The offer for sale from MSTC Limited which had tapped the capital markets with its issue of 1,76,70,400 equity shares in a price band of Rs 121-128 was subscribed after being extended. There was a discount of Rs 5.50 for retail investors and eligible employees. The issue consisted of compulsory 75% QIB reservation. The total issue size at the upper band was of Rs 226.18 crs.

The issue was open from Wednesday the 13th of March to Friday the 15th of March 2019. On QIB Subscription not being fully received, the issue was extended to close on Wednesday the 20th of March 2019. The price band was revised to Rs 120-128 with the discount remaining unchanged at Rs 5.50.

A total of 40,004 applications were received in the issue which amounts to 2.05 times on basis of applications.

Full details of the subscription are given below: –