MOIL IPO price band and the minimum bid lot announced shortly by the company.
Manganese Ore India Limited MOIL is head quartered located at Nagpur, India. MOIL, a company from the government stable is entering with its Initial Public Offering (IPO) enters the capital market on November 26 2010 Price band 340 to 375 a share Retailers upper limit Rs 2 lakhs Company operates 10 mines. Of the above while six are located in the Nagpur and Bhandara districts of Maharashtra remaining four is in the Balaghat district of Madhya Pradesh.
Manganese Ore India Limited, is offering IPO of 33600000 equity shares of Rs10 each for sale on Nov 26 and the issue closes on December 1 2010 The company is yet to announce the minimum and maximum lot for retail segment.
The government aims to raise Rs 1500 crore through the MOIL Initial Public Offering. Retailers can apply through 35 SEBI approved bankers and retailers get a 5% discount over the final price fixed In view of the tremendous response expected for the MOIL IPO, the upper price band of Rs 375 will be the final price With 5 percent discount offered to retail investors, the final price would be 356.25 at the upper band. .
Watch this column for Retail Minimum and Maximum Lots
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