sectors. Maintaining a CAGR of 11.3%, the industry is projected to hit USD 80.74 crores by 2035. The emphasis on net-zero carbon goals and continued policy support will sustain long-term industry growth.

MTE Structures Company Information

MTE Structures is engaged in the manufacturing of specialised solar panel mounting structures and provides solar mounting solutions. They manufacture two types of solar mounting structure systems which are roof systems and ground-mounted systems. They have extensive experience in the solar panel mounting structure industry, providing advanced solutions tailored for commercial and utility-scale projects.

They are exclusively engaged in the manufacturing of solar mounted structures, enabling them to channel all their resources, expertise, and innovation toward this rapidly expanding solar industry. This focused approach positions them in their industry dedicated to the solar domain, thereby making them a natural beneficiary of the sector’s robust growth trajectory and the strong policy support for renewable and green energy initiatives.

Strengths of MTE Structures

• Their manufacturing operations are sufficiently advanced, with in-house design, engineering, order management and sales and marketing skills.
• Diverse customer base and long-standing relationships with customers.
• Demonstrated financial performance and status of their order book.
• Experienced and qualified promoters and management team.

Risks of MTE Structures

• Any decline in the demand for Ground Mounted Structures.
• Increases in the prices of raw materials.
• Any adverse developments affecting their operations in Gujarat and Maharashtra.
• Any interruption in the availability of raw materials.
• Interest rate fluctuations.

Anchor Investor Bidding Date: TBA

Registrar: MUFG Intime India Private Limited Book Running Lead Managers: GYR Capital Advisors Private Limited

MTE Structures Business Model

The company earns its revenue through the following: Manufacturing specialised solar panel mounting structures and providing solar mounting solutions. They manufacture two types of solar mounting structure systems which are roof systems and ground-mounted systems.

MTE Structures Growth Trajectory

The total income of MTE Structures for fiscal 2025 was ₹194.51 crores against a total income of ₹121.01 crores for fiscal 2024.

Their revenue from operations for fiscal 2025 was ₹193.88 crores against revenue from operations of ₹120.81 crores for fiscal 2024.

Their profit after tax for fiscal 2025 was ₹13.43 crores against a profit after tax of ₹4.86 crores in fiscal 2024.

Their EBITDA increased from ₹7.00 crores in fiscal 2024 to ₹18.81 crores in fiscal 2025.

MTE Structures Market Position

MTE Structures’ operations span across multiple regions, supported by regional expertise and localised supply chains. They have developed a reputation as a reliable provider of solar mounting solutions, fostering strong partnerships with clients across diverse markets.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹194.505 crores, ₹13.434 crores, and ₹18.808 crores, respectively.

How to check the allotment status of MTE Structures IPO?

1. Visit the Registrar's Website

To check the IPO allotment status for MTE Structures IPO, visit the official website of MUFG Intime India Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
• Choose 'MTE Structures' in the next dropdown
• Enter your application number
• Enter your PAN
• Click 'Search'

Your MTE Structures IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check MTE Structures IPO allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your MTE Structures IPO bid and allotment details will be displayed.

How to apply for MTE Structures IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.