Weekly Stock Recommendation [25-10-2021 to 29-10-2021]
Script Name Call No Buy/Sell CMP Buy upto 1st Target 2nd Target Stop Loss High/Low Remark
SBIN W-1 Buy 502.95 498 508 513++ 494 513.50 2nd Target Hit
ICICIBANK W-2 Buy 759.30 752 768 775++ 745 867 2nd Target Hit
RELIANCE W-3 Buy 2627.40 2610 2690 2720++ 2600 2680 -
AXISBANK W-4 Buy 816.70 805 828 832++ 800 855 2nd Target Hit
JUBLFOOD W-5 Buy 3701.25 3650 3789 3820++ 3630 - 2nd Target Hit
LT W-6 Buy 1792.25 1780 1828 1840++ 1765 - -
SBICARD W-7 Buy 1129.50 1115 1145 1160++ 1100 1148 1st Target Hit
TVSMOTOR W-8 Buy 619.80 604 630 639++ 598 - only Risk Trader
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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
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MSTC Limited IPO Grey Market Premium
Check Grey Market Premium :- Click Here
MSTC Limited IPO Allotment Status
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Download MSTC Limited IPO RHP & ASBA e-Forms
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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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