Oil India Limited IPO price fixed at Rs. 1,050 a share

by khalid on 15/09/2009 · 0 comments

Oil India Limited

Oil India Limited IPO
was massively oversubscribed, making the state-owned producer of oil and gas, the most popular Indian IPO so far this year.

Ministers panel sets IPO price at Rs 1,050/share on Monday (14/9/09), at the higher end of the price band of Rs 950 to Rs. 1,050 per share. The shares will be listed on the BSE/NSE on September 30.

In addition to the IPO, the company is selling a further 10% at the IPO price to three state-run refiners. Following the two transactions, the government’s stake will decrease from 98.1% to 78.4%.

Allotment status can be seen hereā€¦. My allotment status

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