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

Tuesday, November 30, 2010

Manganese Ore India IPO receiving tremendous response, subscribed 19.60 times till 3 PM

MOIL IPO is gaining wonderful response and is now subscribed 19.60 times on an overall basis till Tuesday, November 30, 2010 1500 hrs IST, as per data available on the NSE website. The response from the Retail Investors is also building up with the Retail Category been subscribed about 4.9 times till 3 PM on Tuesday, November 30, 2010

MOIL (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 is the largest producer of manganese ore by volume in India
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