MSTC Limited IPO
MSTC Limited IPO
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Following its successful public offering, MSTC Limited's made its market debut on 29-03-2019 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 1,76,70,400 Shares in total capital, including TBD in primary equity infusion.
The offering was structured with a price band of ₹120 to ₹128 and minimum investment lots of 90 shares. Investor participation during the subscription window from 13-03-2019 to 20-03-2019 demonstrated market confidence in the company's prospects.
The allotment process concluded on 27-03-2019, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
MSTC Limited IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
MSTC Limited IPO Strength Factors
- A leading public sector company offering e-commerce services
- Has a diverse customer base
- Works with many active government and government-linked clients
- Trusted provider for handling e-auctions for government organizations
MSTC Limited IPO Risk Factors
NA
MSTC Limited IPO Lead Manager(s)
- Equirus Capital Private Limited
MSTC Limited IPO Promoter(s)
- The President of India, acting through the MoS
MSTC Limited IPO FAQs
MSTC Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 29, 2025 10:25:38 AM (Day 29).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
MSTC Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
MSTC Limited IPO FAQs
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