IPO

MSTC Limited IPO

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Listed On: Mar 29, 2019 at ₹ 115

₹ 10800 /90 Shares

13 Mar, 2019

Open Date

20 Mar, 2019

Close Date

27 Mar, 2019

Allotment Date

29 Mar, 2019

Listing Date
IPO Issue Details
  • Issue Price Rs 120 - Rs 128 per Equity Share (Rs 5.5/- discount per share for Retail Investors)
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Offer for Sale of approx. 1,76,70,400 Equity Shares of Rs 10 each at prince of Rs 121 - Rs 128 aggregating up to Rs 226.18 Cr
  • Listing at NSE, BSE ( T - Group )
  • List Price 115
  • Listing Date 2019-03-29
  • Lead Manager Equirus Capital Private Limited
  • Registrar Alankit Assignments Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹120 - 120 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Mar 13, 2019 and ends on Mar 20, 2019. The allotment for IPO will be finalized on Mar 27, 2019. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 29, 2019. The company shall list its equity shares on the NSE, BSE ( T - Group ). Alankit Assignments Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Equirus Capital Private Limited.


The IPO sets its price band at 120 - 120 for each share. A single application for MSTC Limited IPO must contain at least 90 shares.

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IPO Subscription Analysis And Details
Retail
51.00x
QIB
1.00x
NII
56.00x
Total
2.00x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 1,32,00,000 26,40,000 17,60,000 70,400 1,76,70,400
Day 1 13-03-19
0 0.00 x 21,870 0.01 7,79,040 0.44 x 9,270 0.13 x 8,10,180 0.05 x
Day 2 14-03-19
0 0.00 x 2,20,230 0.08 18,48,240 1.05 x 35,730 0.51 x 21,04,200 0.12 x
Day 3 15-03-19
1,04,27,850 0.79 x 44,54,100 1.69 48,18,510 2.74 x 1,01,160 1.44 x 1,97,89,650 1.12 x
Day 4 - 18-03-19
1,12,54,230 0.85 x 44,54,100 1.69 49,35,060 2.80 x 1,03,500 1.47 x 2,07,46,890 1.17 x
Day 5 - 19-03-19
1,12,54,230 0.85 x 44,54,100 1.69 50,24,070 2.85 x 1,05,840 1.50 x 2,08,38,240 1.18 x
Day 6 - 20-03-19
1,48,60,710 1.13 x 56,65,860 2.15 51,93,990 2.95 x 1,08,540 1.54 x 2,58,29,100 1.46 x
Valuations
Earnings Per Share (EPS) Rs - (1.39)
P/E Ratio NA
RoNW - (1.77)%
Net Asset Value (NAV) - As on 30.09.18 Rs 46.58
IPO - Issue Objectives
1

To carry out the disinvestment of 1,76,70,400 Equity Shares by the Selling Shareholder in the Company constituting 25.10% of the Company's pre-Offer paid up Equity Share capital.

2

To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
IndoStar Capital Finance Ltd 2.17 24.73 11.08% 719.92
L&T Finance Holdings Ltd 3.34 33.20 11.44% 314.89
Piramal Enterprises Ltd 3.01 35.90 8.41% 8737.40
Aditya Birla Capital Ltd 2.98 25.15 8.04% 5885.87
Capital First Ltd 2.72 25.12 10.37% 2800.86
Shriram Trasport Finance Co. Ltd 3.23 28.90 11.17% 10,904.47
Sundaram Finance Ltd 4.09 28.79 14.19% 5633.21
Cholamandalam Investment and Finance Company Ltd 6.28 37.77 16.63% 4696.85
Repco Home Finance Ltd 3.51 21.50 16.32% 1045.89