MSTC Limited IPO


MSTC Limited is a Kolkata based Public Sector Unit (PSU) which was established in 1964. The company is engaged in the trading of bulk raw materials and also acts as an e-commerce service provider to government and its entities. ...Till 1992, MSTC acted as a canalizing agency (an enterprise created specifically to import and/or export of ferrous scrap). In 1992, the company was de-canalized and stared acting as an e-commerce service provider.
The 3 main business verticals in the company are:
(i) E-commerce
(ii) Trading of bulk raw material
(iii) Recycling through MMRPL.
The company is promoted by the President of India. The Promoter currently (Pre-Issue) holds 89.85% share in MSTC.
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MSTC IPO Profile
Issue Open Date Mar 13, 2019
Issue Close Date Mar 20, 2019
Issue Size (Rs cr) 17,670,400 Eq Shares of Rs.10 (aggregating up to Rs.212.04 Cr)
Issue Price Rs.120 to Rs.128 Per Equity Share
Listing on BSE, NSE
Issue Type Book Built Issue IPO
Issue Lot Size 90
Minimum Lots 1
Maximum Lots 17
Retail Discount Rs. 5.50
Employee Discount Rs. 5.50
QIB atleast 13,200,000 Equity Share
NII atleast 2,640,000 Equity Share
EMP atleast 70,400 Equity Share
RII atleast 1,760,000 Equity Share
Book Value -
Face Value Rs.10 Per Equity Share
Share Holding Patern

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IPO Over / Undersubcription
Date Issue Price Issue Size (Rs Cr) QIB NII RII EMP Total
Mar 20, 2019 120 - 128 212.04 Cr 13x 15x 95x 54x 46x
MSTC IPO Registerar and Lead Managers
Alankit Assignments Ltd
Alankit House 2E/21, Jhandewalan Extension, New Delhi - 110055
  • - Equirus Capital Private Limited
Company Services
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