MUMBAI: Manganese Ore India Ltd. (MOIL) Initial Public Offering (IPO) which was oversubscribed more than 33 times on part of the retail investors, has allotted shares to its investors on December 11.
Retail investors who have invested in the MOIL IPO, can check their shares allotment status by clicking the below link. In order to check how many shares have been allotted to them, they need to submit their application number.
Website: http://mis.karvycomputershare.com/ipo/
The MOIL IPO subscription opened on November 26 and it was ended on December 1. The IPO received overwhelming response from the investors and was subscribed more than 56 times. Such a huge subscription leads to the allotment of fewer shares to the investors.
MOIL Allotment StatusInvestors who have bid for the maximum number of shares i.e. 527 have been allotted just 17 shares (1 lot). The share of MOIL will be listed on stock exchange on December 15, 2010.
Earlier, it was predicted that only investors, who have applied for the maximum number of shares and put in applications for Rs 2 lakh, can be assured of receiving allotments. However, as per the reports the small investors who have put only 75,000 to 1,00,000 also got the allotment.
The MOIL issue, which closed for QIBs on November 30, was subscribed 28.6 times. The QIB portion was subscribed 49.16 times and the HNI portion 8.7 times.
Manganese Ore India Limited (MOIL) Initial Public Offer IPO got subscription of Rs. 1,260 crore with issue price of Rs 375 per share. Retail Investors and employees got the 5% discount on the share price.
The government has decided to collect Rs 40,000 crore through the PSUs divestment and has already moped-up Rs 20, 000 crore. The Centre is divesting a 10% stake in the company under the IPO, while the state governments of Madhya Pradesh and Maharashtra will offload 5% participating interest each.
0 comments:
Post a Comment