QIBs bet big on MOIL IPO

The Qualified Institutional Buyers (QIBs) have bet big on the IPO of MOIL Limited. The Qualified Institutional Buyers (QIBs) have given a big thumbs up by placing bids for 809312438 equity shares against the offer of 16464000 equity shares resulting in a subscription of 49.16 times.

Under the QIBs quota, Foreign Institutional Investors (FIIs) have placed bids for 308886311 equity shares. Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) have subscribed for 428630911 equity shares, Mutual Funds have bid for 69127032 equity shares and Others for 2668184 equity shares.

The overall issue has received total bids for 977911298 equity shares against the offer of 33600000 equity shares resulting in a subscription of 29.10 times.

The IPO closed for QIB bidders today - November 30, 2010.

Source : Equity Bulls

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