Shares of Oil India will list for trading on Wednesday the 30th of September 2009. Oil India had tapped the capital markets and raised Rs 2777 crs by offering 2.64 cr shares at a price of Rs 1050. The issue received excellent response from QIB’s and was oversubscribed 53.8 times in that category. The NII or HNI’s was oversubscribed 10.48 times while the retail after the debacle of NHPC was a mere 1.76 times. The overall oversubscription of the issue was 30.82 times.
IPO NEWS
Dear Arun,You are the “Only One”who is continiously looking into addressing investor concerns and their Financial “Well being”!! Oil india has not gone down quiet abnormal on a IPO listing day !!This probable due to absence of heavy selling pressure from HNI’s!!This is mysterious?? Normally HNI’s come out in large numbers to Book Profits in first few hours of Listing!! Still cant imagine the logic of Oil India being equivalent to The Might ONGC!!Once again very mystical.-Keep it up Arun with all the good work and analyisis for The HNI Category and The Common Retail Investor,who are sure to benefit!!