PSU e-commerce firm MSTC files IPO with Sebi

MSTC Ltd
MSTC ltd is a PSU e-commerce company

MSTC Limited, a Mini Ratna works under Ministry of Steel, has filed the draft red herring prospectus with market regulator Securities and Exchange Board of India (Sebi) on January 31 for the public issue.

For buying pre-IPO unlisted shares of MSTC Ltd or any other companies, please call on 8108303330 or click on https://buysellunlistedshares.com/buysell/

The Government of India will dilute its stake in the company by selling 1.76 crore equity shares (representing 25% of total paid-up equity) through offer for sale.

MSTC (earlier Metal & Scrap Trading Corporation) is engaged in providing e-commerce related services across diversified industry segment offering e-auction/e-sale, e-procurement services and development of customized software/solutions and also is a major player in trading of bulk raw material.

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Pre IPO unlisted shares of MSTC Ltd 

MSTC
MSTC is a premier e-Commerce company

MSTC Limited (earlier known as Metal Scrap Trading Corporation Ltd) is a Mini Ratna Category-I PSU under the administrative control of the Ministry of Steel, Government of India.

For buying or selling shares of MSTC Ltd or any other companies, please click on https://buysellunlistedshares.com/buysell/

Of late, MSTC has emerged as a major player in the country for promoting e-commerce. It has presented with e-Auction portal namely, https://www.mstcecommerce.com/ which has become an immensely popular tool for transacting business over the internet in a most transparent and fair manner. The portal provides a virtual marketplace for domestic sellers and buyers to do business in metal scrap (ferrous/non-ferrous), surplus stores, machineries, obsolete spares, vehicles, minerals and agriculture & forest produce etc. The methodology adopted includes open tender, public auction and e-auction.

The Marketing Division looks after the bulk procurement of industrial raw materials for its Principals. The sourcing is done either from foreign manufacturers / traders or from domestic producers.

The list of items that are procured includes HMS, HR Coil, Billets, Wire Rods, LAM Coke, Coking coal, Naphtha, Crude oil, Thermal coal etc which are mainly consumed by the steel, petroleum and power industries in the country.

MSTC has developed e-Commerce in Agricultural and Forest products like tobacco, tendu leaf, timber, etc. The company also has created e-Commerce in mineral products like Iron Ore, imported thermal coal, chrome, manganese ore etc.