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MSTC files DRHP with SEBI for IPO

07 Feb 2019 Evaluate

State-run MSTC has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

The IPO will see sale of 17,600,000 shares, amounting to 25 percent stake, of the company through the offer for sale (OFS) route by the government. Equirus Capital is the sole book running lead manager to the issue.

MSTC, under ministry of steel, is engaged in providing e-commerce related services across diversified industry segment offering e-auction/e-sale and development of customised solutions. It is also a major player in trading of bulk raw material.

MSTC Share Price

442.60 -8.70 (-1.93%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Eternal 259.90
Meesho 177.70
Swiggy 293.10
FSN E-Commerce 261.55
Brainbees Solutions 247.95
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