INSUBCONTINENT EXCLUSIVE:
State-run e-commerce firm MSTC Ltd's listing was fully subscribed on the final day of its initial public offering, stock exchange data
showed on Friday.The IPO, expected to raise as much as Rs 226 crore, was 1.12 times subscribed, with investors bidding for 1.99 crore
shares.The share sale in the e-auctioning, trading and recycling group comes as appetite for Indian equities picks up weeks before a
national election, amid renewed hopes of a second term for Prime Minister Narendra Modi.The government, which owns an 89.85 per cent stake
in MSTC, is aiming to sell up to 25 per cent of its share.MSTC had priced its IPO at between Rs 121 and Rs 128 per share.Get the latest
election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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