MSTC IPO Dates, Review, Price Band & Market Lot Details

Vijay Prajapati
February 4, 2019

Vijay Prajapati

MSTC Limited is a mini ratna e-commerce firm promoted by The Government of India. The company to dilute stake by selling 1.76 crore equity shares through offer for sale. The company works under Ministry of Steel. MSTC provides e-commerce related services like e-auction/e-sale, e-procurement services and development of customized software and solutions. The company incorporated in 1964 as a trading company. They entered into the recycling business 50:50 JV with Mahindra Intertrade Limited (MIL). The major three business of the company are e-commerce, trading, and recycling.

MSTC IPO Review:

Good for Long Term

MSTC IPO Dates & Price Band:

IPO Open: 13-March-2019
IPO Close: 20-March-2019
IPO Size: Approx Rs. 226 Crore (Approx)
Face Value: Rs.10 Per Equity Share
Price Band: Rs.120 to 128 Per Share
Listing on: BSE & NSE
Retail Portion: 10%
QIB Portion: 75%
HNI Portion: 15%
Equity: 17,670,400 Shares
Discount: Rs.5.50 for Retail & Employee

MSTC IPO Market Lot:

Shares: Apply for 90 Shares (Minimum Lot Size)
Amount: Rs.11520 (For QIB & HNI)
Amount: Rs.11025 (For Retail & Employee)

MSTC IPO Allotment & Listing:

Basis of Allotment: 25-March-2019
Refunds: 26-March-2019
Credit to demat accounts: 28-March-2019
Listing: 29-March-2019

Read Also
IPO Grey Market Premium
IPO Subscription Numbers
IPO Listing Date

MSTC Financial:

Rs. in Crore
	Revenue	Expense	PAT
2015	–	–	–
2016	3308	3308	265.8
2017	1876	1693	133
2018	2793	2758	9.8
2019 (H1)	1492	1450	12.2

Company Promoters:

THE PRESIDENT OF INDIA ACTING THROUGH THE MINISTRY OF STEEL, GOVERNMENT OF INDIA

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

MSTC IPO Registrar:
Alankit Assignments Limited
05-208, Anarkali Complex,
Jhandewalan Extension
New Delhi -110 055
Tel: +91-11-4254-1951/+91-22-4348-1200
E-mail: [email protected]/ [email protected]
Investor Grievance E-mail: [email protected]
Website: www.alankit.com
Contact Person: S. Arunraj/Sachin Gupta
Note: Check MSTC ipo allotment status on Linkintime website allotment url. Click Here

MSTC IPO Lead Managers:

Equirus Capital Private Limited

Company Address:
MSTC Limited
225-C, A. J. C. Bose Road,
Kolkata – 700 020, West Bengal
Contact Person: Ajay Kumar Rai
Company Secretary and Compliance Officer
Tel: +91-033-2281-3088
Email: [email protected]
Website: www.mstcindia.co.in

Note: The ipo price band and dates will be added as it will be officially announced. The ipo grey market premium (ipo gmp) will be added on the grey market page as it will start)

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