MTE Structures Ltd. IPO Details
MTE Structures was incorporated on October 06, 2020. The company manufactures specialized solar panel mounting structures and provides mounting solutions for both rooftop and ground-mounted solar systems. Its products cater to commercial and utility-scale solar projects, focusing on durability, cost efficiency, and adaptability to support India’s growing renewable energy sector
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 4.4 M | - | - | ₹0 | DRHP DOC |
MTE Structures issue details
MTE Structures has 4.4 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
MTE Structures IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | BSE |
MTE Structures NUMBER OF SHARES ON OFFER
MTE Structures FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 47.7 | 4.0 | -9.0 | -10.9 | 12.0% |
| FY25 | 193.9 | 13.4 | 1.2 | -4.7 | 9.7% |
| FY24 | 120.8 | 4.9 | -3.7 | -5.5 | 5.8% |
| FY23 | 67.2 | 2.2 | -0.6 | -1.6 | 5.0% |
MTE Structures INFORMATION ON IPO ISSUE
About MTE Structures
MTE Structures was incorporated on October 06, 2020. The company manufactures specialized solar panel mounting structures and provides mounting solutions for both rooftop and ground-mounted solar systems. Its products cater to commercial and utility-scale solar projects, focusing on durability, cost efficiency, and adaptability to support India’s growing renewable energy sector
Object of the Issue
- Funding working capital requirements of the company
- General corporate purposes
MTE Structures - PROMOTERS
| Name |
|---|
| Hiren Arvindbhai Patel |
| Janak Bharat Amin |
| Tejaskumar Patel |
MTE Structures - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Hiren Arvindbhai Patel | Managing Director |
| Janak Bharat Amin | Whole Time Director |
| Tejaskumar Patel | Whole Time Director |
| Bipinkumar Sureshbhai Thakkar | Non-Executive Independent Director |
| Mamta Kalra | Non-Executive Independent Director |
| Bhavikaben Jitendrakumar Patel | Non-Executive Independent Director |
MTE Structures Book Running Lead Manager
Gyr Capital Advisors Private Limited
mte.ipo@gyrcapitaladvisors.in
MTE Structures Registrar to the Offer
Mufg Intime India Private Limited
mtestructures.smeipo@in.mpms.mufg.com
MTE Structures Strengths
Integrated operations capability
The company operates with a fully integrated setup that includes in-house design, engineering, order management, and sales and marketing. With a skilled engineering team and modern production techniques, it manages the complete production lifecycle—from concept and design to delivery
Diverse customer relationships
The company has built a broad and diversified customer base across industries, including solar energy developers and infrastructure companies. Its long-term relationships are driven by consistent delivery quality, timely project execution, and reliable service
Order book growth
The company’s growing order book reflects steady demand and strong project execution. Confirmed orders have increased nearly threefold from FY23 to FY25. This expansion demonstrates its ability to win repeat and new contracts, highlighting customer trust, consistent performance, and long-term revenue visibility
MTE Structures Risks
Revenue concentration
A significant portion of the company’s operational revenue comes from ground-mounted structures. Any reduction in demand for these products may adversely impact its business performance, revenue, and profitability
Customer dependency risk
The company relies on a limited number of customers for a large share of its sales. Losing any major customer could negatively affect its revenue, profitability, and overall business stability
Raw material price risk
Fluctuations in the prices of key raw materials such as steel coils, aluminium, and other consumables may increase production costs and adversely impact margins and financial performance
IPO FAQs
The promoters of the company are Hiren Arvindbhai Patel, Janak Bharat Amin and Tejaskumar Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.