Business Standard

MSTC Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

211.04 cr

Price Range (₹)

120

Lot Size

90

Min Investment (₹)

10,800.00

Listing Exchange

MumbaiNSE

Open Date

13-Mar-2019

Close Date

20-Mar-2019

Listing Date

29-Mar-2019

MSTC Ltd News

    The Shares of MSTC Ltd have now been listed.

    MSTC Ltd IPO Details

    Initial public offering of 17,670,400 equity shares of face value of Rs. 10 each (equity shares) of MSTC Limited (the company) through an offer for sale by the President of India, acting through the ministry of steel, Government of India (the selling shareholder) for cash at a price* of Rs. 120 per equity share (the offer price), aggregating to Rs. 211.04 Crores (the offer), The offer Includes a reservation of up 70,400 equity share aggregating to Rs. 0.81 Crores for subcription by eligible Employees for allocation and allotment on a proportionate basis to the eligible employees (as defined below), (employee reservation portion). The offer less employee reservation portion, if any, is referred to as the net offer. will constitute 25.10% and 25% of the post-offer paid-up equity share capital of the company respectively.Offer Price: Rs.120 per equity share of face value of Rs.10 each.The Offer Price is 12 times of the face value of the equity shares.*A discount of Rs. 5.50 per equity share on the offer price may be offered to the retail individual bidders (retail discount) and a discount of Rs. 5.50 per equity share on the offer price may be offered to the eligible employees bidding in the employee reservation portion (employee discount).

    Objective of issue

    To carry out the Disinvestment of (*) shares by the selling shareholder in the company constituting (*) of the company's pre-offer paid up share capital. Listing the Equity Shares on the Stock Exchanges.

    MSTC Ltd Contact Details

    MSTC Ltd, 205/208, Anarkali Market, Jhandewalan Extn, New Delhi - 110055

    Phone - 91-011-42541965/42541953

    Fax - 91-011-41540064

    Email - cosec@mstcindia.co.in

    Website - www.mstcindia.co.in