Manganese Ore India Limited (MOIL) IPO : Settled at 24.01% premium on debut

by khalid on 15/12/2010 · 1 comment

Manganese Ore India Limited (MOIL) shares got debuted at Rs 565.00, a nice 24.00% premium over its initial public offering (IPO) price of Rs 375.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 565.05 which is a premium of 24.01% over the issue price of Rs 375.00. The stock hit a high of Rs. 590.00 and low of Rs. 456.65 on the listing day 15th Dec 2010. A total of 65,132,460 shares changed hands on the NSE. MOIL Limited is a public sector undertaking (PSU) and miniratna company 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.

Listing day Summary :-
Listing Date: 15th December 2010
BSE Scrip Code : 533286
NSE Symbol : MOIL
Listing In : ‘B’ Group of Securities
ISIN : INE490G01020
Issue Price : Rs. 375.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 375.00
Open : 565.00
High : 590.00
Low : 456.65
Close : 465.05
Last Trade : 465.05

Manganese Ore India Limited (MOIL) has raised Rs 1,260.00 crore through an initial public offering of 33,600,000 equity shares.

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

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