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Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
MSTC Ltd
Registered Office:
225-C,Acharya Jagadish ChandraBoseRd,
Kolkata - 700020,
West Bengal, India.
Initial public offering of upto 17,670,330 equity shares of face value of (Rs) 10 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 (Rs) (*) per equity share (the "offer price"), aggregating to (Rs) (*) Crores (the "offer"), The offer Includes a reservation of up 70,400 equity share aggregating to (Rs) (*) 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. Price Band: (Rs) 120 to (Rs) 128 per equity share of face value of (Rs)10 each. The floor price is 12.00 times the face value of the equity shares and the cap price is 12.80 times the face value of the equity share. *A discount of (Rs) 5.50 per equity share on the offer price may be offered to the retail individual bidders ("retail discount") and a discount of (Rs) 5.50 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
120.00-128.00
0.00-0.00
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
212.04
 
Post Issue
70.40
 
Issue Price
120.00
 
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 capital
Listing the Equity Shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE
NSE
Registrar to the Issue
Alankit Assignments Ltd
SEBI Regn. No: NSE : INB 230643233/TM06432, INE 230643233(CD), INF 230643233 (F&O) BSE : INB 10643238/TM3129, INE 10643238(cd), INF 10643238(F&O)
SEBI Regn. No: MCX/ NCDEX: INZ000028833, NCDEX : NCDEX/TCM/CORP/0460 | MCX : MCX/TCM/CORP/0263 | CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
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