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MOIL IPO is a book built issue of Rs 1,237.51 crores.
MOIL IPO bidding started from November 26, 2010 and ended on December 1, 2010. The shares got listed on BSE, NSE on December 15, 2010.
MOIL IPO price band is set at ₹340 to ₹375 per share. The minimum lot size for an application is 17 Shares. The minimum amount of investment required by retail investors is ₹6,375.
Edelweiss Financial Services Ltd, Idbi Capital Market Services Limited and J.P. Morgan India Private Limited are the book running lead managers of the MOIL IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to MOIL IPO RHP for detailed information.
| IPO Date | November 26, 2010 to December 1, 2010 |
| Listing Date | December 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹340 to ₹375 per share |
| Lot Size | 17 Shares |
| Total Issue Size | 33,600,000 shares (aggregating up to ₹1,237.51 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 168,000,000 |
| Share holding post issue | 168,000,000 |
MOIL IPO offers 33,600,000 shares. 16,464,000 (49.00%) to QIB, 4,939,200 (14.70%) to NII, 11,524,800 (34.30%) to RII, 672,000 (2.00%) to employees. 677,929 RIIs will receive minimum 17 shares and (sNII) and (bNII) will receive minimum 544 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 16,464,000 (49.00%) | NA |
| NII (HNI) Shares Offered | 4,939,200 (14.70%) | |
| Retail Shares Offered | 11,524,800 (34.30%) | 677,929 |
| Employee Shares Offered | 672,000 (2.00%) | NA |
| Total Shares Offered | 33,600,000 (100%) |
Investors can bid for a minimum of 17 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹6,375 |
| Retail (Max) | 31 | 527 | ₹197,625 |
| Lot Size Calculator | |||
The promoters of the company is the President of India, acting through the MoS, Government of India (GoI).
Present paid-up Equity Share capital of GoI - 81.6%
Post-Offer paid-up Equity Share capital of GoI - 71.6
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 80% |
Incorporate in 1896, MOIL Limited (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel.
MOIL Limited is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi) to produce more then 1,093,363 tonnes of manganese ore.
In addition to high, medium and low grade manganese ore, company produces manganese dioxide and chemical grade manganese ore. The major competitive strengths of the company are:
1. Largest producer of manganese ore in India with access to significant reserves;
2. Well positioned to capture the growth potential of the Indian steel industry;
3. Track record of growth and efficient operations;
4. Strategic location of the mines and
5. Strong capabilities for exploration, mine planning and research development.
| Particulars | For the year/period ended (in Rs. Millions) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | ||
| Total Income | 10,878.53 | 14,394.09 | 10,154.48 | 4,167.41 | 3,637.37 | |
| Profit After Tax (PAT) | 4,663.46 | 6,637.93 | 4,798.15 | 1,342.09 | 1,145.17 | |
| KPI | Values |
|---|---|
| RoNW | 27.77% |
The objects of the Offer are:
1. To carry out the disinvestment of 33,600,000 Equity Shares by the Selling Shareholders and
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
The MOIL IPO is subscribed 56.43 times on December 1, 2010 10:00:00 PM. The public issue subscribed 32.86 times in the retail category, 49.16 times in the QIB category, and 143.30 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 49.16 |
| NII | 143.30 |
| Retail | 32.86 |
| Employee | 0.57 |
| Total | 56.43 |
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
CARE has assigned an IPO Grade 5 to MOIL Limited IPO. This means as per CARE company has 'Strong fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for Coal India Ltd.
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| Listing Date | December 15, 2010 |
| BSE Script Code | 533286 |
| NSE Symbol | MOIL |
| ISIN | INE490G01020 |
| Final Issue Price | ₹375 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹375.00 |
| ₹551.00 |
| ₹458.50 |
| ₹591.05 |
| ₹466.50 |
| NSE |
|---|
| ₹375.00 |
| ₹565.00 |
| ₹456.65 |
| ₹590.00 |
| ₹465.05 |
MOIL Limited
MOIL Bhavan,
1-A, Katol Road, Nagpur – 440 013,
Maharashtra, India
Phone: +91 712-2806100/216
Email: ipo@moil.nic.in
Website: http://www.moil.nic.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: moil.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
MOIL IPO is a main-board IPO of 33,600,000 equity shares of the face value of ₹10 aggregating up to ₹1,237.51 Crores. The issue is priced at ₹340 to ₹375 per share. The minimum order quantity is 17 Shares.
The IPO opens on November 26, 2010, and closes on December 1, 2010.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The MOIL IPO opens on November 26, 2010 and closes on December 1, 2010.
MOIL IPO lot size is 17 Shares, and the minimum amount required is ₹6,375.
You can apply in MOIL IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MOIL IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MOIL IPO allotment status.
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RHP
IPO Guru (1100+ Posts, 3300+ Likes)
STILL MOIL AT RS. 400/- HIGHLY OVERPRICED. FOR A SHARE WITH STATIC FINANCIAL PERFORMANCE IN THE YEARS TO COME, STATIC DIVIDEND PAYOUT AND A LOT OF RETAILERS HOLDING SMALL EQUITY, AND RS. 5 DIVIDEND PAYOUT FAIR VALUE SEEMS AROUND RS. 250-300 ONLY....
LONG TERM WILL BE KOOOTED AND LOOOOOTED VERY HARD.....