Manganese Ore India Ltd. IPO has been overbid 56.43 times till 10 PM on the closing day, i.e. December 1, 2010, as per data available on the NSE website. The Retail Category is also oversubscribed by about 28 times. Manganese Ore India Ltd. (MOIL) IPO was overbid by 29.10 times on an overall basis till Day 3, November 30, 2010
Manganese Ore India Ltd. is the largest producer of manganese ore by volume in India. MOIL operate seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi)
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