Issue Price
₹375
Per Share
GMP
NIL
Grey Market
Est. Listing
₹375
Expected Price
Min. Application
₹12,750
2 lots × 17 shares
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 and5. Strong capabilities for exploration, mine planning and research development.
MOIL Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 33,600,000 | 100.00% | ₹1,260.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹6,375 |
| Retail (Max) | 2 | 34 | ₹12,750 |
| sNII (Min) | 32 | 544 | ₹204,000 |
| bNII (Min) | 157 | 2,669 | ₹1,000,875 |
| Particulars | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue from Operations | 1087.85 | 1439.40 | 1015.44 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 466.34 | 663.79 | 479.81 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | N/A | N/A | N/A |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |