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Monday, January 23, 2017

MOIL to come up with Offer for Sale (OFS)

MOIL Limited is coming up with an offer for sale for equity shares

The details of the MOIL OFS given below:

OFS Dates:
The OFS issue will be held on
(1) Tuesday, January 24, 2017 from 09:15 to 15:30 – For Non Retail Bids
(2) Wednesday, January 25, 2017 from 09:15 to 15:30 – For Retail Bids & Non – Retail Carry Forward Bids (Unallocated Non-Retail Bids)

Issue Size:
1,33,18,780 Equity shares

Issue Details:
- Retail Reservation: 20% of the Issue Size
- Retail Discount : 5% on Cutoff Price
- Allocation Methodology: Price Priority basis
- Floor Price: Rs.365.00
- Current market price (Jan 23, 2017): Rs.382.70
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