Monday, February 04, 2019

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

 Monday, February 04, 2019  
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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
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:
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]
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]

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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