ONGC FPO Bid Lot - Indian IPO Blog

Wednesday, September 14, 2011


Oil and Natural Gas Corporation Limited (ONGC), Asia's largest and most active company involved in exploration and production of oil, is coming up with an FPO of Equity Shares, which would remain open for subscription between Tuesday, September 20, 2011 and Friday, September 23, 2011

Oil and Natural Gas Corporation Limited (ONGC) is an Indian state-owned oil and gas company headquartered at Dehradun, the capital of Uttaranchal (aka Uttrakhand). ONGC is a Fortune Global 500 company ranked 413,[2] and contributes 77% of India's crude oil production and 81% of India's natural gas production. It is the highest profit making corporation in India, according to filings with the BSE of latest quarter results

The Follow-on Public Offer (FPO) is likely to be priced at around Rs.250/- per share. Consequently, the bid lot for the ONGC FPO is expected to be around 25 Equity Shares and in multiples thereof. It may be noted however, that there is no official announcement yet made with respect to the Price Band or Bid Lot for the FPO. The Price Band and Bid Lot will be updated here as soon as the same is announced. Check back Indian IPO Blog for the latest updates on the FPO!

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