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

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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
    RevenueExpensePAT
    2015
    201633083308265.8
    201718761693133
    2018279327589.8
    2019 (H1)1492145012.2

    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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