Manganese Ore India Limited (MOIL) IPO : Listing on 15th Dec 2010

by khalid on 04/12/2010 · 1 comment

Manganese Ore India Limited (MOIL) has informed the share market (BSE) that the shares of its recent IPO will list on 15th Dec 2010. The IPO was open between 26th Nov 2010 to 1st Dec 2010. The price band was Rs 340 to Rs 375 and the Issue Price was fixed at the upper level of price band, Rs 375 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs Rs. 1,142.40 – 1,260.00 Crore. 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.

IPO Listing Detail :-
Listing Date: 15th Dec 2010
BSE Scrip Code : —-
NSE Symbol : —–
Listing In : ‘B’ Group of Securities
ISIN : ——-
Issue Price : Rs. 375.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds would be used for carry out the divestment of 33,600,000 Equity Shares by the Selling Shareholder, to achieve the benefits of listing the Equity Shares on the Stock Exchanges and general corporate purposes.

Book running lead managers to the issue are Edelweiss Capital Limited, IDBI Capital Market Services Limited and J.P. Morgan India Private Limited.

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

Stay tuned to BelltheBull Blog for more on Manganese Ore India Limited (MOIL) IPO !

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