MOIL IPO i.e., the public issue of Manganese Ore India Ltd (MOIL) has got good response on the opening day of the issue. The issue got subscribed 76%.
For institutional investors, 30th November 2010 is the last day for bidding, and for the remaining categories, the last date for bidding is 1st December 2010.
Discount for Retail Investors in MOIL IPO :
Retail investors and employees of MOIL will get a 5% discount to the issue price
The subscription levels for the MOIL IPO can be checked online on National Stock Exchange of India (NSE) website - http://nseindia.com
Direct Link to MOIL IPO Subscription Details -NSE BID DETAILS
MOIL IPO Allotment of Shares :
The allotment of shares and refund for the unallotted amount is expected to happen in 2nd week of December.
The listing of shares of LOIL would be anywhere in 2nd or 3rd week of December 2010. We will let you know the exact date when it is announced.
MOIL IPO Price Band :
The initial public offering (IPO) of Manganese Ore India (MOIL), the sixth state-owned divestment candidate this calendar, was subscribed 76% on the first day of bidding despite bearish market conditions. The 3.36-crore share issue has been priced in the Rs 340 - 375 band, and will help the company raise between Rs 1,142 and Rs 1,260 crore depending on the final price.
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MOIL IPO Rating :
MOIL IPO Rating :
MOIL IPO Book Running Lead Managers :
Edelweiss Capital, IDBI Capital Market Services and JP Morgan India Private are the book-running lead managers to the issue.
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