The OFS of MOIL Limited has been subscribed 6.40 times on an overall basis as per data available on the exchange website
The issue received subscription for 1,70,13,282 equity shares as against the total issue size of 26,63,756 equity shares
Showing posts with label MOIL OFS. Show all posts
Showing posts with label MOIL OFS. Show all posts
Wednesday, January 25, 2017
MOIL slips below OFS floor, loses appeal
IndianIPOBlog
January 25, 2017
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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
Tuesday, January 24, 2017
MOIL OFS: Announcement for Retail Investors from BSE
IndianIPOBlog
January 24, 2017
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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
MOIL OFS Subscription status
IndianIPOBlog
January 24, 2017
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The share sale through the Offer for Sale of MOIL got oversubscribed with bids coming in more than allocated shares reserved for the non-retail segment as per stock exchange data
The non retail or the institutional portion got subscribed 1.5 times on an overall basis according to data available on the exchange
MOIL OFS would be open for subscriptipn for retail investors on Jan 25, 2017
MOIL ends very close to OFS floor price on first day
IndianIPOBlog
January 24, 2017
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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
MOIL OFS opens : How to apply to OFS
IndianIPOBlog
January 24, 2017
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The OFS would be open for Retail investors on Wednesday, January 24, 2017. Retail investors will get a further discount of 5.2 per cent in the offer for sale (OFS)
How to apply for MOIL OFS
- You need to have a demat and trading account to apply to an OFS
- Once the OFS starts, you can participate in the process yourself using your online trading accounts such as ICICI Direct, Kotak Securities etc. by placing your bids under the IPO / OFS section of their respective broking websites
- You will be given application form number / confirmation reference for your application
MOIL OFS - Offer for Sale Announcement by NSDL
IndianIPOBlog
January 24, 2017
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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. |
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MOIL OFS - Download NSDL official announcement
IndianIPOBlog
January 24, 2017
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MOIL is coming up with an Offer for Sale (OFS)
Click here to download the official announcement from NSDL
Monday, January 23, 2017
MOIL to come up with Offer for Sale (OFS)
IndianIPOBlog
January 23, 2017
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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)
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
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
- 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