Oil India has announced a price band of Rs 950 – 1050 for its forthcoming IPO. The issue opens on Monday the 7th of September and closes on Thursday 10th Sept. The issue would raise between Rs 2513 crs at the lower price band to Rs 2777 crs at the upper price band. There was a lot of speculation about the price and that the government looking at the success of NHPC expected a good sale price. One newspaper had only last week reported an expected price band of between Rs 1200 and Rs 1450.