Business Standard

MOIL Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,237.51 cr

Price Range (₹)

375

Lot Size

17

Min Investment (₹)

6,375.00

Listing Exchange

MumbaiNSE

Open Date

26-Nov-2010

Close Date

01-Dec-2010

Listing Date

15-Dec-2010

MOIL Ltd News

    The Shares of MOIL Ltd have now been listed.

    MOIL Ltd IPO Details

    Public offering of 33,600,000 equity shares of face value of Rs. 10 each (The Equity Shares) of MOIL Limited (MOIL or The Company) at a price of Rs. 375 per equity share, including a share premium of Rs. 365 per equity share (The Offer Price), aggregating to Rs. 1237.51 crores through an offer for sale for cash by The President of India, acting through the Ministry of Steel, Government of India, The Governor of the state of maharashtra acting through the industries, energy and labour department, Government of Maharashtra and The Governor of the state of madhya pradesh acting through the finance department, Government of Madhya Pradesh (individually a selling shareholder and collectively the selling shareholders). The offer comprises of a net offer to the public of 32,928,000 equity shares (The Net Offer) and a reservation of 672,000 equity shares for subscription by eligible employees (The Employee Reservation Portion). The offer and net offer shall constitute 20% and 19.60% of the paid-up equity share capital of the company, respectively. Offer price: Rs. 375 per equity share of face value of Rs. 10 eachThe offer price is 37.5 times of the face value.

    Objective of issue

    MOIL Ltd Contact Details

    MOIL Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - compliance@moil.nic.in

    Website - www.moil.nic.in