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MSTC IPO Subscribed 1.46 times; QIB 1.13, HNI 2.15 & RII 2.95 times

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MSTC IPO to hit the market on 13 March 2019 and closes on 20 March 2019.  The company is an PSU working under government. As per the financial results they are making loss for last few years. Another loss making company from government coming up in the market but still there might be hope for the investors as gmp is active for the MSTC IPO. Still there is few things to check before investing in the company. Investors should wait for 2 days after go for subscription till gmp stable and subscription numbers come out. Check MSTC ipo gmp by day to day.

MSTC IPO Subscription Numbers (Fully Subscribed)

CategoryDay 4Day 5Day 6

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
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