ALL THE DETAILS FOR MSTC IPO, MSTC GMP, MSTC SUBSCRIPTION, MSTC ALLOTMENT, MSTC LISTING DATE
In this article on Traders Adda, we have provided all the details which are sought by a retail investor for MSTC, MSTC Ipo details, MSTC IPO review, MSTC GMP, MSTC Grey Market Premium, MSTC Share listing date, MSTC subscription for today, MSTC allotment date etc.
The company is engaged in three major activities – e-commerce, trading and recycling. Trading is a major segment that accounts for 80-85 percent of the total revenues of the firm. The e-commerce vertical accounts for 3-7 percent sales.
MSTC IPO is going to open for subscription from 13th March 2019. MSTC IPO is awaited by many retail investors from a long period of time. Govt. will
MSTC REVIEW IN SHORT
On a very first view on the fundamentals, we see a loss in the past two years of financial statements. Hence, if you are a conservative investor, then you can proceed with caution. Still readout below details of the company for all the updates in total.
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax||(158.84)||(64.81)||1,391.50||(2,471.00)|
MSTC IPO GMP – Grey Market Premium
MSTC grey market premium data will be updated at MSTC GMP, MSTC Grey Market Premium.
MSTC IPO Allotment & Subscription
We will update MSTC IPO Allotment and MSTC Subscription data for today and next two days @ MSTC Total Subscription & MSTC Allotment Status Checking.
MSTC Listing Date
MSTC is all set to list on bourses on 26th March 2019.
MSTC Retail Discount
MSTC Retail discount and Employee discount is Rs 5.5 per equity share.
MSTC Wiki, What does MSTC does?
Incorporated in 1964, Kolkata based MSTC Limited is a public sector unit (PSU) involved in the trading of bulk raw material and e-commerce service provider to government and government-controlled entities.
The company was previously a canalizing agency (an enterprise created specifically to import and/or export of ferrous scrap) until 1992. After de-canalisation it has established itself as an e-commerce service provider and a major player in trading of bulk raw material.
In FY 2017, the company entered into the recycling business through a 50:50 joint venture with Mahindra Intertrade Ltd (a subsidiary of Mahindra Vehicle Manufacturers Ltd) by forming a new company Mahindra MSTC Recycling Pvt Ltd (MMRPL). This new firm is in the business of auto shredding, processing of end of life vehicles (ELVs), other white goods and products for the production of iron and non-iron shredded scrap
The 3 main business verticals in the company are:
(ii) Trading of bulk raw material
(iii) Recycling through MMRPL.
Since 2002, the company is offering e-auction platforms to many Government and Government controlled entities. As on December 31, 2018, MSTC has conducted over 1,90,000 auctions, serving over 1,10,000 users. It has conducted 28,600 auctions/events during 2018 and 30,500 auctions/event for nine months period ended December 31, 2018.
MSTC was the company behind developing E-RaKAM portal, a digital initiative bringing together the farmers, FPOs, PSU, civil supplies and buyers on a single platform for selling and buying of agricultural products.
MSTC has a country-wide footprint with 4 regional offices located in Delhi, Mumbai, Kolkata and Chennai, 13 branch offices in major cities of India and 3 site offices.
For Fiscals 2018, 2017 and 2016, the total revenue of the company was Rs 27,931.50 million, Rs 18,762.00 million, and Rs 33,078.00 million respectively.
The revenues from trading vertical are Rs 22,627.50 million, Rs 13,854.10 million and Rs 28,114.70 million for Fiscal 2018, 2017 and 2016 respectively.
The revenues from e-commerce vertical are Rs 1,900.60 million, Rs 1,618.80 million and Rs 1,277.50 million for Fiscal 2018, 2017 and 2016 respectively.
The EBITDA for Fiscals 2018, 2017 and 2016 was Rs 1,131.99 million, Rs 2,626.40 million and (Rs 853.50) million respectively.
Competitive strengths of the company:
1. One of the leading PSU providing e-commerce services.
2. Diversified customer portfolio
3. The active client base of government and government-controlled entities.
4. Preferred service provider for conducting e-auctions for government bodies
- Focusing on further development of e-commerce business by capturing the untapped markets.
- Foray into e-commerce-backed trading for better price discovery and transparent transactions.
- Diversifying into B2C segment, develop the recycling business.
SO, IF WE LOOK THE FUNDAMENTALS OF MSTC, ITS A
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