MOIL OFS: Announcement for Retail Investors from BSE - Indian IPO Blog

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Tuesday, January 24, 2017

MOIL OFS: Announcement for Retail Investors from BSE


Following is the text of announcement from BSE about MOIL OFS


Government of India (Ministry of Steel) (the "Seller") has announced its intention to sell up to  1,33,18,780 equity shares of MOIL Ltd. of face value of INR 10/- each, representing 10% of the total paid up equity share capital of the Company, on January 25, 2017 (for Retail Investors and for non-Retail Investors who choose to carry forward their bids)


OFS Issue Details are as follows:

Company: MOIL Ltd.

Issue Size (No of Shares) : 1,33,18,780

Floor Price : INR 365

Retail Reservation : 20% of issue Size

Discount For Retail : 5 % on cut-off Price in accordance with OFS guidelines

Issue Date : 25th January 2017 (For Retail and for non-Retail Investors who choose to carry forward their bids)

Timings : 9:15am to 3:30pm

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