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Monday, November 29, 2010

Manganese Ore India Ltd. IPO has been bid 1.68 times on an overall basis till 4PM on second day of its opening, according to the data available on the NSE website. The Retail Category has also been fully subscribed

Manganese Ore India Ltd. IPO had received a welcoming response from investors with the issue getting subscribed 0.76 times on Day 1, with the larger part of the bids coming from the QIB Category which was fully subscribed on the opening day

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


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