Moil Listing Price: MOIL may list at Rs 550

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Moil Listing Price

MOIL Listing, may list around Rs 550 on its debut, ShareState-run MOIL's issue price has been fixed at Rs 375 per share at which Rs 1260 crore will be raised from IPO investors , and the company is likely to get listed on stock exchanges on December 15.

Also the Issue Price for Retail and Employees categories was Rs.356.25/- per share, Investment Advisor, SP Tulsian is of the view that MOIL may list around Rs 550 on its debut. He recommends investors to hold on the stock post listing with a price target of Rs 600 in 5-7 days for the MOIL Listing .

MOIL is India’s largest manganese ore producer (formerly Manganese Ore India) will be listed on December 15, 2010.Each share of MOIL Listing will be issued at Rs. 375 and the company is likely to be listed on December 15,” Finance Ministry sources told PTI, making the manganese miner the fifth PSU to divest stake this fiscal.

The issue price of Rs. 375 per share of MOIL Listing is at the upper end of the price band of Rs. 340-375 fixed by the government.The Equity Shares of Manganese Ore India Limited (MOIL) will be listed and admitted to the dealings on the exchanges with effect from Wednesday, December 15, 2010 in the 'B' Group of Securities.