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Thursday, November 25, 2010

The market lot for the upcoming MOIL IPO is fixed at 17 Equity Shares and in multiples thereof. The price band was earlier decided upon as Rs.340/- to Rs.375/- per equity share. MOIL IPO consists of 33,600,000 Equity Shares of Rs.10/- each. The IPO would remain open between Friday, November 26, 2010 and Wednesday, December 01, 2010

The Objects of the Issue are to achieve the benefits of listing the Equity Shares on Stock Exchanges by carrying out the disinvestment of 33,600,000 Equity Shares by the Selling Shareholders

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

Stay tuned to Indian IPO Blog for latest updates on MOIL IPO!

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