MOIL Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 16,464,000 (49%) | — | ₹61,740 Cr |
| NII (HNI) | — | 4,939,200 (15%) | — | ₹18,522 Cr |
| Retail | — | 11,524,800 (34%) | — | ₹43,218 Cr |
| Employee | — | 672,000 (2%) | — | ₹252 Cr |
| Σ Total | — | 33,600,000 (100%) | — | ₹1,260,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹6,375 |
| Retail (Max) | 13 | 221 | ₹82,875 |
| S-HNI (Min) | 14 | 238 | ₹89,250 |
| B-HNI (Min) | 67 | 1,139 | ₹427,125 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 1,088 | 1,439 | 1,015 |
| Profit After Tax | 466 | 664 | 480 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 The Company will not receive any proceeds from the Offer. –
Company Overview
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.