MOIL IPO: Allotment/Listing updates

Update (12/03/2010): MOIL shares to be listed on December 15

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Market Consensus: Subscribe

Company: Manganese Ore India Ltd

Price band: Rs 340-375 (Retail/MOIL employees 5% discount)

Open: Nov 26, 2010-Dec 01, 2010

Min lot size: 17

Max bid amount (Retail): Rs. 200,000 (First IPO to take advantage of the increased retail limit)

Total Issue [...]

Power Grid FPO: Subscription, Allotment and Refund

On the closing day of Power Grid Corporation of India FPO, retail portion of the offering was subscribed 3.85 times (almost 2x of Coal India IPO). It was only 0.70 times subscribed until the last day. It seems retail investor wait till the last day to judge the market sentiment and post-listing investor appetite(especially QIBs [...]