Retail Individual Investors pooled Rs 11,025 Cr and Rs 11,450 Cr for Coal India and Powergrid FPO. This time around the collection is expected to be slightly lower say at Rs 9,000 Cr due to subdued market condition as well as opportunities in the secondary market.
Cut Off Price: 375 [5% Discount at the time of allotment is applicable]
Bid Lot: 17 Shares
Maximum Retail Bid(Shares): 527
Maximum Retail Bid(Amount) :197,625
The IPO in Retail Category is expected to be subscribed by 20 times. So bid Accordingly. Expected MOIL Target Price on Listing is Rs 475.
The Miniratna company of Indian Government, Manganese Ore India Limited (MOIL) is entering into primary market with an Initial Public Offer (IPO) of 33,600,000 Equity Shares of Rs 10 each. The IPO is opening on 26th Nov 2010 and the shares will be available for subscription up to 1st Dec 2010. The size of the issue is Rs — crores. MOIL Limited is a public sector undertaking (PSU) of the Indian Government. MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi) to produce more then 1,093,363 tonnes of manganese ore.