Following is the text of the official announcement on Offer for Sale (OFS) of MOIL Limited:
Dear Investor,
We wish to inform you that Government of India has made an announcement to sell up to 10% of MOIL Limited (ISIN INE490G01020) through offer for sale (OFS) mechanism.
The key details in this context are given below:
Name of seller | The President of India, acting through and represented by the Ministry of Steel, Government of India |
Name of company whose shares are proposed to be sold | MOIL Limited (ISIN INE490G01020) |
Name of stock exchanges where orders shall be placed | BSE and NSE |
Date and time of opening the offer for Retail investors | January 25, 2017 at 9.15 a.m. |
Date and time of closing the offer for Retail investors | January 25, 2017 at 3.30 p.m. |
Date and time of the opening of the offer for non-retail investors | January 24, 2017 at 9.15 a.m. |
Date and time of the closing of the offer for non-retail investors | January 24, 2017 at 3.30 p.m. |
Floor Price | Rs.365 per share |
Retail Discount | Retail investors will be allocated offer shares at the Discounted price i.e. at a discount of 5% to the Cut-off price in accordance with the OFS Guidelines. The discounted price, which shall be the final allocation price to the Retail investors, may be below the floor price. |
Name of seller | The President of India, acting through and represented by the Ministry of Steel, Government of India |
Name of company whose shares are proposed to be sold | MOIL Limited (ISIN INE490G01020) |
Name of stock exchanges where orders shall be placed | BSE and NSE |
Date and time of opening the offer for Retail investors | January 25, 2017 at 9.15 a.m. |
Date and time of closing the offer for Retail investors | January 25, 2017 at 3.30 p.m. |
Date and time of the opening of the offer for non-retail investors | January 24, 2017 at 9.15 a.m. |
Date and time of the closing of the offer for non-retail investors | January 24, 2017 at 3.30 p.m. |
Floor Price | Rs.365 per share |
Retail Discount | Retail investors will be allocated offer shares at the Discounted price i.e. at a discount of 5% to the Cut-off price in accordance with the OFS Guidelines. The discounted price, which shall be the final allocation price to the Retail investors, may be below the floor price. |
Get real time updates and stay up to date with the latest developments in Indian IPO markets! Click here to join the Indian IPO Blog Whatsapp group now! (Free for first 500 members - First come first serve basis)
No comments:
Post a Comment