Indianprofits.com

Oil India IPO

Issue Opens : Sep 7 /2009

Issue Closes : Sep 11 /2009

Listed @ NSE BSE

Public issue of up to 2,64,49,982 equity shares of Rs. 10 each (Equity Shares) for cash at a price of Rs.[*] per equity share of Oil India Limited (Oil India, the company or the issuer) aggregating Rs.[*] Crores (the issue). The issue comprises a net issue the public of up to 2,40,45,438 equity shares (net issue) and a reservation of up to 24,04,544 equity shares for subscription by eligible employees (as defined herein) (Employee Reservation Portion), at the issue price. The issue shall constitute 11% of the fully diluted post-issue capital of the company. Price band: Rs.[*] to Rs.[*] per equity share of face value Rs. 10 each The face value of equity shares is Rs.10 each. The floor price is[*] times of the face value and the cap price is[*] times of the face value.

Oil India IPO

Old News

Oil India is likely to launch its IPO (initial public offering) in September, The sources say that they have no plans to disinvest other state-owned oil giants Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC).In the interim budget, the government had calculated that it would generate Rs.1,120 crore from disinvestement.