MSTC Limited Profile
MSTC Limited is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India. The government of India has 89.85% shareholding in the company. MSTC was incorporated as “Metal Scrap Trade Corporation Limited”, under the provisions of the Companies Act, 1956 on September 9, 1964, at Kolkata. MSTC was granted the certificate of commencement of business on April 12, 1965, by the RoC.
MSTC is one of the top PSU entity involved in providing e-commerce related services across diversified industry segment. They provide e-auction/e-sale, e-procurement services and development of customized software/solutions. They have developed as a pioneer in the e-auction segment catering to the Government sector, partnering with different Government agencies and ministries in conducting e-Auctions. They are one of the key players offering a comprehensive range of services in e-procurement segment.
They were a leading agency for import of ferrous scrap until 1992. After de-canalization, MSTC has established itself as one of the key players in the trading bulk raw material. The Trading division is involved in import as well as domestic sourcing of majority industrial raw material for actual users as well as traders. This division takes care of sourcing, purchase, and sale of engineering raw materials like low ash metallurgical coke, HR coil, naptha, crude oil, coking coal, steam coal, line pipes etc. on behalf of their customers. They are mainly catering to customers across steel, oil and gas, power sectors in the private and public sector.
MSTC Limited Promoters:
The Promoters of the Company are: The President of India
MSTC Limited IPO details:
Symbol: MSTC
Issue Size: Initial Public offer of Up to 17,670,400 Equity Shares
Face Value: Rs 10
Price Range: Rs 121 to Rs 128
Issue Type: 100% Book Building
Bid Lot: 90 Equity Shares and in multiples thereof
Minimum Order Quantity: 90 Equity Shares
Issue Period: 13 March 2019 to 15 March 2019
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Registrar: Alankit Assignments Limited
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
MSTC Limited Financials:
| MSTC’s financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | H1 FY2019 | |||
| Total revenue | 3,307.8 | 1,876.2 | 2,793.2 | 1,491.6 | ||
| Total expenses | 3,501.7 | 1,692.9 | 2,758.4 | 1,450.1 | ||
| Profit after tax | (265.8) | 133.4 | (9.8) | (12.2) | ||
| Net margin (%) | (8.0) | 7.1 | (0.4) | (0.8) | ||
MSTC Limited IPO Subscription Details:
| Category | Shares offered | Subscription (no. of times) | ||
| Day1 | Day 2 | Day 3 | ||
| QIB | 13,200,000 | 0.00 | 0.00 | 079 |
| NII | 2,640,000 | 0.00 | 0.08 | 1.69 |
| Retail | 1,760,000 | 0.13 | 1.05 | 2.78 |
| Employees | 70,400 | 0.04 | 0.50 | 1.44 |
| Total | 17,670,400 | 0.01 | 0.46 | 1.12 |
MSTC IPO Grey Market Price, Rates, GMP Premium
MSTC IPO Grey Market Premium (GMP) as on 22 March 2019 today is Rs.10 with Kostak at Rs 250.
MSTC IPO Grey Market Premium (GMP) as on 21 March 2019 is Rs.10 with Kostak at Rs 250.
MSTC IPO Grey Market Premium (GMP) as on 20 March 2019 is Rs.10 with Kostak at Rs 250.
MSTC IPO Grey Market Premium (GMP) as on 19 March 2019 is Rs.10 with Kostak at Rs 250.
MSTC IPO Grey Market Premium (GMP) as on 18 March 2019 is Rs.10 with Kostak at Rs n/a.
MSTC IPO Grey Market Premium (GMP) as on 17 March 2019 is Rs.10 with Kostak at Rs n/a.
MSTC IPO Grey Market Premium (GMP) as on 16 March 2019 is Rs.10 with Kostak at Rs n/a.
MSTC IPO Grey Market Premium (GMP) as on 15 March 2019 is Rs.10 with Kostak at Rs n/a.
MSTC IPO Grey Market Premium (GMP) as on 14 March 2019 is Rs.10 with Kostak at Rs n/a.
MSTC IPO Grey Market Premium (GMP) as on 13 March 2019 is Rs.30 with Kostak at Rs n/a.
MSTC IPO Grey Market Premium (GMP) as on 12 March 2019 is Rs.30 with Kostak at Rs n/a.
MSTC IPO Grey Market Premium (GMP) as on 11 March 2019 is Rs.30 with Kostak at Rs n/a.
MSTC Limited Allotment Status:
MSTC Limited IPO Allotment Date: 20 March 2019
MSTC Limited IPO Listing Date: 26 March 2019
You can check your allotment status using your PAN number.
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