Oil India Limited may come up with an FPO - Indian IPO Blog

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Sunday, May 29, 2011

Oil India Limited may come up with an FPO

Oil India Limited (OIL), an Indian National Oil Company, engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG, may come up with a Follow-on Public Offer (FPO) in the near future. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited

Oil India Limited (OIL) had come up with an IPO in September 2009 with the issue price at Rs.1050/- per equity share. The issue price was fixed at the higher end of the price band for the IPO which was Rs.950/- to Rs.1050/- per equity share under the IPO

Oil India Ltd. IPO had received very good response especially from the QIB Category, with the IPO being oversubscribed by 30.82 times on an overall basis and 53.83 times in the QIB Category. Retail Category was subscribed by only 1.76 times

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