Manganese Ore India Limited (MOIL) Initial Public Offer IPO got subscription of Rs. 1,260 crore with issue price of Rs 375 per share.
The Finance Ministry on Friday stated that the price band of the MOIL IPO is range between Rs 340-375. The Centre is divesting 10% stake in the MOIL, while the Madhya Pradesh and Maharashtra state governments will divest 5% each through the public offer.
The MOIL IPO subscription opened on November 26 and it was ended on December 1. Investors kept very good responce that the subscription was that of 56 times more than the shares on offe.
Keep checking the place for MOIL Allotment Status that it will be listed on 15th of December, 2010 on stock exchange.