MOIL Limited IPO (MOIL IPO) Detail

Nov 26, 2010 - Dec 1, 2010

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.

Company Promoters:

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

Company Financials:

ParticularsFor the year/period ended (in Rs. Millions)
31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income10,878.5314,394.0910,154.484,167.413,637.37
Profit After Tax (PAT)4,663.466,637.934,798.151,342.091,145.17

Objects of the Issue:

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.

MOIL IPO Details

IPO Opening DateNov 26, 2010
IPO Closing DateDec 1, 2010
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹340 to ₹375 per equity share
Market Lot17 Shares
Min Order Quantity17 Shares
Listing AtBSE, NSE
Issue Size33,600,000 Eq Shares of ₹10
(aggregating up to ₹1,237.51 Cr)

MOIL IPO Lot Size

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).

ApplicationLotsSharesAmount (Cut-off)
Minimum117₹6,375
Maximum31527₹197,625

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

MOIL Limited IPO Grading / Rating

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.

MOIL Limited IPO Tags:

MOIL Allotment, MOIL IPO Subscription, MOIL IPO Retail Subscription, MOIL Listing, MOIL Ltd IPO, MOIL IPO, MOIL IPO Bidding, MOIL IPO Allotment Status, MOIL drhp and MOIL Ltd IPO listing.

MOIL IPO Subscription Status (Bidding Detail)

The MOIL IPO is subscribed 56.43x times on Dec 1, 2010 22:00. The public issue subscribed 32.86x in the retail category, 49.16x in the QIB category, and 143.30x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

49.16x

NII

143.30x

RII

32.86x

Employee

0.57x

Total

56.43x

MOIL IPO Prospectus

MOIL IPO Rating

2422
4.5
Rating:Rated 4.5 stars

Vote Here ...

MOIL IPO Listing Date

Listing DateWednesday, December 15, 2010
BSE Script Code533286
NSE SymbolMOIL
Listing InB Group of Securities
ISININE490G01020
IPO Price₹375 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹375.00
₹551.00
₹458.50
₹591.05
₹466.50
31,568,413
NSE
₹375.00
₹565.00
₹456.65
₹590.00
₹465.05
65,132,435

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Company Contact Information

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

MOIL IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: moil.ipo@karvy.com
Website: https://karisma.kfintech.com/

MOIL IPO FAQs

  1. What is MOIL IPO?

    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.

  2. When MOIL IPO will open?

    The MOIL IPO opens on Nov 26, 2010 and closes on Dec 1, 2010.

  3. What is the lot size of MOIL IPO?

    MOIL IPO lot size is 17 Shares and the minimum order quantity is 17 Shares.

  4. How to apply for MOIL IPO?

    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.

  5. When MOIL IPO allotment?

    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.

  6. When is MOIL IPO listing date?

    The MOIL IPO listing date is on Wednesday, December 15, 2010.

MOIL IPO Message Board

Ranked Members  Ranked Members

Loading...
2315. M Gupta |Feb 11, 2011 12:25
Top Contributor Top Contributor (300+ Posts)
MOIL HAS DECLARED RS. 2.50 AS INTERIM DIVIDEND SO FINAL DIVIDEND WILL NOT BE MORE THAN RS. 2.50 AND TOTAL DIVIDEND WILL BE LESS THAN 5 PER SHARE.

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.....
2314. hari HanamKonda |Feb 11, 2011 11:47
MOIL approves interim dividend at Rs 2.50 per share
2313. M Gupta |Feb 10, 2011 08:39
Top Contributor Top Contributor (300+ Posts)
MAY I REQUEST ALL THE "FUN-DA-MENTAL" GUYS TO COME AND BUY THIS SUPER SCRIPT IN LOADS TO SAVE OTHER INNOCENT RETAILERS WHO GOT TRAPPED BY LISTENING TO THOSE LONG TERM "FUN-DA-MENTAL" (OVER)SMART INVESTORS.

MANY RETAILERS JUST FOLLWED THE SAYING OF OTHER SO CALLED EXPERTS AND THEIR CALCULATION LIKE - PE, EPS, BOOK BALUE AND GOT KOOOTED AND LOOOOTED... BUT DEAR ALL TAKE THIS AS A LESSON AND BOOK ALL YOUR LOSEES AND PROFITS IN THIS SCRIP BECAUSE IT WILL SLOWLY SLOWLY COME BELOW ISSUE PRICE....

FOR : FUN-DA-MENTAL GUYS, I REQUEST TO CONTINUE BUYING LOADS,....
2312. M Gupta |Feb 1, 2011 08:36
Top Contributor Top Contributor (300+ Posts)
Dear Retail Investors & FEW (OVER)smart Investors,

please check the quotes of MOIL its around 408 onlt just away rs. 33 from issue price...

it also made a low of 394-395 a day before...

now where have those "FUN - DA - MENTAL" guys gone wh said that they will buy in loads.....

this is a strong underperformer share will be looted and koooted but very slowly slowly slowly...
2311. hari HanamKonda |Jan 31, 2011 19:22
Hi IPO/STOCK guru...

thanks for the valuable info....

any url/valid data for ur info...???
2310. IPO/STOCK GURO |Jan 31, 2011 18:05
Divedent may be 10 Rs. /shares .
2309. hari HanamKonda |Jan 25, 2011 13:15
Sreedhar.,

ur views on this MOIL dividend???
like how will be it is????
2308. hari HanamKonda |Jan 15, 2011 21:37
manish garg
-----------------------------
91-712-2806100/2806216
ipo@moil.nic.in
-----------------------
it is for all abt not received moil refund amt...
2307. manish garg |Jan 14, 2011 12:30
DEARS, I have not received my refund till now. and no answer from registrar and comapny
2306. raman aggarwal |Jan 13, 2011 10:00
DEARS, I have not received my refund till now. and no answer from registrar and comapny.
2305. Johnson Peter |Jan 10, 2011 16:49
Dears,

have you any idea why MOIL still not refunding the money to IPO investors ?
2304. devulapalliC |Jan 9, 2011 07:02
ongoing fiscal is all set to be a blockbuster for MOIL, as in the first half itself the company had produced over 70% of last year’s profit. In fact, the according to PK Mishra, Steel Secretary, MOIL is expecting an even better bottomline growth in H2, which means that potential investors will be in for a pleasant surprise in the next quarterly and annual result.
2303. Ravi, Bangalore |Dec 31, 2010 16:44
Top Contributor Top Contributor (300+ Posts)
I believe the stock is fairly valued in 450-480 zone.

Investors can hold for the long-term, but from the level of 480, the stock may not appreciate much in next one year. If someone wants to exit and plans to buy back at a lower price, they should keep in mind their capital gains tax liability. Once the shares are sold, the seller may have to pay 15% tax on their gains (subject to their total income for the year). I have sold at 535 & don't intend to buy-back the shares till Mining Bill becomes law in Summer session of Parliament.

MOIL's business depends mostly on the steel industry and thus MOIL's performance will exhibit cyclicality in the long-term. Nevertheless, MOIL is an ore producer and thus I expect it to create a lot of wealth in the long-term (Five years and beyond).

If Mining Bill becomes law, the stock can go to 330 levels (assuming an eps of 30-32 in an unfavorable cycle & profit sharing of 26% with land loosers).
2302. SKMEA |Dec 31, 2010 08:47
Dear IPO Smart Investor,
Thanks for valuable comments. I wish to invest in MMTC and Thinksoft Global Services along with Appolo tyres. What is ur view on MMTC and Thinksoft Global. An reply plz.
2301. Avinash kandunuri |Dec 30, 2010 21:07
Hello Fisker,

Have you received your refund amount? Even me too having same problem.
Pls update me on your status?

Bobby
2300. Smart IPO Investor |Dec 30, 2010 19:49
Dear SKMEA @2301.

I would suggest you stay in MOIL. you got only 17 stock what you will get 1700 on top of that you need to pay 10% short term gain.I am sure this stock to go up in long run. I have 34 stock and still holding.

Investment point of view I say buy Apollo tyres. you may get 40% return in next few months once rubber price will under control this stock will rock. currently trading at Rs.66 try to get around 63.OR buy in two phase.

Good luck.
2299. SKMEA |Dec 29, 2010 15:30
Dear Pradeep Kuwait,

Thank u very much for ur valuable comments. May I request u to suggest me some companies for investment during 2011.
2298. Pradeep Kuwait |Dec 29, 2010 12:48
2298. SKMEA ... Hi Since u are new to stock market always try to adopt following princiles iam nt sure u want to ??

1. Coal india u are sitting on good profit 2600 Rs always when u apply for IPO then say if u investment is 100 rs + Intrest for one month for money blocked ipo is say 300 rs then take out ur investment of 400 Rs and rest profit u can leave in the same stock. In that way ur investment is zero. Say coal india 50*235= 12000 is ur investment and ur ipo amount was 30000 Rs and intrest for one month is 250 Rs. So u have 50 shares sell 40 shres by that ur investment + intrest u are taking out and 10 shares u leave for long term. In that way ur investment is zero.
2297. Pradeep Kuwait |Dec 29, 2010 12:39
2298. SKMEA Hi... Purely on fundamental basis Coal India will drift towards 240~250 levels may in next 6 months when play of operator is over and reailers are fully long on the charcoal this stock will test issue price of 245.

2. MOIL since u have bought at 530+ u will get back 10% profit in this stock if u hold for next 2 years. This stock also will slowly test 400 very soon. Fundamentally this stock to be in par with SesaGoa then fair price of MOIL is 350. Iam nt sure it will fall to 350 but it may test 400 if u need u can avaerage there.

3. Commercial engineers i dont want to comment on small companies as i dont want to invest and burn my fingers on small companies.
2296. SKMEA |Dec 28, 2010 09:33
Dear Sreedhar and other experts,
I am a new investor in securities market. I have purchased 50 shares of MOIL@Rs. 534 per share. Besides this, I have 50 shares of Coal India from IPO @ Rs.232 per share and 110 shares of Commercial engineer & body builders from IPO @ Rs.127 per share. I request u to guide me what I should do regarding these three shares. An early response would be highly appreciated.







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