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Saravan Stocks
       
IPO Synopsis
MSTC Ltd
Registered Office: 225-C,Acharya Jagadish ChandraBoseRd, Kolkata - 700020, West Bengal, India.
Phone : 91-33-2281-3088   Fax:
Email :  cosec@mstcindia.co.in  
Website :  www.mstcindia.co.in
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 through Current Offer 212.04  
Post Issue Equity Share Capital 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
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