The share sale of MSTC has been expanded till date March 20 and the price band has been lowered, as per to a regulatory filing. The price band has also been revised to 120-128 from 121-128 unit share.
According to the regulatory filing, the deadline for the offer has been extended till March 20. The IPO offer was subjected 1.12 times on the third day of bidding Friday.
The data available with the NSE till 1900 hours showed the Rs 226-crore IPO received bids for 1,98,69,390 shares against the total issue size of 1,76,70,400 shares.
MSTC is a Kolkata-based firm it is in business since 1964 as a trading company which deals in the export of scrap. E-commerce, trading, and recycling are the main treads of the company, therefore the company’s scrip has been listed on BSE and NSE.