Fw: MOIL India's Largest Producer of Manganese Ore

 

MOIL LIMITED [Manganese Ore (India) Limited]

Equity Shares offered through this Offer 33,600,000 Equity Shares Of which Employee Reservation Portion 672,000 Equity Shares available for allocation on a proportionate basis Net Offer to public 32,928,000 Equity Shares Of which 1. QIB Portion At least 16,464,000 Equity Shares available for allocation on a proportionate basis 2. Non-Institutional Portion Not less than 4,939,200 Equity Shares available for allocation on a proportionate basis 3. Retail Portion Not less than 11,524,800 Equity Shares available for allocation on a proportionate basis   Pre and Post Offer Equity Shares   Equity Shares outstanding prior to the Offer 168,000,000 Equity Shares Equity Shares outstanding after the Offer 168,000,000 Equity Shares   Use of Offer Proceeds The objects of the Offer are to carry out the disinvestment of 33,600,000 Equity Shares by the Selling Shareholders and to achieve the benefits of listing the Equity Shares on the Stock Exchanges. The Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholders.   BID/OFFER PROGRAMME Offer Opens 26th November 2010 Offer Closes (QIBs) 30th November 2010 Offer Closes (Retail and Non-Institutional Bidders) 1st December 2010   PRICE BAND 340 to 375 Minimum Bid quantity 17 Equity shares and in multiples of 17 Equity shares thereafter Maximum Bid quantity 527 Equity shares for retail and eligible employees.

About MOIL:

MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh. The company's reserves of manganese ore are reported to be around 69 million tonnes. As on September 30, 2010, the company's reported Cash and Bank balance is around Rs 1700 Crores. The company was granted the Mini-Ratna public sector company status in 2008. The company was the largest producer of manganese ore by volume in India in Fiscal 2008. Net sales Rs.9693.95 million and PAT Rs.4656.20 million in FY 2010, EPS of 27.72 for FY 2010.

 

Fw: Daring Derivatives: Bears destructive

Daring Derivatives [For November 26, 2010] Sharekhan www.sharekhan.com Summary of Contents DARING DERIVATIVES Derivatives Summary Nifty (December) futures? premium increased from 20.75 points to 48.35 points; Nifty futures started the series with 2.65 crore shares in open interest. Total open interest in the market was Rs115,000 crore and Rs63,500 crore got reduced in open interest. Market wide rollover was 85.49% whereas the rollover in Nifty futures was 75.04% v/s 69.26%.   Click here to read report: Daring Derivatives   Regards, The Sharekhan Research Team myaccount@sharekhan.com Manage your newsletter subscriptions

Fw: Eagle Eye: Extension

Eagle Eye (equities) [For November 26, 2010] Sharekhan www.sharekhan.com  Summary of Contents   PUNTER'S CALL   Extension The Nifty slipped again forming lower lows, which is a concern for the market going forward... SMART CHART CALLS   MOMENTUM CALLS   Click here to read report: EagleEye     Regards, The Sharekhan Research Team myaccount@sharekhan.com Manage your newsletter subscriptions

Fwd: Bombay Stock Exchange-IPF Sponsored Research Reports

 

Bombay Stock Exchange has introduced its Sponsored Research Initiative to address the needs of its listed companies and their investors. Under the Initiative, each participating company will be covered by empanelled research houses and research reports generated will be available free of charge. Check this page for more research reports.

The goal of this initiative is to create and disseminate company-specific research reports focused on small and mid-cap companies in a standardised format accessible to the retail investor. These reports contain analysis and views on company fundamentals including industry overview, company�s business, profitability and competitive landscape.

Research Reports are currently available for the following companies.

Scrip Code	Company Name	Initiation Report	Updates
533179	Persistent Sys	Download	Download
533098	NHPC	Download	Download
532926	Jyothy Lab	Download	Download
532787	Ess Dee Alum	Download	Download
532684	Everest Kanto	Download	Download
532682	ABG Shipyard	Download	Download
532654	Mcleod Russel	Download	Download
532629	Mcnally Bharat	Download	Download
532508	JSL Stainless	Download	Download
532259	Apar Inds	Download	Download
523838	Simplex Infra	Download	Download
517146	Usha Martin	Download	Download
509930	Supreme Inds	Download	-
509488	Graphite India	Download	Download
506690	Unichem Lab	Download	Download
500840	EIH	Download	Download
500472	SKF India	Download	Download
500403	Sundram Fast	Download	Download
500186	Hindustan Oil	Download	Download
500165	Kansai Nerolac	Download	Download

For any queries/suggestions kindly write to us at: independent.research@bseindia.com

Regards,
Independent Research Cell

Source:bseindia.com