State-owned MOIL, which will hit the capital markets on November 26, would become the first PSU to come with a public offer where retail investors can invest up to Rs. 2 Lakh. This would be the first issue by a PSU where retail investors will be able to invest up to Rs. 2 Lakh disinvestment secretary Sumit Bose said. As per the new norms announced by market regulator SEBI in October, investment limit for retail investors in initial share sale offer has been doubled to Rs. 2 Lakh as against Rs. 1 Lakh earlier. MOIL will hit the capital market on November 26 with a public issue of 3.36 crore equity shares and the IPO would close on December 1. The price band has been fixed at Rs. 340-375 a share for the issue, which is expected to raise up to Rs. 1238 Crore.
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