MOIL IPO : Price Band Fixed

by khalid on 23/11/2010 · 0 comments

MOIL IPO which is slated to come out with its IPO starting on 26th November 2010. The company has come out with the price band today and the Empowered Group of Minisiters (EGoM) has fixed MOIL IPO price band at Rs 340-375, MOIL will raise Rs 1238 crore from the primary markets.

The government will offload 20% stake in MOIL, in which Central Government will offload 10% stake and Madhya Pradesh Government will to offload 5% and Maharashtra Government to will offload 5% stake. Retail investors, employees will get 5% discount.

Based on the Moil IPO Allotment for sure the Price band will be fixed at the higher end of 375 we will wait and watch it.

Issue Detail:-
Issue Open : 26th Nov 2010 – 1st Dec 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 33,600,000 Equity Shares of Rs 10 each
Issue Size : Rs. 1,142.40 – 1,260.00 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 340 – Rs. 375 Per Equity Share
Minimum Bid Quantity : 17 Shares (Rs. 6375 with 1 Lot)
Maximum Bid Quantity : 527 Shares (Rs. 197625 with 31 Lot)
Listing At : BSE, NSE

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.

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