The QIB portion was subscribed 1.03 times, whereas the Non Institutional portion was subscribed 0.88 times and retail portion was subscribed 0.36 times.
According to the NSE website, the initial public offering of MOIL Ltd is subscribed by 29.10 times.
The issue got total bids for over 977,911,298 shares as beside 33,600,000 shares on offer, as per the data available with the National Stock Exchange.
On Tuesday at 5:00 pm, the QIB portion was subscribed 49.16 times, whereas the Non Institutional portion was subscribed 8.77 times and retail portion was subscribed 10.86 times.
On Tuesday, the issue closed for the QIBs whereas it will close on Wednesday for the other category of investors.
MOIL is looking to obtain mining properties in South Africa, Congo and Turkey, as the demand for manganese by Indian steel producers is expected to climb in the near future, K.J. Singh, chairman and managing director, MOIL was quoted as saying.
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