November 2011 - Indian IPO Blog

Tuesday, November 22, 2011

Oil India Stake sale approved

November 22, 2011 0
Oil India Stake sale approved
The oil ministry has approved sale of a 10% stake in state-run Oil India Limited. The Government of India currently owns 78.4% of Oil India.

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

Tuesday, November 1, 2011

Indo Thai Securities to list on November 2, 2011

November 01, 2011 0
Indo Thai Securities to list on November 2, 2011
Indo Thai Securities Limited will be listed and admitted to the dealings on the exchange with effect from November 2, 2011. The Company had earlier fixed Issue Price of the Equity Shares offered under the IPO at Rs.74/- per share as compared to the Price Band of Rs.70/- to Rs.84/- per share

Indo Thai Securities is an Indian Stock Broking Company providing trading services in Indian Equity Market (BSE and NSE), Future & Options and Currency Derivatives Segments. The company also provides depository services through Central Depository Services (India) Limited. Other services offered by Indo Thai Securities includes Mutual Fund Service System (MFSS) & Interest Rate Futures (IRF) from NSE. The company is promoted by Mr. Parasmal Doshi and Mr. Dhanpal Doshi

Check back Indian IPO Blog for more on the Indo Thai Securities IPO!