MOIL IPO ALLOTMENT

While the Institutional part
of the Is MOIL IPO is fully
subscribed, the retail s
unenthusiastic. The issues
has not even been able to
garner one third of the
allotments. This is in spite
the fact that retail investors
and employees of MOIL
will get a 5% discount to
the issue price. Normally,
its said that the
institutional investors come
in last moment as they do
not want to lock in funds.
Now its been said that the
retail will come in last date
to book as they do not
want to lock in the funds.
This has to be watched
since, there is time till Dec
1 for the retail investors to
move in. Coal India Limited
did not have such issues.
Institutional investors have
Nov 30 as their last date.
SEBI’s tampering with the
distribution system has
resulted in major
investment losses
throughout the decade.
Will MOIL need a rescue?
LIC of India, the usual
rescuer is already in news
for its LIC Housing Finance
scam. LIC’s investment
decisions, which are non
transparent is also under
the question.
Tags: Manganese Ore
India, MOIL IPO
6 COMMENTS
LEAVE A COMMENT »
1. manoj November
27th, 2010 11:41 pm
:
There are still four
more days to go. The
adverse news in the
secondary markets
affect the primary
market as well.
Hopefully,it will be
oversubscribed and
will give good returns
too.
2. http://indiaipofpo.
blogspot.com/
November 29th, 2010
9:04 am
:
Probably retail did
not put money in
MOIL last friday as
they could not get
out of power grid.
Also market being
down for few days,
retail investors could
not take money out
for IPO
3. Babel Moses
November 29th, 2010
10:54 am
:
The IPO is very small.
I may not get many
shares and end up
locking up my cash
for 2 weeks. That is
my mindset atleast.
4. RAKESH GUPTA
November 29th, 2010
12:25 pm
:
As a subscriber of the
IPO , I ’m positive
about the
fundamentals
MOIL ,no matter it
would over
subscribed or not .
Current market
conditions and scams
may hurt the
sentiments of retail
subscriber for a
while , but I ’m sure it
will get firm opening
and return .It is good
bet for long term.
5. Vishal November
29th, 2010 2:08 pm
:
Expected to be over
subscribed atleast 20
times,allotment will
be maximum 2
lots,so for 25-30
shares 2 lacs will be
blocked for 2 weeks.
6. pravin r charthal
November 29th, 2010
9:19 pm
:
So strong Strong
fundamentals so go
for bid in for ipo it it
list over rs-650
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