MOIL is India’s largest manganese ore producer (formerly Manganese Ore India) will be listed on December 15, 2010.

The 3.36 crore equity shares’ initial public offering (IPO) received tremendous response from all investors’ categories and was subscribed 56.43 times. The price band for the issue was fixed at Rs 340-375.

Investment Advisor, SP Tulsian is of the view that MOIL may list around Rs 550 on its debut. He recommends investors to hold on the stock post listing with a price target of Rs 600 in 5-7 days.