Issue Price: Rs. 340 - Rs. 375
MOIL IPO Allotment Status: http://mis.karvycomputershare.com/ipo/
Issue Detail:
»» Issue Open: Nov 26, 2010 - Dec 01, 2010
»» Issue Size: Rs. 1,142.40 - 1,260.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 340 - Rs. 375 Per Equity Share
»» Minimum Order Quantity: 17 Shares
»» Listing At: BSE, NSE
Number of Times Issue is Subscribed (BSE + NSE) As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors Retail Individual Investors (RIIs) Employee Reservations Total Shares Offered / Reserved 16,464,000 4,939,200 11,524,800 672,000 33,600,000 Day 1 - Nov 26, 2010 17:00 IST 1.0300 0.8800 0.3600 0.0100 0.7600 Day 2 - Nov 29, 2010 17:00 IST 2.1400 2.4000 2.8000 0.1300 2.3700 Day 3 - Nov 30, 2010 19:00 IST 49.1600 8.7700 10.8600 0.2000 29.1000 Day 4 - Dec 01, 2010 22:00 IST 49.1600 143.3000 32.8600 0.5700 56.4300
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.
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
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