
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
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 8,282,813 | — | 0.00x |
| Non-Institutional (NII / HNI) | 2,484,844 | — | 0.00x |
| Retail Individual (RII) | 5,797,969 | — | 0.00x |
| Total | 16,565,626 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 64,422 | 64,422 | 1.00x |
| HNIs (10L +) | 412 | 412 | 1.00x |
| HNIs (2-10L) | 1,972 | 1,972 | 1.00x |
| Total Applications | 66,806 | 66,806 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, MSTC Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹120 to ₹128 per equity share.
The retail lot size is 90 shares requiring a minimum application amount of ₹11,520. Expected listing price is ₹128 per equity share.
The MSTC Limited IPO aggregate issue size is ₹212.04 Crores with an equity price band set at ₹120 to ₹128 per equity share. The retail lot size is 90 shares requiring a minimum capital outlay of approx. ₹11,520.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Alankit Assignments Limited) and the BSE status verification website on or around 2019-03-27. Investors can verify status using PAN card or application number.
MSTC Limited shares are scheduled to list on NSE and BSE on 2019-03-29.