MOIL IPO receives subscription of 29.10 times

The Initial Public Offering (IPO) of MOIL Limited has received overwhelming response from all spectrum of investors. The IPO has received subscription of 29.10 times as of November 30, 2010.

The IPO which opened for subscription for investors on November 26, 2010 has closed for subscription by QIBs today - November 30, 2010. The IPO will close for subscription by other investors on December 1, 2010.

The issue has received total bids for 977911298 equity shares against the offer of 33600000 equity shares resulting in a subscription of 29.10 times. The issue has received bids for 102687803 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 809312438 equity shares against the offer of 16464000 equity shares resulting in a subscription of 49.16 times.

The Non Institutional Investors portion of the issue has received subscription of 8.77 times with bids for 43312379 equity shares against the offer of 4939200 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 125150362 equity shares against the offer of 11524800 equity shares resulting in a subscription of 10.8 times.

The Employee Reservation portion has received subscription of 0.20 times with bids for 136119 equity shares against the offer of 672000 equity shares.

Source : Equity Bulls

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