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Home >Markets >Ipo >MSTC IPO subscribed 1.12 times on Day 3
MSTC scrip would be listed on BSE and NSE (iStockphoto)
MSTC scrip would be listed on BSE and NSE (iStockphoto)

MSTC IPO subscribed 1.12 times on Day 3

  • Equirus Capital Private Ltd is managing the initial public offer
  • Price range for the offer, which opened for subscription on Wednesday, has been fixed at 121-128 per share

NEW DELHI : The initial public offer of state-owned trading company MSTC Limited was subscribed 1.12 times on the third day of bidding Friday.

The 226-crore IPO received bids for 1,98,69,390 shares against the total issue size of 1,76,70,400 shares, the data available with the NSE till 1900 hrs showed.

Till Thursday, the IPO was subscribed 12%.

Price range for the offer, which opened for subscription on Wednesday, has been fixed at 121-128 per share.

Equirus Capital Private Ltd is managing the initial public offer.

MSTC, a Kolkata-based firm, was incorporated in 1964 as a trading company to deal in the export of scrap. There are three main business verticals in the company-- e-commerce, trading and recycling.

MSTC scrip would be listed on BSE and NSE.

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