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Incorporate in 1896, MOIL Limited (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel.
MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi) to produce more then 1,093,363 tonnes of manganese ore.
In addition to high, medium and low grade manganese ore, company produces manganese dioxide and chemical grade manganese ore. The major competitive strengths of the company are:
1. Largest producer of manganese ore in India with access to significant reserves;
2. Well positioned to capture the growth potential of the Indian steel industry;
3. Track record of growth and efficient operations;
4. Strategic location of the mines and
5. Strong capabilities for exploration, mine planning and research development.
The promoters of the company is the President of India, acting through the MoS, Government of India (GoI).
Present paid-up Equity Share capital of GoI - 81.6%
Post-Offer paid-up Equity Share capital of GoI - 71.6
| Particulars | For the year/period ended (in Rs. Millions) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | ||
| Total Income | 10,878.53 | 14,394.09 | 10,154.48 | 4,167.41 | 3,637.37 | |
| Profit After Tax (PAT) | 4,663.46 | 6,637.93 | 4,798.15 | 1,342.09 | 1,145.17 | |
The objects of the Offer are:
1. To carry out the disinvestment of 33,600,000 Equity Shares by the Selling Shareholders and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
| IPO Opening Date | Nov 26, 2010 |
| IPO Closing Date | Dec 1, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹340 to ₹375 per equity share |
| Market Lot | 17 Shares |
| Min Order Quantity | 17 Shares |
| Listing At | BSE, NSE |
| Issue Size | 33,600,000 Eq Shares of ₹10 (aggregating up to ₹1,237.51 Cr) |
The MOIL IPO market lot size is 17 shares. A retail-individual investor can apply for up to 31 lots (527 shares or ₹197,625).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 17 | ₹6,375 |
| Maximum | 31 | 527 | ₹197,625 |
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
CARE has assigned an IPO Grade 5 to MOIL Limited IPO. This means as per CARE company has 'Strong fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Coal India Ltd.
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The MOIL IPO is subscribed 56.43 times on Dec 1, 2010 22:00. The public issue subscribed 32.86 in the retail category, 49.16 in the QIB category, and 143.30 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 49.16 |
| NII | 143.30 |
| RII | 32.86 |
| Employee | 0.57 |
| Total | 56.43 |
| Listing Date | Wednesday, December 15, 2010 |
| BSE Script Code | 533286 |
| NSE Symbol | MOIL |
| Listing In | B Group of Securities |
| ISIN | INE490G01020 |
| IPO Price | ₹375 per equity share |
| Face Value | ₹10 per equity share |
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MOIL Limited
MOIL Bhavan,
1-A, Katol Road, Nagpur – 440 013,
Maharashtra, India
Phone: +91 712-2806100/216
Email: ipo@moil.nic.in
Website: http://www.moil.nic.in
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: moil.ipo@karvy.com
Website: https://karisma.kfintech.com/
MOIL IPO is a main-board IPO of 33,600,000 equity shares of the face value of ₹10 aggregating up to ₹1,237.51 Crores. The issue is priced at ₹340 to ₹375 per equity share. The minimum order quantity is 17 Shares.
The IPO opens on Nov 26, 2010, and closes on Dec 1, 2010.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MOIL IPO opens on Nov 26, 2010 and closes on Dec 1, 2010.
MOIL IPO lot size is 17 Shares and the minimum order quantity is 17 Shares.
You can apply in MOIL IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MOIL IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MOIL IPO allotment status.
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Top Contributor (300+ Posts)
STILL MOIL AT RS. 400/- HIGHLY OVERPRICED. FOR A SHARE WITH STATIC FINANCIAL PERFORMANCE IN THE YEARS TO COME, STATIC DIVIDEND PAYOUT AND A LOT OF RETAILERS HOLDING SMALL EQUITY, AND RS. 5 DIVIDEND PAYOUT FAIR VALUE SEEMS AROUND RS. 250-300 ONLY....
LONG TERM WILL BE KOOOTED AND LOOOOOTED VERY HARD.....