MSTC Limited IPO details – Date, Price, Size, Allotment Status, Subscription & Reviews

MSTC Limited will come soon in the stock exchange platform further to trade in Secondary Market. Investors can fetch all IPO related information like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for Mar 13, 2019 with a price band of Rs. 121- Rs.128 per equity share. The lot size of applying the IPO is for 90 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

The company was incorporated  on September 9, 1964 at Kolkata, India. It is mainly a trading company which regulates regular shipment of scraps. It is famous as a large diversified, multi products services and trading company. The company offers and facilitates bulk raw material and e- commerce services to government and government controlled entities. Initially, it was running a canalising agency to import of ferrous scrap until 1992. Later, it has established itself as a leading e-commerce service providers in India and played a significant role to trade of bulk raw materials. Further, the firm adopted the recycling  business through 50:50 joint venture with MIL so that it can set and run a shredding plant. It has set up various collection centers in the country.

The functions of firm are divided into three parts as mentioned:-

1. A) E-Commerce:- Here, it is offering e-auction/e-sale, e-procurement services and development of customized software/solutions to the PSU entity.
2. B) Trading:- Here, it is engaged in trading like sourcing, purchase and sale of industrial raw materials like low ash metallurgical coke, HR coil, naptha, crude oil, coking coal, steam coal, line pipes etc.
3. C) Recycling through MMRPL :- The purpose to set up one of the organized state of the art auto shredding plant in India so that the company can recycle ELVs and other white goods by converting these into shredded scrap.

Positive Outlook of the Firm:-

1. A famous PSU entity offering e-commerce services to customers in a fair way without any risk,
2. Manage a virtual marketplace for any physical commercial activity further to help stakeholders,
3. Experties to provide e-commerce services to its customers;
4. Acknowledge strong and advance technology platform;
5. Highly qualified and experienced working employees and management team.

Objects Of The Issue:-

Below are the objects of the issue:-

1. To carry out the disinvestment of Equity Shares by the Selling Shareholders in the firm,
2. To get advantage of listing shares on the exchange,

The firm will not get any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

Summary Of Issue:

(*) indicates to be updated

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MSTC Limited IPO Subscription Details

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Promoters Of the Company:-

President Of India, acting through MoS.

Financials:- 

Financials:- (Restated Consolidated Financial Record)