Page 2 - Mstc

MSTC's Rs 226-crore IPO subscribed 12% on second day of bidding

MSTC offers a discount of Rs 5.5 a share on the allotment price to the retail investors

MSTC Initial Public Offering subscribed 5% on Day 1, offer open till Friday

MSTC offers a discount of Rs 5.5 per share on the allotment price to retail investors

MSTC plans to raise Rs 226 crore at the upper band through IPO

MSTC will offer a discount of Rs 5.5 per share on the allotment price to retail investors. At the upper end of the price band, the IPO size would be Rs 226 crore

State-run MSTC plans to raise Rs 226 crore through initial public offering

The company has fixed the price band of Rs 121128, and has proposed to offload 1.76 crore shares or 25 percent of total paid-up equity, through the initial stake sale

MSTC mulls 10% fresh equity issue after govt plan to dilute 25% stake

MSTC has been expanding its areas of e-commerce and online auction, including ferrous and non-ferrous materials. It is also holding e-auctions for mines as well as agri-products

MSTC set to launch forward trading in niche horticulture products

The government owned mini-ratna MSTC Ltd is planning to launch forward trading in niche horticulture products to support its recently launched nationwide electronic portal - eRaKAM.The online trading platform which primarily deals in foodgrains, vegetables, fruits, spices and all agriculture related commodities and connects farmers directly with consumers, is all set to launch forward trading in pineapple and mango among a number of other such commodities to make the platform successful. The Union Food Minister Ram Vilas Paswan, had last week said that around 2 million tonnes of pulses procured by the Food Corporation of India (FCI), would be auctioned on eRaKAM to begin with.MSTC, however, does not feel the need to get a regulatory approval for launching the forward trading as it is proposing it in horticulture commodities speciallly perishable commodities which are not traded in futures segment. It may be mentioned here that the markets regulator the Securities and Exchange Board of

MSTC 'Metal Mandi' to go live by September

The firm is currently holding road-shows to incite interest of buyers and suppliers for the e-trading platform