The Follow-on Public Offer (FPO) of Oil and Natural Gas Corporation (ONGC) Limited, may once again face a deferral. The FPO, which is scheduled to open from September 20, 2011, may now be pushed back by 15 days to October 5, 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 confirmed date of opening along with 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!

Finally, the date for the opening of Follow-on Public Offer of Oil and Natural Gas Corporation Limited (ONGC) has been declared. The FPO would open for subscription from Tuesday, September 20, 2011

The Issue would consist of 42,77,74,504 Equity Shares. This would comprise of a net offer to the public of 41,92,21,336 equity shares and a reservation of 85,53,168 equity shares for subscription by eligible employees

ONGC is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India. ONGC contributes significantly to India's crude oil production and natural gas production

Check back Indian IPO Blog for the latest updates on ONGC FPO!

The Follow-on Public Offer (FPO) of Oil and Natural Gas Corporation Limited (ONGC) may open for subscription in September 2011. Oil and Natural Gas Corporation Limited (ONGC) is Asia's largest and most active company involved in exploration and production of oil.

ONGC is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India. ONGC contributes significantly to India's crude oil production and natural gas production

In a move towards the FPO, Oil and Natural Gas Corporation (ONGC) Board had earlier undergone sub division of each Equity Share of the Company of Rs.10/- each fully paid up into two equity shares of Rs.5/- each fully paid up. The Company had also issued Bonus shares in the proportion of one new Equity Share of Rs.5/- each as a Bonus for every one existing Equity Share of Rs.5/- each fully paid up by capitalization of reserves

The FPO of ONGC has been anticipated since long now and also has been much talked about ever since it came to be known that the company was going to come up with an FPO. It remains to be seen whether the FPO meets the expectation of opening in September 2011 or not. Check back Indian IPO Blog for the latest updates on ONGC FPO!

The Follow-on Public Offer (FPO) of Oil and Natural Gas Corporation Limited (ONGC), Asia's largest and most active company involved in exploration and production of oil, is likely to hit the streets around the third week of March 2011

ONGC is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India. ONGC significantly contributes to India's crude oil production and natural gas production

Check back Indian IPO Blog for the latest on ONGC FPO!

The proposed Follow-on Public Offer of Oil and Natural Gas Corporation Limited (ONGC), the state-owned oil and gas company in India, is likely to hit the streets by March, 2011. ONGC is Asia's largest and most active company involved in exploration and production of oil

ONGC is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India. ONGC significantly contributes to India's crude oil production and natural gas production.

Check back Indian IPO Blog for latest updates on ONGC FPO!

Oil and Natural Gas Corporation (ONGC) Board today has recommended for approval of the shareholders for sub division of each Equity Share of the Company of Rs.10/- each fully paid up into two equity shares of Rs.5/- each fully paid up

Moreover, the Board has also recommended for approval of the shareholders for issuance of Bonus shares in the proportion of one new Equity Share of Rs.5/- each as a Bonus for every one existing Equity Share of Rs.5/- each fully paid up by capitalization of reserves

Besides, ONGC Board has also approved a Special Interim dividend of Rs.32/- per share of Rs.10/- each fully paid up for the Financial Year 2010-11

The move comes ahead of the proposed Follow-on Public Offer of the Company, which is expected to hit the markets soon. Check back Indian IPO Blog for latest updates on ONGC FPO

The Government has accepted the splitting of ONGC Share having a Face Value of Rs.10/- into two shares of a Face Value of Rs.5/- each, before the proposed FPO of the company. This move is to make the FPO affordable for small Retail Investors

The Government plans to sell 5% of its shares in ONGC through a Follow-on Public Offer. The proposed FPO of ONGC is expected to hit the streets in March 2011

Oil and Natural Gas Corporation Limited (ONGC) is a state-owned oil and gas company in India. It was set up as a commission on 14 August 1956. ONGC significantly contributes to India's crude oil production and natural gas production. It is the highest profit making corporation in India.

ONGC is Asia's largest and most active company involved in exploration and production of oil. It is involved in exploring for and exploiting hydrocarbons in sedimentary basins of India. It owns and operates more than 11,000 kilometres of pipelines in India