Bookbuilding IPO | ₹1,238 Cr | Listed at BSE, NSE | Fri, Nov 26, 2010 - Wed, Dec 1, 2010
MOIL IPO is a book build issue of ₹1,237.51 crores. The issue is entirely an offer for sale of 3.36 crore shares of ₹1,237.51 crore.
MOIL IPO bidding started from Nov 26, 2010 and ended on Dec 1, 2010. The shares got listed on BSE, NSE on Dec 15, 2010.
MOIL IPO price band is set at ₹375 per share. The lot size for an application is 17. The minimum amount of investment required by an retail is ₹6,375 (17 shares) (based on upper price). The lot size investment for sNII is 32 lots (544 shares), amounting to ₹2,04,000, and for bNII, it is 157 lots (2,669 shares), amounting to ₹10,00,875.
The issue includes a reservation of up to 6,72,000 shares for employees offered at a discount of ₹18.75 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to MOIL IPO RHP for detailed Information.
IPO Open
Fri, Nov 26, 2010
IPO Close
Wed, Dec 1, 2010
Issue Price
₹375 per share
Market Cap (Pre-IPO)
₹6,300.00 Cr
| IPO Date | 26 Nov to 1 Dec, 2010 |
| Listed on | Wed, Dec 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹340 to ₹375 |
| Issue Price | ₹375 per share |
| Lot Size | 17 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 18.75 per share |
| Employee Discount | ₹18.75 |
| Total Issue Size | 3,36,00,000 shares (agg. up to ₹1,238 Cr) |
| Offer for Sale | 3,36,00,000 shares of ₹10 (agg. up to ₹1,238 Cr) |
| Share Holding Pre Issue | 16,80,00,000 shares |
| Share Holding Post Issue | 16,80,00,000 shares |
| BSE Script Code / NSE Symbol | 533286 / MOIL |
| ISIN | INE490G01020 |
MOIL IPO comprises a total issue size of 3,36,00,000 shares. The net offer to the public is 3,29,28,000 shares, after excluding 6,72,000 shares under a preferential allotment. Of the Net offer 1,64,64,000 (50.00%) are allocated to QIB, 49,39,200 (15.00%) allocated to NII 1,15,24,800 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,64,64,000 | 50.00% | 49.00% | NA |
| NII (HNI) Shares Offered | 49,39,200 | 15.00% | 14.70% | NA |
| Retail Shares Offered | 1,15,24,800 | 35.00% | 34.30% | 6,77,929 |
| Preferential Reservations | ||||
| Employee Shares Offered | 6,72,000 | 2.00% | NA | |
| Total Shares Offered | 3,36,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 17 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹6,375 |
| Retail (Max) | 31 | 527 | ₹1,97,625 |
| S-HNI (Min) | 32 | 544 | ₹2,04,000 |
| S-HNI (Max) | 156 | 2,652 | ₹9,94,500 |
| B-HNI (Min) | 157 | 2,669 | ₹10,00,875 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The Company will not receive any proceeds from the Offer. |
| KPI | |
|---|---|
| RoNW | 27.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 80% |
| Market Cap | ₹6,300.00 Cr. |
The MOIL IPO is subscribed 56.43 times on December 1, 2010 10:00:00 PM (Day 4). The public issue subscribed 32.86 times in the retail category, 49.16 times in the QIB category, and 143.3 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 49.16 | 1,64,64,000 | |
| NII | 143.3 | 49,39,200 | |
| Retail | 32.86 | 1,15,24,800 | |
| Employee | 0.57 | 6,72,000 | |
| Total | 56.43 | 3,36,00,000 |
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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| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Managers | |
| 2 | Underwriting and selling commission (including commission to SCSBs for ASBA Applications) | 1.97 |
| 3 | Fees to Registrar to the Offer | 0.79 |
| 4 | Fees to the Legal Advisors | 1.09 |
| 5 | Fees to the Bankers to the Offer | |
| 6 | Expenses for advertisement and marketing | 6.34 |
| 7 | Other Expenses (fees to auditors, depositaries and postage etc.) | 3.61 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹375.00 | ₹375.00 |
| Open | ₹551.00 | ₹565.00 |
| Low | ₹458.50 | ₹456.65 |
| High | ₹591.05 | ₹590.00 |
| Last Trade | ₹466.50 | ₹465.05 |
MOIL IPO is a main-board IPO of 3,36,00,000 equity shares of the face value of ₹10 aggregating up to ₹1,238 Crores. The issue is priced at ₹375 per share. The minimum order quantity is 17.
The IPO opens on Fri, Nov 26, 2010, and closes on Wed, Dec 1, 2010.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in MOIL IPO using UPI as a payment gateway. Zerodha customers can apply in MOIL IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MOIL IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MOIL IPO opens on Fri, Nov 26, 2010 and closes on Wed, Dec 1, 2010.
MOIL IPO lot size is 17, and the minimum amount required for application is ₹6,375.
You can apply in MOIL IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The MOIL IPO listing date is on Wed, Dec 15, 2010.
