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Wednesday, December 15, 2010

MOIL Limited debuts at a handsome premium of 50% over Issue Price

The Equity Shares of MOIL Limited listed on the NSE at Rs.565/- per share. The Issue Price was fixed at the higher end of the price band at Rs.375/- per equity share. Retail Investors and Employees were offered a discount of 5% on the issue price, the Issue Price for them therefore being Rs.356.25

MOIL Limited (Manganese Ore India Limited) is a 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 Ltd. IPO had opened for subscription from Friday, November 26, 2010 and was assigned an IPO Grade 5/5 by credit rating agency CARE


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