MOIL slips below OFS floor, loses appeal - Indian IPO Blog

Indian IPO Blog

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Wednesday, January 25, 2017

MOIL slips below OFS floor, loses appeal

The equity share price of MOIL Limited slumped further on Wednesday morning with the price slipping below the floor price fixed for the offer for sale

The fall in price has dampened the spirits of the retail investors to subscribe to the OFS effectively making the issue lose its sheen despite the 5 percent discount candy for the retail investors

MOIL OFS would be open for subscription during trading hours today for Retail investors. The OFS was open for Non Retail investors yesterday and was oversubscribed

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