Showing posts with label mstc ipo avoid. Show all posts
Showing posts with label mstc ipo avoid. Show all posts

Wednesday, March 13, 2019

IPO ANALYSIS : MSTC LIMITED -AVOID


Image result for mstc

Issue Details :

Issue opens /
closes on
13-03 / 15-03- 2019
Issue size
1.76 Cr equity shares
(25% of the
Total paid up capital)
Face value
Rs 10
Price Band
Rs 121-128
Business
E commerce, Trading,
Recycling
Promoters
Govt of India
Listing
Bse, Nse
BRLM
Equirus Capital
Registrar
Alankit Assignments

Remarks :

1. Highly competitive business.

2. Depends on govt agencies for business.


3. Currently facing a dispute with Standard Chartered Bank, wherein all freehold buildings of the Company are under attachment in terms of the order of DRT.

4. Non compliance of companies act provisions in the past.

5. Consistently loss making enterprise.

6. Irrationally priced.


Avoid the IPO.