MSTC Limited IPO Details

MSTC Limited is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India. Government of India has 89.85% share holding in the company. Our Company was incorporated as “Metal Scrap Trade Corporation Limited”, under the provisions of the Companies Act, 1956 on September 9, 1964 at Kolkata. Our Company was granted the certificate of commencement of business on April 12, 1965 by the RoC. Subsequently, the name of our Company was changed to “MSTC Limited” pursuant to the special resolution passed by the Shareholders in the general meeting held on September 26, 1994 and a fresh certificate of incorporation consequent upon such change of name was issued by the RoC on November 9, 1994. The CIN of our Company is U27320WB1964GOI026211.

Our Company was incorporated to deal in export of ferrous scrap. Our Company became a subsidiary of SAIL on August 22, 1973 to act as a canalizing agent of the GoI for the import of metal scrap. Thereafter, on May 21, 1982 our Company became an independent GoI company upon acquisition of the shares of SAIL by the Selling Shareholder. Since its incorporation till the decanalisation of metal scrap by the GoI in 1992, our Company was mainly engaged in import of metal scrap as a canalising agency of the GoI. After the decanalisation, our Company had decided to diversify our business and emerge as a multi-product and a multi-functional organization.

MSTC Limited IPO Details
Issue Open	13-03-2019
Issue Close	15-03-2019
Allotment Date	21-03-2019
Unblocked Amount	22-03-2019
Listing Date	25-03-2019
Issue Size	1,76,70,400 Total Equity Share - Fresh Issue Equity Share - OFS Equity Share
Issue Size	₹ 226.18 Cr ₹ - Cr Fresh ₹ - Cr OFS
IPO Price Band	₹ 121 - 128
Minimum Share Bid	90
Minimum Investment Amount [₹]	₹ 11,520
Face Value	₹ 10
Qualified Institutional Buyer [QIB]	50%
High Networth Individual [HNI]	15%
Retail Individual Investor [RII]	35%
Listing On	BSE & NSE

MSTC Limited IPO Grey Market Premium GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
11-09-2018 : 08:00 PM	-	-	-	-

MSTC Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Asset	Total Revenue	Total Expenses	Profit After Tax
FY-2016	4162.17	3307.80	3501.74	-247.1
FY-2017	4599.81	1876.20	1692.89	139.1
FY-2018	4737.85	2793.15	2758.39	-6.4
30-09-2018	4256.62	1419.55	1450.09	-15.88

MSTC Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ - 0.92
Price/Earnings [P/E] Ratio	-
Return on Net Worth [RoNW]	-1.77 %
Net Asset Value [NAV]	₹ 52.01 Per Share

MSTC Limited IPO Subscription Details
As on Date	QIB	NII	RII	Employee	Total
Shared Offred	-	-	-	-	-
Day-1 [-]	- [-]	- [-]	- [-]	- [-]	- [-]
Day-2 [-]	- [-]	- [-]	- [-]	- [-]	- [-]
Day-3 [-]	- [-]	- [-]	- [-]	- [-]	- [-]

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MSTC Limited IPO Recommendations
Live IPO Team Recommendation:- Avoid

MSTC Limited IPO Contact Details
MSTC Limited 225-C, A. J. C. Bose Road, Kolkata – 700 020, West Bengal, India; Tel: +91-033-2281-3088 Email: cosec@mstcindia.co.in Website: www.mstcindia.co.in

Registrar of MSTC Limited IPO
Alankit Assignments Limited 205-208, Anarkali Complex, Jhandewalan Extension, New Delhi -110 055 Tel: +91-11-4254-1951/+91-22-4348-1200 E-mail: sarunraj@alankit.com/ saching@alankit.com Investor Grievance E-mail: mstcigr@alankit.com Website: www.alankit.com Contact Person: S. Arunraj/Sachin Gupta SEBI Registration No.: INR000002532

Lead Managers of MSTC Limited IPO
Equirus Capital Private Limited 12th Floor, C Wing, Marathon Futurex N. M. Joshi Marg, Lower Parel, Mumbai 400 013, Maharashtra, India Tel.: +91-22-4332-0600 Email: mstcl.ipo@equirus.com Investor Grievance E-mail: investorsgrievance@equirus.com Website: www.equirus.com Contact Person: Ankesh Jain/Gaurav Phadke SEBI Registration No.: INM000011286

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