MOIL IPO subscription is successful on the second day. The bids received by the issue are for 3.7 lakh equity shares against 336 lakh shares of the si...
MOIL IPO subscription is successful on the second day. The bids received by the issue are for 3.7 lakh equity shares against 336 lakh shares of the size of issue. The NSE data was made available around 12pm.
The subscription rate so far is of 1.1 times. The qualified investor’s portion was subscribed completely while the non investor shares were subscribed up till 0.88 percent and the retail investor ones had the subscription of 0.36 times. The raised amount is estimated to stand around Rs 1142.40-1260 crore with the price slab set as 340-375 per share.
In place of the final price the investors of retail and the MOIL employees will get a 5 percent discount on the offer price. The closing through the issue of bidders at the qualified institutional level will be done on the 30th of November while that of other investing parties will be done on the 1st of December.
Read more: http://www.ganpatinews.com/2010/11/29/moil-ipo-subscription-takes-successful-note-day2-77190#ixzz16jl0ed2w
Posted in Bollywood Latest NewsYou can leave a response, or trackback from your own site.