MSTC Limited IPO Biding Information

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MSTC Limited

MSTC Limited; Incorporated in 1964 as a trading company to deal in the export of scrap, it has grown into a large diversified, multi-product services and trading Company. They were a canalising agency for import of ferrous scrap until 1992. After de-canalisation the Company has established itself as one of the leading e-commerce service providers in the country and also is one of the major player in trading of bulk raw material. The Company has also entered into the recycling business through a 50:50 joint venture with MIL for setting up a shredding plant and collection centres across the country. In a synopsis, it can be stated that there are three main business verticals in the Company which are namely, (i) E-commerce, (ii) Trading, and (iii) Recycling through MMRPL. 

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]
MSTC Limited IPO Brief
Issue Opens 13 Mar 19 Price Band : 121 - ₹128
Issue Closes 15 Mar 19 Bid Lot 90 Shares
Listing At BSE, NSE

Number of Times Issue is Subscribed (BSE + NSE)

Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed
Qualified Institutional Buyers(QIBs)* 26400000 10427850 0.7858
Non Institutional Investors 5280000 4454100 1.6915
Retail Individual Investors(RIIs) 3520000 4885740 2.7776
Employee Reservation 140800 101700 1.4432

Total No.of Application Approx : ~

Retail Subscription on the basis of Apps :

Issue Terms

Issue price / Floor Price (Rs) 121-128
Application per share (Rs) 128
Minimum bid (no of shares) 90
Maximum Shares for Retail 90

Issue Date and Sizes

Issue opens 13 Mar 19
Issue closes 15 Mar 19
Listing on 29 Mar 19
Issue size (Rs cr) 226


  • When is MSTC Limited IPO coming?

    The MSTC Limited IPO opens on 13 Mar 19 and closes on 15 Mar 19.

  • What is MSTC Limited IPO timetable?

    MSTC Limited IPO tentative timelines are as below.

    • Public Issue Open: 13 Mar 2019
    • Public Issue Close: 15 Mar 2019
  • What is MSTC Limited IPO closing time?

    MSTC Limited IPO will close for subscription at Mar 15, 2019 12:00:00 AM.


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