MOIL ends very close to OFS floor price on first day

The equity shares of MOIL tumbled close to 4 percent on the day the company opened its offer for sale for sale of equity shares

The shares landed at Rs.368.25 on BSE and Rs.368.10 on the NSE, very close indeed to the floor price fixed for the offer for sale of Rs.365 a piece

The offer for sale would be open for retail investors tomorrow. Although retail investors would be eligible to a 5 percent discount on the final issue price decided, it remains to be seen if the investors would be keen to throw the dice with this one, considering such closeness in prices between floor price and market price