MOIL Limited earlier known as (Manganese Ore India Limited) is to open its IPO on Friday the 26th of November 2010. The issue would close for QIB Bidders on Tuesday the 30th of November and for all other bidders on Wednesday the 1st of December 2010. The company would be divesting 20% of its present IPO and the Central Government would be offloading half the shares while the state governments of Madhya Pradesh and Maharashtra would sell 25% of the issue each. The total issue is for 3.36 cr shares.

The company may allot upto 50.4 lac shares to Anchor Investors. The price band in all probability would be announced by way of public announcement on Wednesday the 24th of November. Retail investors and eligible employees would be offered a 5% discount post allotment.