
Services (Commercial Services & Supplies) · NSE / BSE
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.
Price Band
₹120 – ₹128
Issue Size
₹212 Cr
Lot Size
90 shares
GMP
Est. Listing
₹128
at current GMP
Subscribed
—
Open
13 Mar 2019
Close
20 Mar 2019
Allotment
27 Mar 2019
Refund
28 Mar 2019
Demat Credit
29 Mar 2019
Listing
29 Mar 2019
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹128
Band: ₹120 – ₹128
Estimated Listing Price
₹128
Upper price + GMP
Lot Size
90 shares
Min investment ₹11,520
Estimated Profit / Lot
₹0
90 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹128 |
| 30 Oct 2026 | — | 0.0% | ₹128 |
| 29 Oct 2026 | — | 0.0% | ₹128 |
GMP is unofficial market data. Not a guarantee of listing performance.
MSTC Limited is bringing an initial public offering (IPO) in the Services (Commercial Services & Supplies) sector with an aggregate issue size of ₹212.04 Crores. The shares are offered at a price band of ₹120 to ₹128 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2019-03-20, the basis of allotment is scheduled to be finalized on 2019-03-27. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Alankit Assignments Limited) or the BSE allotment checking window.
The latest grey market premium for MSTC Limited IPO is ₹0, which indicates an expected listing price of ₹128.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.