MOIL IPO Latest News Today

IPO Listing Detail

Listing Date: Wednesday, December 15, 2010
BSE Scrip Code: 533286
NSE Symbol: MOIL
Listing In: 'B' Group of Securities
ISIN: INE490G01020
Issue Price: Rs. 375.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

MOIL IPO allotment status is now available online.

MOIL Limited IPO was open on Nov 26, 2010 and closed on Dec 01, 2010. IPO of MOIL was oversubscribed by 56.43 times (32.86 times in retail).

MOIL Limited IPO finally subscribed 56.43 times on its closing day. MOIL IPO was open on Nov 26, 2010 and closed today on Dec 01, 2010 for subscription.

Oversubscription detail

Qualified Institutional Buyers (QIBs):  49.16 Times

Non Institutional Investors: 143.30 Times

Retail Individual Investors (RIIs):  32.86 Times

Employee: 0.57 Times

Total: 56.43 Times

CARE has assigned IPO Grade 5 (strong fundamentals) to MOIL IPO. MOIL is a zero debt company with high profit margins, huge cash balance and high demand of its products.

MOIL Limited (Manganese Ore India Limited) is entering in the capital markets with an initial public offering, IPO of 33,600,000 Equity Shares of Rs. 10 each. The price band for the issue has been fixed at Rs 340/- at lower level and Rs 375/- at upper level.

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.

The issue opens on Nov 26, 2010, and closes for subscription on Dec 01, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).