MSTC Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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").
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company face significant pricing pressure from its competitors which could require it to reduce prices to remain competitive.
- In Company's e-commerce line of business, it rely heavily on both government and government-controlled entities for majority of its business.
- In Company's trading line of business, it depend heavily on few customers, and the loss of its business, or a significant reduction in production, demand, or sales from these customers would adversely affect its business.
- There are outstanding litigations involving Company and its Subsidiary which, if determined adversely, may adversely affect its business and financial condition.
- Company is currently facing a dispute with Standard Chartered Bank, wherein all freehold buildings of its Company are under attachment in terms of the order of DRT, Mumbai, which if it not concluded in Company's favour could adversely affect its business, results of operations and financial conditions.