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Open
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Close
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Allotment
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Listing
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Issue Size
43,60,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| IC Electricals Co.Ltd. | SME | ₹47.91 Cr | ₹99 | 9.42 | ₹174.30 | +76.06% | ₹159.60 (-7.24%) |
| Vivid Electromech Ltd. | SME | ₹130.54 Cr | ₹555 | 19.2 | ₹563.05 | +1.45% | ₹1,315.00 (+4.49%) |
| INDO SMC Ltd. | SME | ₹91.95 Cr | ₹149 | 16.1 | ₹154.80 | +3.89% | ₹448.60 (+5.00%) |
| Sugs Lloyd Ltd. | SME | ₹85.66 Cr | ₹123 | 11.91 | ₹125.85 | +2.32% | ₹132.00 (-2.00%) |
| Parth Electricals & Engineering Ltd. | SME | ₹49.67 Cr | ₹170 | 18.05 | ₹182.70 | +7.47% | ₹470.70 (-1.60%) |
| Fujiyama Power Systems Ltd. | Mainboard | ₹828.00 Cr | ₹228 | 40.85 | ₹208.44 | -8.58% | ₹383.80 (+2.39%) |
| Emmvee Photovoltaic Power Ltd. | Mainboard | ₹2,900.00 Cr | ₹217 | 34.9 | ₹219.40 | +1.11% | ₹331.00 (+3.46%) |
| Saatvik Green Energy Ltd. | Mainboard | ₹900.00 Cr | ₹465 | 24.35 | ₹440.70 | -5.23% | ₹440.55 (+0.92%) |
| Mangal Electrical Industries Ltd. | Mainboard | ₹400.00 Cr | ₹561 | 24.31 | ₹535.35 | -4.57% | ₹284.65 (-1.35%) |
| Vikram Solar Ltd. | Mainboard | ₹2,079.37 Cr | ₹332 | 75.16 | ₹356.40 | +7.35% | ₹182.80 (-0.63%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 4.00 |
| 2 | General corporate purposes |
About MTE Structures IPO
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: The manufacturing operati
Contact Details
MTE Structures Ltd. AddressPlot No. 1063,Canal Road, ManjusaSavliVadodara, Gujarat, 391775+91-635486931cs@mtegroup.inVisit Website