MSTC revised the price range for the share sale to 120-128 rupees per share on Monday from 121-128 rupees.
Choice Broking has come out with its report on MSTC Ltd. The research firm has recommended to "Subscribe" the IPO in its research report as on March 12, 2019
The issue will be launched on March 13 and closes on March 15.
The IPO would be by way of offer for sale by the Union government of 17,600,000 shares, equivalent to 25 per cent of the post-offer, paid-up equity share capital.
For the auction of subsidy support, 16 bidders have been technically qualified, sources said. Power producers bidding for the lowest subsidy support, will get the first right over the fuel.
Power Ministry has invited technical bids to undertake the reverse auction of Power System Development Fund (PSDF) support to eligible gas-based power plants for a period from October 1, 2015 to March 31, 2016, as per the tender.