MSTC IPO on Friday has subscribed 1.12 times on the last day of bidding. The price band of the offer has now been revised to Rs120-128 from Rs121-128 per share. The deadline for the offer has been extended till March 20.
Equirus Capital Private Limited is the Book Running Lead Manager (BRLM) to the Offer.
The equity shares of MSTC Limited are proposed to be listed on BSE and the NSE.
MSTC is one of the leading PSU entities engaged in providing e-commerce services to customers in a transparent, fair and secured manner. MSTC has emerged as a pioneer in the e-auction segment catering to the Government sector, partnering with different Government agencies and ministries in conducting e-Auctions and is one of the key players offering the comprehensive range of services in e-procurement segment.
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