MOIL (Manganese Ore India Limited) equity shares IPO (initial public offering) received good response from all categories of investors and was subscribed 56.43 times. The price band for the issue was fixed at Rs 340-375.
MOIL NSE Code : MOIL.
BSE Scrip code : NA.
MOIL IPO Listing Date : December 15, 2010. Shares will be listed on both NSE and BSE stock exchanges. Source: CNBC-TV18.
MOIL Expecting Listing Price : Rs: 500. In normal Stock Market conditions technically stock will quote with 30 to 35 percent returns. Many stock market analysts and leading stock broking firms expecting markets may correct in December 2010. If any correction occurred in markets, MOIL IPO will trade at lower levels even listing at higher levels.
MOIL IPO Subscription : 56 times oversubscribed from both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) stock exchanges.
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