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

Wednesday, December 1, 2010

MOIL IPO closes for subscription today, bid 29.10 times till Day 3

Manganese Ore India Ltd. IPO closes for subscription today. The IPO has received an astounding response from the QIB Category, the subscription for which closed yesterday, i.e. on Tuesday, November 30, 2010, when the IPO was bid 49.16 times in the QIB Category

MOIL IPO has already received a marvelous response from the Retail Investors as well till now with the subscription in the category standing at 10.86 times till Day 3, which is expected to get boost today, being the closing day for the IPO

According to the company's website, at present, MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. All these mines are about a century old

Stay tuned for the latest updates on MOIL IPO!

Update: MOIL IPO Bidding Status till 10 PM on December 1, 2010
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