MOIL IPO subscribed 19.60 times till 3:00 PM today

The Initial Public Offering (IPO) of MOIL Limited has received overwhelming response with the issue garnering subscription of 19.60 times till 3:00 PM on November 30, 2010.

The issue has received total bids for 658401755 equity shares against the offer of 33600000 equity shares. The issue received bids for 56779422 equity shares at cut-off price.

The issue opened for subscription on November 26, 2010 and closes today (November 30, 2010) for subscription by QIBs. The issue closes for subscription on December 1, 2010 for other investors.

The Retail Individual Investors (RIIs) portion of the issue has already received subscription of more than 6 times.

Source : Equity Bulls

Keywords