Manganese Ore India IPOManganese Ore India Ltd announced its IPO open on November 26, and would remain open for subscription till (update come later). “MOIL” increase nearly 270 million USD – through the initial public offer issue and provide 33,600,000 Equity Shares, The price band of the issue to be around 340-375.

MOIL Ltd is India established  manganese ore maker , mainly utilized to produce ferro-alloy for steel production. Manganese Ore India is a ‘Mini Ratna’ PSU, run by Indian Govt as well as under the management control of the Steel Ministry .

The companny is the biggest maker of manganese by volume in India and run 7 under-ground mines (Munsar, Kandri, Beldongri, Chikla, Gumgaon, Ukwa mines and Balaghat ) as well as 3 opencast mines (Sitapatore/Sukli, Dongri Buzurg and Tirodi) to generate greater then 1,093 363 tonnes of manganese ore.

To execute the disinvestment of 33 600 000 Equity Stocks through the Selling Share-holders as well as to attain the gains of listing the Equity Shares on the Stock Exchanges(nse bse) are objects of the Offer

Face Value; Rs.10
IPO Size; 33,600,000 Equity Shares
Minimum Order Qty: 17
Market Lot: 17
Issue Type is 100%  Book Building

IPO Grade for MOIL

Fitch  allocated IPO grade ‘5’ to the IPO of  Manganese Ore India , this shows that the fundamentals of the issue are “very strong”

This is good stock for subscrip it will bull up to 415 and long term trg is 485 level by VM.Venkatesh,

“Moil IPO analyst view, technical recommendations and ipo analyst guide”

Conduct details

Address: MOIL Bhavan,1-A, Katol Road, Nagpur – 440 013, Maharashtra, India
Phone number; 712-2806100/216 Fax detail;. 712-2591661
Email address;
Website Url;

IDBI Capital Market Services Ltd, Edelweiss Capital Ltd, JP Morgan India Pvt Ltd are the Book Running Lead Managers for the IPOs of Manganese Ore India Ltd

MOIL IPO Details Tag;

Manganese Ore India IPO , moil IPO subscription status ,  moil details, forms , news and manganese ore india ipo information

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