Upcoming IPO => MOIL Limited, Shipping Corporation of India Ltd

i) Upcoming IPO: MOIL Limited

MOIL Limited (Manganese Ore India Limited) is entering in the capital markets with an initial public offering, IPO of 33,600,000 Equity Shares of Rs. 10 each. The price band for the issue will be available soon.

Incorporate in 1896, MOIL Limited (Manganese Ore India Limited) is India based producer of manganese ore, primarily used to make ferro-alloys for steel production. MOIL is a 'Mini Ratna' PSU, owned by Government of India and under the administrative control of the Ministry of Steel.

The issue opens on Nov 26, 2010, and closes for subscription on Dec 01, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

http://moil.nic.in/

ii) Upcoming FPO: Shipping Corporation of India Ltd (SCI)

Shipping Corporation of India Ltd (SCI) is entering in the capital markets with an follow-on public offering, FPO of 84,690,730 Equity Shares of Rs. 10 each. The price band for the issue will be available soon.

Incorporated in 1950, Shipping Corporation of India Ltd (SCI) is India’s largest shipping companies handling around 35% of market share. SCI holds “Navratna” status. Shipping Corporation of India owns a fleet of 74 vessels of 5.11 million dead weight tonnage (DWT) and has ordered 29 vessels which will be operational in next 3 years.

The issue opens on Nov 30, 2010, and closes for subscription on Dec 03, 2010. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

http://www.shipindia.com/