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MSTC gets SEBI approval for IPO

05 Mar 2019 Evaluate

State-run MSTC has received markets regulator Securities and Exchange Board of India’s (SEBI) approval 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.

The company, 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

458.30 -13.75 (-2.91%)
20-Apr-2026 14:59 View Price Chart
Peers
Company Name CMP
Eternal 256.00
Meesho 162.60
Swiggy 279.75
FSN E-Commerce 264.65
Brainbees Solutions 254.95
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