MOIL LIMITED IPO

MOIL LIMITED

Issue Open:	November 26, 2010
Issue close:	December 01, 2010
Price Band:	Rs. 340 - Rs. 375 Per Equity Share
Minimum Bid Size:	17 Equity Shares
Face Value:	Rs. 10 Per Equity Share
Issue Type:	100% Book Building
Maximum Subscription Amount for Retail Investor:	Rs. 200000

MOIL LIMITED IPO :

Incorporate in 1896, MOIL Limited (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel.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 Grading / Rating:

CARE has assigned an IPO Grade 5 to MOIL Limited IPO. This means as per CARE company has 'Strong fundamentals'.

Posted in: IPO Alert