MSTC Limited IPO

Add to Calendar 2019-03-13 12:00 AM 2019-03-20 12:00 AM Asia/Kolkata MSTC Limited IPO MSTC Limited India

MSTC Limited is a unit of Government of India involved in offering diversified e-commerce services including e-auction, e-sale, e-procurement and varied software development related solutions. It is headquartered in Kolkata and has implemented over 1,90,000 auctions across more than 1,10,000 users. It has managed to conduct 30,500 auctions in nine months frame ended on December 2018.

Date of Incorporation: The company was incorporated as “Metal Scrap Trade Corporation Limited” in Kolkata on 9th September 1964. Subsequently, it was renamed to “MSTC Limited” on 9th November 1994.

Promoters of the Company: The President of India acting on behalf of Ministry of Steel, Government of India are the promoters of MSTC Limited.

Product and Service Offerings: The Company offers Services across:

  • - E-Commerce: e-auction/e-sale, e-procurement and retail software.

  • - Trading: cash and carry model, 110

Issue Detail

  • Issue Open: Mar 13, 2019
  • Issue Close: Mar 20, 2019
  • Issue Type: Book Built Issue
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 121 - Rs 128 Per Equity Share
  • Bid Lot:90 Shares
  • Minimum Order Quantity:90 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 226.18 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 13,200,000 2,640,000 1,760,000 70,400 - 17,670,400
Day 1 - Mar 13, 2019IST 0.00x 0.01x 0.44x 0.13x - 0.05x
Day 2 - Mar 14, 2019IST 0.00x 0.08x 1.05x 0.51x - 0.12x
Day 3 - Mar 15, 2019IST 0.79x 1.69x 2.69x 1.44x - 1.12x
Day 4 - Mar 18, 2019IST 0.79x 1.69x 2.80x 1.47x - 1.13x
Day 5 - Mar 19, 2019IST 0.85x 1.69x 2.85x 1.50x - 1.18x
Day 6 - Mar 20, 2019IST 1.13x 2.15x 2.95x 1.54x - 1.46x

Listing Day Trading Information

Issue Price - -
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Frequently Asked Questions

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