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IPO Synopsis
MSTC Ltd
Registered Office: 225-C,Acharya Jagadish ChandraBoseRd , Kolkata - 700020 , West Bengal , India.
Phone : 91-33-2281-3088   Fax:
Email :  cosec@mstcindia.co.in  
Website :  www.mstcindia.co.in
Initial public offering of 17,670,400 equity shares of face value of Rs10 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 Rs120 per equity share (the "offer price"), aggregating to Rs211.04 Crores (the "offer"), The offer Includes a reservation of up 70,400 equity share aggregating to Rs0.81 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: Rs120 per equity share of face value of Rs10 each. The Offer Price is 12 times of the face value of the equity shares. *A discount of Rs5.50 per equity share on the offer price may be offered to the retail individual bidders ("retail discount") and a discount of Rs5.50 per equity share on the offer price may be offered to the eligible employees bidding in the employee reservation portion ("employee discount").

Issue Money Payable On
Opens On Closes On Application Allotment
13-Mar-19 20-Mar-19 Rs120.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :90  Further Multiples of :90

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Equirus Capital Pvt Ltd
Project Financed through Current Offer 211.04  
Post Issue Equity Share Capital 70.40  
Issue Price Rs120.00  
 
Projects
To carry out the Disinvestment of (*) shares by the selling shareholder in the company constituting (*) of the company's pre-offer paid up share capitalListing the Equity Shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE 
NSE 
Registrar to the Issue
Alankit Assignments Ltd 
 
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