The MOIL IPO is a Rs 1,237.51 crore book-built issue. Bidding for the MOIL IPO began on November 26, 2010, and it concluded on December 1, 2010. On December 15, 2010, the shares were listed on the BSE and NSE. The price range for MOIL’s IPO is ₹340 to ₹375 per share. An application must have a minimum lot size of 17 shares. Retail investors are required to invest a minimum of ₹6,375.
MOIL Limited (Manganese Ore India Limited) is an Indian company that produces manganese ore, mostly for the production of ferro-alloys for the steel industry. The company was founded in 1896. The Indian government controls MOIL, a “Mini Ratna” PSU, and it is headed by the Ministry of Steel. By volume, MOIL Limited is India’s biggest manganese ore producer. More than 1,093,363 tonnes of manganese ore are produced by MOIL’s seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat, and Ukwa mines) and
three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi). In addition to high, medium and low-grade manganese ore, the company produces manganese dioxide and chemical-grade manganese ore. The major competitive strengths of the company are:
- Largest producer of manganese ore in India with access to significant reserves;
- Well positioned to capture the growth potential of the Indian steel industry;
- Track record of growth and efficient operations;
- Strategic location of the mines and
- Strong capabilities for exploration, mine planning and research development.
MOIL IPO Details
| IPO Date | November 26, 2010 to December 1, 2010 |
| Listing Date | December 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹340 to ₹375 per share |
| Lot Size | 17 Shares |
| Total Issue Size | 33,600,000 shares (aggregating up to ₹1,237.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
MOIL IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹6,375 |
| Retail (Max) | 31 | 527 | ₹197,625 |
MOIL IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 16,464,000 (49.00%) | NA |
| NII (HNI) Shares Offered | 4,939,200 (14.70%) | |
| Retail Shares Offered | 11,524,800 (34.30%) | 677,929 |
| Employee Shares Offered | 672,000 (2.00%) | NA |
MOIL Company Financials
| Particulars | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 |
|---|---|---|---|---|---|
| Total Income | 10,878.53 | 14,394.09 | 10,154.48 | 4,167.41 | 3,637.37 |
| Profit After Tax (PAT) | 4,663.46 | 6,637.93 | 4,798.15 | 1,342.09 | 1,145.17 |
Objects of the Issue (MOIL IPO Objectives)
The objects of the offer are:
- 1. To carry out the disinvestment of 33,600,000 Equity Shares by the Selling Shareholders and
- 2. To achieve the benefits of listing the equity shares on the stock exchanges.
MOIL IPO Listing Details
| Listing Date | December 15, 2010 |
| BSE Script Code | 533286 |
| NSE Symbol | MOIL |
| ISIN | INE490G01020 |
| Final Issue Price | ₹375 per share |
MOIL Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹375.00 | ₹375.00 |
| Open | ₹551.00 | ₹565.00 |
| Low | ₹458.50 | ₹456.65 |
| High | ₹591.05 | ₹590.00 |
| Last Trade | ₹466.50 | ₹465.05 |
MOIL Limited Contact Details
MOIL Limited
MOIL Bhavan,
1-A, Katol Road, Nagpur, 440 013,
Maharashtra, India
Phone: +91 712-2806100/216
Email: [email protected]
Website: http://www.moil.nic.in
MOIL IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
MOIL IPO FAQs:
Q1. What is a MOIL IPO?
Ans. MOIL IPO is a main-board IPO of 33,600,000 equity shares with a face value of ₹10, aggregating up to ₹1,237.51 crore. The issue is priced at ₹340 to ₹375 per share. The minimum order quantity is 17 shares. The IPO opens on November 26, 2010, and closes on December 1, 2010. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on the BSE and NSE.
Q2. When MOIL IPO will open?
Ans. The MOIL IPO opens on November 26, 2010 and closes on December 1, 2010.
Q3. What is the lot size of MOIL IPO?
Ans. MOIL IPO lot size is 17 Shares, and the minimum amount required is ₹6,375.
Q4. When is MOIL IPO allotment?
Ans. The finalization of Basis of Allotment for MOIL IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is MOIL IPO listing date?
Ans. The MOIL IPO listing date is on December 15, 2010.
