MSTC Ltd RHP
Registered Office : 225-C , Acharya Jagadish ChandraBoseRd , Kolkata - 700020 , West Bengal , India.
Phone : 91-33-2290 0964/22877557/0568/9627 Fax : 91-33-2287 8547 22404176
Email :cosec@mstcindia.co.in Website : www.mstcindia.co.in
Initial public offering of 17,670,400 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. 120 per equity share (the offer price), aggregating to Rs. 211.04 Crores (the offer), The offer Includes a reservation of up 70,400 equity share aggregating to Rs. 0.81 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. Offer Price: Rs.120 per equity share of face value of Rs.10 each. The Offer Price is 12 times of the face value of the equity shares. *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 |
3/13/2019 12:00:00 AM | 3/20/2019 12:00:00 AM | Rs 120 - 0 | Rs 0 - 0 |
Minimum Application for shares in Nos : 90 Further Multiples of : 90 | |||
Rs Cr | Lead Managers to the Issue | |
---|---|---|
Project Cost | 0 | Equirus Capital Pvt Ltd |
Project Financed through Current Offer | 211.04 | |
Post Issue Equity Share Capital | 0 | |
Issue Price | Rs. 120 |
Projects |
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To carry out the Disinvestment of (*) shares by the selling shareholder in the company constituting (*) of the companys pre-offer paid up share capital |
Promoted By | Listing At | Registrar to the Issue | |
---|---|---|---|
| - | Alankit Assignments Ltd |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.