Thursday, August 27, 2009

Oil India IPO - Analysis, Recommendation and Review

Oil India IPO will be opened from subscription from September 7 and will close on September 11. A government panel has set a price band of Rs 950-1,050 per share for Oil India's initial public offering.

The company plans to raise up to Rs 2,770 crore via the IPO, while the government will get up to Rs 2,205 crore.

We recommend the investors to invest in this IPO who want to be invested in it for long term. The recent IPOs haven't fared very well but these will good returns in the long term.

Watch out this blog for all the details on subscription, allotment and listing!

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