MOIL IPO Listing Price at Rs 565 on BSE

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(MOIL) released at Rs 565 on Bombay Stock exchange (BSE) at the Indian equity market. MOIL, India’s largest Manganese ore production company, is listing higher than its issue price of Rs 375. The MOIL price band was fixed at Rs 340-375 as the initial public offering of MOIL received huge response from the investors and it was subscribed 56.43 times.

Moil issue price fixed at the Price  of Rs 375 per share and MOIL got listed on Stock Exchange on 15 December 2010. MOIL listed at the lowest price band of Rs. 340 and highest price band of Rs. 375. It has been fixed by the Government of India. MOIL  came out into the market with its IPO to collect Rs 1,260 crore for the Company reinforcement. The IPO price band fixed by an Empowered Group of Ministers chaired by Finance.

IPhone 3G base for syncing and charging. No more reaching behind the computer to connect in. Connect the basis of an electrical outlet using an adapter supplied with iPhone 3G, then place your iPhone 3G in the Dock to charge the price range for the battery.The problem has been fixed at Rs 340-375, and shares were issued in the band above the offer price, is Rs 375 per equity share.Analyst predict the actions of a cap a list somewhere between 425 to 470 rupees. depending on market conditions.

MOIL produces more than half the manganese ore used in India. It operates 10 mines in the central Indian region covering Maharashtra and Madhya Pradesh. The stocks of Manganese Ore India Limited (MOIL) have listed at Rs 565 on BSE on Wednesday, a hefty 50.7% premium to its issue price of Rs 375 on Dec 15, 2010 (Wednesday).

The shares of MOIL to list at Rs 500-550 per share. They had based their assumption on the issue being heavily subscribed and investors getting only a small portion of the quantity of shares they had bid for. A strong debut by MOIL is expected to fire up sentiment for metal and mining stocks, which have already started inching up in the past couple of sessions.

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