Analysis and Insights into the world of IPOs and investing in India

Tuesday, November 30, 2010

Manganese Ore India IPO overbid by fabulous 29.10 times till Day 3, November 30, 2010

Manganese Ore India IPO has been oversubscribed by a remarkable 29.10 times on an overall basis till Tuesday, November 30, 2010. The IPO has received a gigantic response in the QIB Category, which is overbid 49.16 times, receiving bids for 809312438 Equity Shares as against 16464000 Equity Shares reserved for the category

The response from the Retail Category has also been marvelous already with the category overbid 10.86 times, receiving bids for 125150362 Equity Shares as against 11524800 Equity Shares reserved for the Retail Investors. MOIL IPO closes for subscription tomorrow, i.e. Wednesday, December 1, 2010

MOIL 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)

Visit Indian IPO Blog for the latest subscription status updates on MOIL IPO!


Post a Comment

Blog Archive