IPO Trending
MSTCLTDEQ / NSE, BSEListed
MSTC

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 Price₹115.00
Listing Gain-10.16%

IPO Schedule & Timeline

Bookbuilding IPO
Open13 Mar 2019
Close20 Mar 2019
Allotment27 Mar 2019
Listing29 Mar 2019

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB1,32,00,000 shares
74.7%
HNI26,40,000 shares
14.94%
Retail17,60,000 shares
9.96%
Employee70,400 shares
0.4%

Minimum Application Lots

Retail1 Lot (90 shares)
₹11,520
sHNI18 Lots (1,620 shares)
₹2,07,360
bHNI87 Lots (7,830 shares)
₹10,02,240

Company Promoters

The President of Indiaacting through the MoS

Company Background

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 ...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-18)₹14915.5 Cr
Growth-54.9%
Revenue Trend (₹ in Crores)
0.012.7k25.4k38.0kMar-16Mar-17Mar-18Sep-18
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-1814,915.50158.8442,566.280
Mar-1827,931.5064.8147,378.560
Mar-1718,762.001,391.5045,998.140
Mar-1633,078.002,471.0041,621.750

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Alankit Assignments Limited

Allotment Finalized
Allotment Date
27 Mar 2019
Official Status
Out / Finalized
Registrar
Alankit Assignments Limited
Listing Date
29 Mar 2019

Official Allotment Verification Links

Official Registrar Portal
Alankit Assignments Limited

Direct allotment verification on the official registrar portal appointed for MSTC. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization27 Mar 2019Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date29 Mar 2019Trading commences on exchange

How to Check MSTC Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select MSTC from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About MSTC IPO

Complete issue overview for MSTC (MSTCLTD) IPO. The issue features an equity share price band of ₹120 – ₹128 per share with a minimum retail lot size of 90 Shares (minimum application amount of ₹11,520). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions