Friday, November 19, 2010

MOIL IPO opening on Nov 26, 2010

MOIL Limited (Manganese Ore India Limited) is entering in the capital markets with an initial public offering, IPO of 33,600,000 Equity Shares of Rs. 10 each. The price band for the issue has been fixed at Rs 340/- at lower level and Rs 375/- at upper level.

Incorporate in 1896, MOIL Limited (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel.

The issue opens on Nov 26, 2010, and closes for subscription on Dec 01, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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