MOIL IPO garners subscription of 2.37 times till Day 2

The Initial Public Offering (IPO) of MOIL Limited has received subscription of 2.37 times till day 2. The issue has received total bids for 79465786 equity shares against the offer of 33600000 equity shares. The issue has received bids for 24424274 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 2.14 times with bids for 35231140 equity shares against the offer of 16464000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 11874568 equity shares against the offer of 4939200 equity shares resulting in a subscription of 2.40 times.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 32271661 equity shares against the offer of 11524800 equity shares resulting in a subscription of 2.80 times.

The Employee Reservation portion has received bids for 88417 shares against the offer of 672000 shares resulting in a subscription of 0.13 times.

The issue closes for subscription by QIB bidders on November 30, 2010 and on December 1, 2010 for other investors.

Source : Equity Bulls

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