Tuesday, September 8, 2009

OIL IPO - Subscription details

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Oil India, the second largest oil and gas company in India, has received good response in the first few hours after opening. Though much of the investment has come from QII, the retail investors have shyed away from the issue till now probably due to lacklustre performance from Adani and NHPC IPOs. OIL IPO has opened for subscription with an initial public offering (IPO) of 26,449,982 equity shares of face value Rs 10 each. The company will raise around Rs 2,512.75-2,777.25 crore via this public offer.

It has been subscribed 4 times so far and all bids were seen at Rs 1,050 a share, at higher end of the price band of Rs 950-1,050. At the end of day today:

Retail segment was subscribed 0.31 times
NII segment was subscribed 0.037 times
QII segment was subscribed 7.18 times
Employee reservation segment was subscribed 0.14 times

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