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Open
13 Mar 2019
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Close
20 Mar 2019
3
Allotment
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Listing
Fri, Mar 29, 2019
Price Band
₹120 to ₹128
Issue Size
1,76,70,400 shares (agg. up to ₹211 Cr)
Lot Size
90 Shares
Listing Date
Fri, Mar 29, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.36x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 4,256.63 | 4,737.86 | 4,599.81 | 4,162.18 |
| Total Income | 1,491.55 | 2,793.15 | 1,876.20 | 3,307.80 |
| Profit After Tax | -15.88 | -6.48 | 139.15 | -247.10 |
| EBITDA | 80.30 | 113.20 | 262.64 | -85.35 |
| NET Worth | 327.92 | 366.16 | 406.03 | 314.67 |
| Reserves and Surplus | 292.72 | 330.96 | 388.43 | 305.87 |
| Total Borrowing | 301.94 | 766.18 | 688.35 | 653.33 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Gleam Fabmat Ltd. | SME | ₹3.12 Cr | ₹10 | null | ₹8.55 | -14.50% | ₹22.00 (-4.80%) |
| Diksha Greens Ltd. | SME | ₹13.32 Cr | ₹30 | null | ₹35.90 | +19.67% | ₹1.10 (+1.85%) |
| Roni Households Ltd. | SME | ₹3.00 Cr | ₹20 | null | ₹20.50 | +2.50% | ₹39.90 (+5.00%) |
| Sun Retail Ltd. | SME | ₹10.12 Cr | ₹23 | null | ₹37.80 | +64.35% | ₹0.28 (+0.00%) |
| AKG Exim Ltd. | SME | ₹5.52 Cr | ₹31 | null | ₹32.00 | +3.23% | ₹9.99 (-4.49%) |
| Palm Jewels Ltd. | SME | ₹8.90 Cr | ₹30 | null | ₹35.85 | +19.50% | ₹15.40 (-0.65%) |
| Advitiya Trade India Ltd. | SME | ₹4.31 Cr | ₹15 | null | ₹15.76 | +5.07% | ₹6.70 (-0.75%) |
About MSTC IPO
Incorporated in 1964, Kolkata based MSTC Limited is a public sector unit (PSU) involved in the trading of bulk raw material and e-commerce service provider to government and government-controlled entities. The company was previously a canalizing agency (an enterprise created specifically to import and/or export of ferrous scrap) until 1992. After de-canalisation it has established itself as an e-commerce service provider and a major player in trading of bulk raw material. In FY 2017, the company entered into the recycling business through a 50:50 joint venture with Mahindra Intertrade Ltd (a subsidiary of Mahindra Vehicle Manufacturers Ltd) by forming a new company Mahindra MSTC Recycling Pvt Ltd (MMRPL). This new firm is in the business of auto shredding, processing of end of life vehicles (ELVs), other white goods and products for the production of iron and non-iron shredded scrapThe 3 main business verticals in the company are:(i) E-commerce, (ii) Trading of bulk raw material(iii) Recycling through MMRPL. Since 2002, the company is offering e-auction platforms to many Government and Government controlled entities. As on December 31, 2018, MSTC has conducted over 1,90,000 auction
Contact Details
MSTC Ltd. Address225-C, A.J.C.Bose RoadKolkata, West Bengal, 700020+91-033-2281-3088cosec@mstcindia.co.inVisit Website