MSTC IPO is a public sector unit (PSU) involved in the trading of bulk raw material and e-commerce service provider to government and is all set to make a debut in the stock market with an issue size of 212.04 Cr.
MSTC IPO – Overview
| Issue Date | 13-20 March 2019 |
| IPO Opening Date | 13 March 2019 |
| IPO Face Value | INR 10 per share |
| IPO Price | INR 128 per share |
| IPO Lot Size | 90 Shares |
| Issue Size | 212.04 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 1.13 times |
| NII (HNI) Shares | 2.15 times |
| Company Promoters | The Promoter of the company is the President of India, acting through the MoS. The Promoter currently holds 89.85% of the pre-Offer paid-up Equity Share capital of the Company. |
MSTC IPO -Tentative Dates
| IPO opening date | 13 March 2019 |
| IPO closing date | 20 March 2019 |
| Basis of Allotment | 25 March 2019 |
| Initiation of Refunds | 26 March 2019 |
| The credit of Shares to Demat | 28 March 2019 |
| IPO Listing Date | 29 March 2019 |
Industry Overview.
Technology, financial services, media & entertainment, Telecom, and Pharma R&D are expected to employ approximately 3.1 mn additional people by 2022 leading to an additional 250 MSF of office space demand in India. Sector breakdown of this projected office.
Company Overview
MSTC Limited is a public sector unit (PSU) involved in the trading of bulk raw material and e-commerce service provider to government and government-controlled entities.
The company was previously a canalizing agency (an enterprise created specifically to import and/or export of ferrous scrap) until 1992. After de-canalization it established itself as an e-commerce service provider and a major player in trading of bulk raw material.
MSTC IPO-Objectives
- Carry out the disinvestment of Equity Shares by the Selling Shareholder in the company.
- Achieve the benefits of listing Equity Shares on the Stock Exchanges.
MSTC – Financial Statements
| Particulars | 31-Sept-18 | 31-Mar-18 | 31-Mar-17 |
| Total Assets | 42,566.28 | 47,378.56 | 45,998.14 |
| Total Revenue | 14,915.50 | 27,931.50 | 18,762.00 |
| Profit After Tax | 158.84 | 64.81 | 1,391.50 |
IPO- Strengths
- One of the leading PSU provides e-commerce services.
- Diversified customer portfolio.
- The active client base of government and government-controlled entities.
- Preferred service provider for conducting e-auctions for government bodies.
Company Contact Information
MSTC Limited
225-C,
A. J. C. Bose Road
Kolkata – 700 020
Phone: +91-033-2281-3088
Email: cosec@mstcindia.co.in
Website: http://www.mstcindia.co.in/
MSTC IPO Registrar
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: sarunraj@alankit.com
Website: https://www.alankit.com/
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