MOIL IPO

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; ipo@moil.nic.in
Website Url; http://www.moil.nic.in

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

Be Sociable, Share!
Tags: , ,

Stock Market Basics For Beginners

The Timeframe For Obtaining Refund When Shares Not Allotted?

The Timeframe For Obtaining Refund When Shares Not Allotted? According to Securities and Exchange Board of India guidelines, the Basis of Allotment needs to be finished with fifteen days from the IPO issue end ...…

Average

Average A share market average is known as a mathematical method of reporting the composite difference in prices of the shares that the average includes. Each and ...…

Who’re the players in the Securities Market?

Who’re the players in the Securities Market? The securities market basically has 3 categories of-participants, such as, the companies of securities, traders in securities and also the intermediaries, like merchant bankers, brokers ...…

Invest Early

Invest Early The sooner you begin for invest. you Commence investing in tiny amounts, frequently for a long time period, funds develops as a result ...…

Why It Is Necessary To Review Your Mutual Fund Portfolio Year After Year

Why It Is Necessary To Review Your Mutual Fund Portfolio Year After Year A lot of Indian investors buy Mutual funds looking at just one factor that is past returns. Yes, it is one of the important ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics