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IPO Synopsis

 
MSTC Ltd

  • 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 : mstcindia@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").
Opens On Closes On
Issue 13-Mar-19 20-Mar-19
Application Allotment
Money Payable On 120.00 0.00
Minimum Application for shares in Nos : 90 Further Multiples of : 90
  rupeeCr Lead Managers to the Issue
Project Cost (rupee.Cr) 0.00 Equirus Capital Pvt Ltd
Project Financed through Current Offer (rupee.Cr) 211.04  
Post Issue Equity Share Capital (rupee.Cr) 70.40
Issue Price (rupee) 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
Minimum Application for shares in Nos : Further Multiples of :
Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
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