Retail portion of MOIL IPO receives subscription of 32.86 times

The Retail Individual Investors (RIIs) portion of MOIL Limited IPO has received unprecedented demand with subscription of 32.86 times.

The retail portion has received total bids for 378678774 equity shares against the offer of 11524800 equity shares resulting in a subscription of 32.86 times.

Out of retail portion, bids for 322991194 equity shares were at cut-off price and bids for 55687580 equity shares were received as price bids.

The Employee Reservation portion has received only subscription of 0.57 times with bids for 386223 equity shares against the offer of 672000 equity shares. Out of the employee portion, bids for 379406 equity shares were at cut-off price and bids for 6817 equity shares were received as price bids.

Source : Equity Bulls

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