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MSTC Limited

MSTC Limited, incorporated in 1964 and headquartered in Kolkata, is a public sector undertaking engaged in bulk raw material trading and providing e-commerce services mainly to government and government-controlled entities; initially set up as a canalizing agency for ferrous scrap imports and exports, the company diversified after de-canalization and became a major player in e-commerce auctions and material trading, later entering the recycling segment in FY2017 through a 50:50 joint venture called Mahindra MSTC Recycling Pvt. Ltd., which focuses on auto shredding and recycling of end-of-life vehicles and white goods, while today MSTC operates across three core verticals—e-commerce, bulk material trading, and recycling—has conducted over 1.9 lakh e-auctions for more than 1.1 lakh users, runs platforms like E-RaKAM for agricultural trading, maintains a wide pan-India office network, and reported total revenue of ₹27,931.50 million with an EBITDA of ₹1,131.99 million in FY2018.

₹120 - ₹128Open
Listed Price115.00
Listing Gain-10.16%
TimelineBookbuilding IPO
Open13 Mar 2019
Close20 Mar 2019
Allotment27 Mar 2019
Listing29 Mar 2019

Quota Reservation Portions

QIBPortion: 1,32,00,000 shares
74.7%
HNIPortion: 26,40,000 shares
14.94%
RetailPortion: 17,60,000 shares
9.96%
EmployeePortion: 70,400 shares
0.4%

Minimum Application Bracket Matrix

Retail1 lots / 90 shares
₹11,520
sHNI18 lots / 1,620 shares
₹2,07,360
bHNI87 lots / 7,830 shares
₹10,02,240

About the Company

MSTC Limited, incorporated in 1964 and headquartered in Kolkata, is a public sector undertaking engaged in bulk raw material trading and providing e-commerce services mainly to government and government-controlled entities; initially set up as a canalizing agency for ferrous scrap imports and exports, the company diversified after de-canalization and became a major player in e-commerce auctions and material trading, later entering the recycling segment in FY2017 through a 50:50 joint venture called Mahindra MSTC Recycling Pvt. Ltd., which focuses on auto shredding and recycling of end-of-life vehicles and white goods, while today MSTC operates across three core verticals—e-commerce, bulk material trading, and recycling—has conducted over 1.9 lakh e-auctions for more than 1.1 lakh users, runs platforms like E-RaKAM for agricultural trading, maintains a wide pan-India office network, and reported total revenue of ₹27,931.50 million with an EBITDA of ₹1,131.99 million in FY2018.

Company Promoters

The President of Indiaacting through the MoS

Registrar

Alankit Assignments Limited