MOIL IPO price band fixed at Rs.340 to Rs.375

The Initial Public Offering (IPO) of MOIL Limited will open for subscription by investors on Friday - November 26, 2010. The company is coming with IPO of 33,600,000 equity shares of Rs.10 each for cash at a price band of Rs.340 to Rs.375 per share.

The Minimum Order Quantity is 17 equity shares and in multiples of 17 equity shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

Edelweiss Capital Limited, IDBI CAPITAL MARKET SERVICES LIMITED and J.P. Morgan India Private Limited are the Book Running Lead Managers to the issue. Karvy Computershare Private Limited is the registrar to the company.

The Qualified Institutional Bidders (QIBs) portion of the issue will be at least 16,464,000 Equity Shares or the Net Offer less allocation to Non-Institutional Bidders and Retail Individual Bidders.

The Non-Institutional Investors portion of the issue will be not less than 4,939,200 Equity Shares available for allocation or Net Offer less allocation to QIBs and Retail Individual Bidders.

The Retail Individual Investors portion of the issue is not less than 11,524,800 Equity Shares or the Net Offer less allocation to QIBs and Non-Institutional Bidders.

The Employee Reservation is of 672,000 Equity Shares. The Employee Reservation Portion is 0.4 % of the post-Offer paid up capital of our Company.

The IPO closes for subscription on December 1, 2010.

Source : Equity Bulls

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