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MSTC's Rs 226-crore IPO subscribed 12% on second day of bidding

BS Reporter/ 15 Mar 19 | 01:14 AM

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The retail portion of the Rs 226-crore initial public offering (IPO) of MSTC was fully subscri­ed. Overall, the IPO was subscr­i­bed 12 per cent. 

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The IPO closes on Friday. The company has set the price band for its IPO at Rs 121-128 a share. MSTC offers a discount of Rs 5.5 a share on the allotment price to the retail investors.

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