Tuesday, March 5, 2019

IPO News : MSTC to offer 17.60 lac shares

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 MSTC,  formerly known as Metal Scrap Trading Corp has got approval from the Securities and Exchange Board of India  for its proposed IPO.

The IPO would be by way of offer for sale by the Union government of 17,600,000 shares, equivalent to 25 per cent of the post-offer, paid-up equity share capital.

Equirus Capital Pvt Ltd is the sole book running lead manager to the offer.

MSTC is a state owned E commerce cum trading enterprise, based at Kolkatta.

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