MSTC Limited IPO description – MSTC Limited was incorporated in 1964 as a trading company to deal in the export of scrap.
In subsequent years, the company has grown into a large diversified, multi-product services and trading company.
It was a canalising agency for import of ferrous scrap until 1992 and established itself one of the leading e-commerce service providers in the country after de-canalisation. MSTC has also entered into the recycling business through a 50:50 joint venture with Mahindra Intertrade Limited (MIL) for setting up a shredding plant and collection centres across the country.
There are three main business verticals of MSTC – (i) E-commerce, (ii) Trading, and (iii) Recycling.
MSTC has emerged as a pioneer in the e-auction segment catering to the Government sector, partnering with different Government agencies and ministries in conducting e-Auctions.
It is one of the key players offering comprehensive range of services in e-procurement segment. With an experience of over 1,90,000 auctions, serving over 1,10,000 users as at 31 December 2018, it has emerged as the preferred service provider for various government and Government controlled entities, many of which are repeat customers.
MSTC LIMITED 2019 IPO LISTING GAINS & REVIEW.
Many of MSTC’s clients are engaging with it on a nomination basis based on the latter’s strong credentials in e-commerce vertical. It has conducted 28,600 auctions/events during Fiscal 2018 and 30,500 auctions/event for nine months period ended 31 December 2018.
Promoters of MSTC – The President Of India
|MSTC IPO details|
|Subscription Dates||13 – 20 March 2019|
|Price Band||INR120 – 128 per share (Retail, employee discount – INR5.50 per share)|
|Offer For Sale||17,670,400 shares (INR212.04 – 226.18 crore)|
|Total IPO size||17,670,400 shares (INR212.04 – 226.18 crore)|
|Minimum bid (lot size)||90 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|MSTC’s financial performance (in INR crore)|
|Profit after tax||(265.8)||133.4||(9.8)||(12.2)|
|Net margin (%)||(8.0)||7.1||(0.4)||(0.8)|
More about MSTC
MSTC Contact Details
Kolkata – 700 020, West Bengal
Phone: +91 033 22813088
Registrar of MSTC IPO
Alankit Assignments Limited
205-208, Anarkali Complex,
New Delhi – 110 055
Phone: +91 11 4254 1234
Fax: +91 11 4154 3474
Email: [email protected]
Valuation of MSTC (FY2018)
Earnings Per Share (EPS): (INR0.92)
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): (1.77%)
Net Asset Value (NAV): INR52.01 per share
MSTC IPO Subscription Details
|Category||Shares offered||Subscription (no.
|Day 1||Day 2||Day 3||Day 4||Day 5||Day 6|
MSTC Limited IPO Allotment Status
MSTC IPO allotment status is now available on Alankit Assignments’ website.
Click on this linkto get allotment status.
Listing Performance of MSTC Limited
IPO Opening Date: 13 March 2019
IPO Closing Date: 20 March 2019
Listing Date: 29 March 2019
Listing Price on NSE: INR115 per share (down 4.17% from IPO price of INR120)
Closing Price on NSE: INR113.8 per share (down 5.04% from IPO price of INR120)